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China Joint Venture Expands

By Staff Writer

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CIGNA & CMC Life Insurance Company Ltd. has opened a branch office in Hangzhou, Zhejiang.

CIGNA & CMC, Shenzhen, is a joint venture that specializes in direct distribution of life, accident and supplemental health insurance products in China.

The Hangzhou office is the fourth branch CIGNA & CMC has opened, according to CIGNA Corp., Philadelphia.

An affiliate of CIGNA is one of the owners of CIGNA & CMC. The other owner is an affiliate of China Merchants Holdings (International) Company Ltd., Hong Kong.