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Willis Gets Ownership In China Firm

Willis Group Holdings Limited said it received permission to increase its ownership in the Shanghai-based Willis Pudong Insurance Brokers Co., Ltd., to 51 percent, ...

By Mark E. Ruquet | Updated on March 18, 2005

Willis Group Holdings Limited said it received permission to increase its ownership in the Shanghai-based Willis Pudong Insurance Brokers Co., Ltd., to 51 percent, the most allowed under Chinese law.

The insurance brokerage firm, headquartered in London, said it received written approval today from the China Insurance Regulatory Commission (CIRC) to increase its holding.

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