Who took over Anbang Life Insurance?

Anbang Life Insurance was taken over by Pacific and China Life Insurance. Anbang Insurance Group is a large insurance company in China. It was founded in 2004 and its headquarters is in Beijing. Anbang Insurance Group was taken over by the China Municipal Government on 20 18 because its senior executives were suspected of committing crimes. During the takeover, the China government reorganized and cleaned up, and finally decided to spin off the business of Anbang Insurance Group. Among them, Anbang Property Insurance was acquired by China Pacific Insurance Company Limited, and Anbang Life Insurance was acquired by China Pacific Insurance Company Limited, China Life Insurance Company Limited and other investors. In addition, Anbang Pension Insurance Co., Ltd. was acquired by China Life Insurance Co., Ltd., which is an important subsidiary of Anbang Insurance Group Co., Ltd., mainly engaged in life insurance, health insurance, accident insurance and other life insurance businesses, as well as reinsurance business of the above businesses.