The insurance business team of JT&N has been working at the forefront of the Chinese insurance industry for many years, especially in the areas of M&A and restructuring of foreign and domestic insurance companies, new setups, daily compliance of insurance institutions, and corporate governance. Such insurance business team has the ability to creatively provide clients with practical solutions, comprehensive and multi-dimensional assistance in addressing legal and regulatory challenges faced by China's insurance industry, and has helped clients design and complete numerous precedent-setting transactions within the industry over the years.
SERVICE
M&A and Restructuring in the Insurance Industry
Establishing New Insurance Institution
Daily Compliance and Corporate Governance of Insurance Institution
Insurance Business Model, Especially Innovative Business Model Design and Compliance Analysis
Insurance Contract Term Review
Insurance Dispute Resolution
Insurance Fund Investment
Protection of Personal and Business Information
DEALS
Assisted Allianz SE in establishing Allianz (China) Insurance Holding Co., Ltd., obtaining operating approval from the China Banking and Insurance Regulatory Commission (the first wholly foreign-owned insurance group), and providing ongoing legal consulting for its Chinese business
Assisted Chubb Ltd. in acquiring shares of Huatai Insurance Group held by nearly 20 shareholders, making Huatai the first foreign-controlled integrated financial insurance group, marking the second largest acquisition deal in China's insurance industry
Assisted Allianz (China) Insurance Holding Co., Ltd. in applying to establish a wholly-owned insurance asset management company and obtaining approval for its establishment and operation; Allianz Insurance Asset Management Company Limited is China's first foreign (indirect) wholly-owned insurance asset management company
Assisted Allianz (China) Insurance Holding Co., Ltd. in acquiring 49% of the shares in Allianz China Life Insurance Co., Ltd. held by CITIC Trust Co., Ltd., making Allianz China Life Insurance Co., Ltd. the first joint venture to become wholly foreign-owned life insurance company in China
Assisted HSBC in acquiring an insurance brokerage, making it the first foreign-owned insurance brokerage controlled by M&A in China in recent years
Assisted ERGO in increasing its shares in ERGO China Life Insurance from 50% to 65%
Assisted XL Insurance (China) Co., Ltd. in business restructuring and submitting application for changing its direct insurance company license to a reinsurance company license, providing ongoing legal consulting for its Chinese business
Assisted investors such as Shenzhen Bolin and others in acquiring shares in Shin Kong & HNA Life Insurance Company Limited through acquisitions and capital increases