Boston-based Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company (LICL), will establish a branch in Zhejiang, thanks to approval by the China Insurance Regulatory Commission (CIRC).
Headquartered in Chongqing, the company's Chinese operations received CIRC approval to prepare for a provincial branch in Hangzhou, Zhejiang province, the third-largest property and casualty insurance market in China, according to a Business Wire report.
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