Anbang Insurance declared on October 13, 2014 that it had acquired Belgium’s FIDEA ASSURANCES, marking the first time for a Chinese insurance company to acquire 100% ownership of a European insurance company.
FIDEA is a renowned brand in the Belgian insurance market over a hundred years. It offers comprehensive insurance services to both individual and enterprise clients through its multi-layers distribution channels. FIDEA enjoys a comprehensive network, wide-range product series, a continuously ameliorated risk control system, and professional product design capacity, all of which enables the company to keep solvent for a long time.
After the acquisition, Anbang will provide better service for its clients in China and Europe synchronously by sharing client resources with FIDEA.
Since established, following the concept of treating customers as family members, Anbang has been engaged in improving customers’ experience to the utmost level. As a Chinese insurance group with an international vision, Anbang will deliver insurance services of life insurance, pension, health insurance, property & casualty insurance as well as asset management to its Chinese customers in Europe, following their steps of “going global”.
The group stated that in the future it would continue to seek appropriate insurance enterprises around the world, and by means of acquiring or cooperating with them, Anbang would establish a global service network to facilitate strategic synergy among its clients all over the world.