Dehua angu Life Insurance Co., Ltd. is a national life insurance company approved by China Insurance Regulatory Commission and jointly funded by Shandong State-owned Assets Investment Holding Co., Ltd., Germany Angu Insurance Group Co., Ltd. and Germany Angu Life Insurance Co., Ltd., which was established on July 22, 200013 and headquartered in Jinan with an initial registered capital of 600 million yuan. It is the first national life insurance company headquartered in Shandong.
Chinese shareholder-Shandong State-owned Assets Investment Holding Co., Ltd. (Shandong SDIC):
Is a large state-owned investment holding company funded by Shandong SASAC;
It is the investment and financing platform, property right trading platform and non-performing assets disposal platform of Shandong Provincial People's Government. By the end of 20 15, the total assets were nearly 40 billion RMB.
Foreign shareholder-Germany Angu Insurance Group:
It is a wholly-owned company of Munich Reinsurance Group with a history of over 150 years. It is one of the major insurance groups in Europe and is in a leading position in Germany.
Angu Group is a subsidiary of Munich Reinsurance Group in Germany.
Munich Reinsurance Group is one of the largest reinsurance companies in the world. Founded in 1880, it is one of the top 500 enterprises in the world.