China-based financial company Fanhua Inc. has signed a definitive agreement to acquire a 51% equity interest in China’s Jilin Zhongji Shi’An Insurance Agency Co., Ltd., Asia Insurance Review reported. Jilin Zhongji, based in the Jilin province, is expected to generate gross written premium of approximately 208 million Chinese yuan ($30.6 million) and net income of CNY15 million in 2025.
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.