Jincheng Tongda & Neal has advised global insurer Chubb on its agreement to increase its stake in China’s Huatai Insurance Group to 26.2 percent from its current 20 percent. CBIRC has approved the stake increase on February 27, 2019.
With the increased Chubb stake, Huatai has become the first domestic Chinese insurance holding company that converts into a Sino-foreign insurance holding company, according to a statement from Chubb.
Huatai Insurance Group is the holding company of Huatai P&C Insurance Company, Huatai Life Insurance Company, Huatai Asset Management Company, Huatai Baoxing Fund Management Company, among other subsidiaries. Huatai Group's insurance operations have more than 600 branches and 11 million customers.
The JT&N team was led by Beijing-based senior partners George Yu and Elsie Shi and senior advisor Elizabeth Lan Lan.
金诚同达助力安达收购，华泰成为首家合资保险集团
金诚同达律师事务所助力安达保险集团收购华泰保险集团合计约6.2%的股份，加之此前已持有的20%股份，安达合计持有26.2%的华泰股份。2019年2月27日，中国银保监会批准了该增股收购交易。
华泰由此成为国内首家中外合资保险集团（控股）公司。
华泰保险集团是华泰财产保险有限公司、华泰人寿保险有限公司、华泰资产管理有限公司 、华泰保兴基金管理有限公司等子公司的控股公司。华泰集团的保险业务拥有600多家分支机构和1100万客户。
金诚同达团队由北京办公室高级合伙人余华良律师、师晓燕律师及高级顾问蓝岚领导，为安达提供全程法律服务。
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