Tuesday

AIG to open office in Beijing

American International Group Inc.'s Chinese operation has received permission to open a branch office in Beijing.

Shanghai-based AIG General Insurance Co. China Ltd. said in a statement that it has received approval from the China Insurance Regulatory Commission to establish an office in Beijing as part of plans to expand its geographic footprint in China. The division also has branches in Guangdong and Shenzhen. AIG General was incorporated as a wholly owned foreign enterprise in September 2007. AIG in 1992 became the first foreign insurer to receive a license to operate a general and life insurance business in China.


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