The Chinese company Anbang will continue under the name Dajia Insurance. The new insurance company Dajia, founded by the Chinese government, takes over all insurance activities from Anbang, which became discredited due to a major fraud case in which the top manager disappeared.

The Chinese financial sector regulator announced on Thursday that it had given the green light for the acquisition by Dajia. Vivat has already reached an agreement on the sale of the Dutch Vivat to industry partner NN Group and investor Athora.

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