Posted on 23 Aug 2010
Boston-based global insurer Liberty Mutual Group announced the China Insurance Regulatory Commission has granted it approval to set up branch operations in Zhejiang.
Liberty Mutual said it is the first foreign property and casualty company to operate in Zhejiang, a province of over 47 million people located 700 miles south of Beijing on China's southeastern coast.
"Liberty Mutual has had a presence in China since 1996 when it opened a Representative Office in Shanghai. In January 2004, the company received approval to open its first insurance office in Chongqing."