CMIG President Li Huaizhen Met with Global Strategic Development Head of Aon Group Bryon Ehrhart to Explore the Global Insurance Market
On May 13, 2016, President of China Minsheng Investment Group (hereinafter referred to as “CMIG”) Li Huaizhen met with a group led by Bryon Ehrhart, Global Strategic Development Head of Aon Group and Chairman of Aon Securities, in Beijing to explore in-depth the development of the overseas and domestic insurance market. Vice President of CMIG Chen Guogang participated in the meeting.
Mr. Li Huaizhen introduced to Bryon Ehrhart the background against which CMIG was established, its development status home and abroad, and its plan for future development in the global market. Mr. Li said, CMIG is committed to providing quality financial services and an investment platform for the cross-border investment and asset allocation of private Chinese companies, and the company’s development model has attracted extensive attention from the industry home and abroad. CMIG has developed overseas development strategies that suit local conditions, building traditional financial platforms in mature markets in Europe and America while building industrial financial platforms in developing countries.
Bryon Ehrhart spoke highly of the achievements made by CMIG since its establishment, and introduced in detail to Mr. Li Aon Group’s insurance business development globally especially in China. Bryon Ehrhart noted that many investments made by CMIG overseas are very wise decisions. Since the 1990’s, Aon Group has followed the development of China’s insurance market, and actively sought development opportunities in China. Currently, Aon Group is looking for investment opportunities throughout the world, and hopes to explore cooperation with CMIG in the UK and even globally.
China’s private capital is coming to the fore on the international financial platform as an emerging investment subject and power. As a global investment group, since its establishment, CMIG has adhered to the development strategy of “One Body Two Wings”, continuously pooled domestic and overseas quality capital, facilitated the “going global” of China’s private capital and the introduction of international capital, and implemented the state’s “One Belt One Road” investment strategy.
CMIG is gradually orchestrating its business deployment in the global financial market. In April 2016, CMIG successfully completed its acquisition of Sirius Insurance, and will help Sirius to enter the Asian market expeditiously to jointly build a global financial platform. Before that, in June 2015, CMIG entered into a strategic cooperation agreement in London with Savills, the world’s leading real estate service provider, and has built two fund investment platforms in London. In April 2015, CMIG signed a strategic cooperation agreement with Lux International Aviation Group. In the future, the two partners will work together on acquisitions in the global business aircraft industrial chain.
Background information:
About CMIG:
CMIG is a large investment company established by 60 famous private companies in China with a registered capital of RMB50 billion. Focusing on two characteristics of industrial integration and full financial license, it leads the investment of China’s private capital and drives industrial economic transformation and upgrade. The company was established in Shanghai on May 9, 2014, and its business scope covers equity investment, equity investment management, business consultation, financial consultation, industrial investment, asset management, and investment consultation. International development has always been CMIG’s important business development direction. Currently, CMIG has set up subsidiaries in Hong Kong and Singapore, and has established a global advisory council.
About Aon Group:
Aon Group is a world leading insurance risk manager and broker, human resources consultant, and outsourcing service expert with over 500 offices in 120 countries. Aon Group is headquartered in London of the UK, and is listed on the New York Stock Exchange. Supported by the common efforts of more than 72,000 employees globally, Aon brings excellent value for customers through innovative and effective risk management and human resources management solutions.
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