Insurance Day Asia

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NEWS IN BRIEF

Beijing Tourism Group... is to sell its 11.03% stake in China Property & Casualty Reinsurance Co for 250.4m yuan ($32.9m), reports Xinhua. China Property & Casualty Reinsurance Co is currently 49.66% owned by China Reinsurance (Group), with 11.03% owned by Japan-based Toa Re. The remainder is distributed among various shareholders.

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