Australian insurer invests in China

    August 26, 2011 | BY

    clpstaff &clp articles

    Insurance Australia Group (IAG) has acquired a 20% stake in Chinese insurer Bohai Insurance (Bohai) for A$100 million (US$104.5 million). Established in…

    Insurance Australia Group (IAG) has acquired a 20% stake in Chinese insurer Bohai Insurance (Bohai) for A$100 million (US$104.5 million). Established in 2005, Bohai is primarily a motor insurer selling directly to customers and through an agent network.

    A Clyde & Co team in Shanghai, led by Michael Cripps, advised IAG, while JD Hands Law Firm acted as counsel to Bohai.

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