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Background of China Insurance
China Insurance Company (UK) Ltd was registered in 1983, approved and licensed by the Department of Trade and Industry in time to begin underwriting on 1st October 1985, from which time it has also been a member of Association of British Insurers.
Originally a joint venture between The People's Insurance Company of China and Bank of China, it has since been 100% owned by China Insurance (Holdings) Co. Ltd.
Authorised to transact most classes of fire,accident, liabilities, marine and aviation business both direct and through reinsurance, the Company has a fully paid share capital of £15m. Currently assets under management exceed £50m with more than 40% of this figure attributable to shareholders. Our current level of annual income at nearly £16m (all underwritten within the UK), provides the Company with a very solid base for it's future development and a substantial margin over the minimum solvency requirement under the Insurance Companies Acts.
We have developed a strong network of brokers and agents throughout the United Kingdom and Northern Ireland and also transact business direct with the public particularly among the Chinese Community.
So far, we have a Representative Office in Manchester, and a branch in Netherland to support our customers outside of the United Kingdom.
Our parent company is a financial and insurance group with diversified business coverage and a vast network. The business covers general insurance, life insurance, reinsurance and also extends to asset management, trust investment, real estate development, securities broking and pensions etc.
The mission of our group is to help create a prosperous society while promoting the well-being and peace of mind among people. As a member of this group, we are focusing on European business and we aim to establish ourselves as a distinctive Chinese insurance brand in the European market.
Latest News
IMPORTANT ANNOUNCEMENT – CHANGE OF COMPANY NAME WITH EFFECT FROM 1ST OCTOBER 2009
We are pleased to announce that following the recent name change of our Parent Company to China Taiping Group [formerly known as China Insurance (Holdings) Co.] and the rebranding of the group name to CHINA TAIPING (formerly known as China Insurance Group) our Board of Directors has resolved to follow the Group's strategy in unifying the Group's identity by changing our company name with immediate effect from China Insurance Co (UK) Ltd to China Taiping Insurance (UK) Co Ltd.
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