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The Development Course of Anbang Insurance
In 2004

Anbang Property Insurance Co., Ltd. (hereinafter referred to as "Anbang Property Insurance") was formally established and opened its first branch in Beijing.

In 2005

Signed strategic cooperation agreements with Shanghai General Motors and Industrial and Commercial Bank of China.

Premium income exceeded 1 100 million yuan.

Twenty-two branches, including Liaoning and Fujian, were opened, and the nationwide business network was basically laid.

In 2006

The implementation of measures such as "payment at sight" and "zero receivable" in the whole industry has been recognized by the China Insurance Regulatory Commission and promoted the development of the industry.

Seven branches, including Tianjin and Jilin, opened one after another.

ABCC Club officially launched the national market operation.

In 2007

The accumulated premium has exceeded 654.38+00 billion.

The project of GPS system was successfully completed, and centralized management and dispatching in China was realized.

the year of 2008

China Insurance Regulatory Commission approved Anbang Property Insurance to conduct telemarketing business in 37 branches across the country. Anbang Property & Casualty Insurance is the first enterprise in the property insurance industry to be allowed to conduct telemarketing in all provinces of the country at the same time.

In 2009

The registered capital of Anbang Property Insurance Co., Ltd. was changed to RMB 565.438+0 billion.

The accumulated premium exceeded the 20 billion mark.

20 10 year

Anbang Life Insurance Co., Ltd. was established. At this point, Anbang Insurance has a number of licenses such as property insurance, life insurance and health insurance, and the prototype of Anbang Insurance Financial Group has basically taken shape.

Acquired Ruifu Health Insurance Co., Ltd. and changed its name to "Harmonious Health Insurance Co., Ltd."

20 1 1 year

The registered capital of Anbang Property Insurance Co., Ltd. was changed to 654.38+0.2 billion yuan, ranking second in the industry.

China Insurance Regulatory Commission approved Anbang Property Insurance for group restructuring.

Anbang Asset Management Co., Ltd. and Harmony Insurance Sales Co., Ltd. were established.

20 12

Anbang insurance group co., ltd was established.

2014101October 6th

Hilton Hotels Group (HLT) agreed to award the prestigious Waldorf Astoria in new york to Anbang Insurance Group in China for US$ 654.38+US$ 95 million, but Hilton did not completely break away from Waldorf Astoria in new york.

According to the 100 contract signed with Anbang Insurance, it will continue to operate waldorf in midtown Manhattan, new york. Hilton also said that the proceeds from the transaction will be used to finance the acquisition transaction in the United States.

Anbang Insurance's acquisition of Waldorf Astoria in new york is another example of entities outside the United States investing in American commercial real estate, and the increasing demand is also pushing up the value of American commercial real estate.

201410 June 13

Anbang Insurance Group announced the wholly-owned acquisition of Belgian insurance company FIDEA. This is the first time that China insurance company has acquired European insurance company with 100% equity.

FIDEA Insurance Company is a well-known brand in the Belgian insurance market, with a business history of 100 years.

Anbang Insurance Group will provide better services to Anbang Insurance Group's customers in China and Europe through customer resource sharing.

20 14 12 16

Anbang Insurance Group Co., Ltd. made another move and announced the acquisition of Delta Lloyd Bank in Belgium. This is another 100% equity acquisition of famous Belgian financial institutions by Anbang Group after the acquisition of century-old Belgian insurance company FIDEA.

2065438+February 2005

Anbang Insurance 100% equity formally acquired VIVAT Insurance Company of the Netherlands, and China insurance enterprises entered the Dutch insurance market for the first time. In the same month, Anbang Insurance acquired a 57.5% stake in Toyo Life Insurance of South Korea, which was the first time that China entered the Korean insurance market.

20 15 1 1 month

Anbang Insurance Group announced the acquisition of Fidelity &; Guaranteed life insurance company). This is also the first time that a China enterprise has acquired an American life insurance company. Xinbao Life Insurance Company was established in 1959 and listed on the new york Stock Exchange on 20 13 and 12. It has insurance sales licenses in 50 States, mainly providing annuity and life insurance services to customers. The company's fixed annuity market share in 20 14 years ranks sixth in the United States, and it is in good operating condition.