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Captive News

Global captive market updates, regulatory news and industry insights

A Captive Insurer Sets Sail in Karamay

The joint establishment of a proprietary property insurance company by China National Petroleum Corporation and PetroChina Company Limited has recently received formal approval from the CIRC and entered the preparation stage. China's first professional "captive insurance company" is expected to be officially established and begin operations in Karamay in the first half of next year.

2012-11-14

Author：Editorial Team
CIRC Approves Preparations for the Establishment of "CNPC Captive Insurance Co., Ltd."

On October 11, 2012, the CIRC issued an announcement approving China National Petroleum Corporation and PetroChina Company Limited to jointly initiate preparations for the establishment of CNPC Captive Insurance Co., Ltd., with a registered capital of RMB 5 billion, registered in Karamay, Xinjiang.

2012-10-11

Author：Editorial Team

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