Sun Life to pour millions into China

Article Abstract:

Sun Life Assurance Company of Canada is poised to make an investment in several hundred million dollars in China to embark on a joint venture in the country. It is confirmed that the Toronto, Canada-based company, which was allowed in 1995 to put up a representative office in Beijing, China, is among four foreign insurance firms permitted by Chinese government to sell insurance in the country. The life insurance market in China is anticipated to generate around $30 bil in yearly premiums by 2000.

Life Insurance, Direct Life Insurance Carriers, Sun Life Assurance Company of Canada

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Ottawa flies to fill gap in air insurance

Article Abstract:

The Canadian government has stepped in to provide the airline industry with insurance guarantees against war and terrorism for the next 3 months. Underwriters are reducing war-risk coverage in the wake of the September 11th attacks; many aviation services would otherwise be put out of business.

United States, Government domestic functions, Insurance, Insurance Carriers and Related Activities, Administration of General Economic Programs, Scheduled Airlines, Scheduled Air Transportation, INSURANCE CARRIERS, Air Transportation, Scheduled, And Air Courier Services, Business Aid Programs NEC, Economic aspects, Finance, Insurance industry, Airlines, Wars, War, Terrorism, Business assistance, World Trade Center and Pentagon Attacks, 2001

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