Firms To Watch: Insurance: PRC firms

Llinks Law Offices is geared to handle debt, equity, and asset-backed investment plans, real estate investments, corporate matters and rights issuance. Asset management and private equity investment specialist Yi Wang is a key contact.
Working closely with UK-based firm Linklaters, Zhao Sheng Law Firm acts for a wide range of clients, including domestic and international banks and insurance companies, which seek the practice for advise on M&A, bancassurance arrangements, investment plans and regulatory matters.

Insurance: PRC firms in China

Anjie Broad Law Firm

The sizeable insurance team at Anjie Broad Law Firm stands out for the breadth of its expertise, which spans M&A, compliance matters, the establishment of insurance institutions, and finance-related work. On the contentious front, the group is rated for its strength in high-stakes arbitration cases and judicial disputes, spanning life insurance, property, subrogation claims, reinsurance contracts and investment matters. Drawing on its collaborative network of partner firms in the US, UK, EU, Australia, Japan and South Korea, the group is well placed to handle cross-border mandates. Overseeing the practice is managing partner Hao Zhan, who works alongside Jia Wan, Xuelei Wang and Shanshan Wu, who have extensive experience in insurance litigation. Jun Chen is well versed in insurance asset management and investments. Bing Liang and Dan Yu are recommended for compliance matters, investment transactions and M&A.

Practice head(s):

Hao Zhan

Other key lawyers:

Jun Chen; Jia Wan; Xuelei Wang; Bing Liang; Shanshan Wu; Dan Yu

Testimonials

‘Dedicated team of lawyers who we have a very good experience working and collaborating with. They demonstrate exemplary competence and professionalism in managing our cases.’

‘The stand out lawyer I would like to highlight is Jia Wan.’

Key clients

Hyundai Insurance (China) Co., Ltd.

PICC Property & Casualty Insurance Co., Ltd.

China Continent Property & Casualty Insurance Co., Ltd.

LIG Property & Casualty Insurance (China) Co., Ltd.

Huatai Property & Casualty Insurance Co., Ltd.

Ping An Property & Casualty Insurance Co., Ltd.

Insurance Asset Management Association of China

Ping An Life Insurance Company of China

Swiss Reinsurance Co., Ltd. Beijing Branch

China Life Property and Casualty Insurance Company Limited

China Ping An Insurance Overseas (Holdings) Limited

Everbright Sun Life Asset Management Co.,Ltd.

Agricultural Bank of China Life Insurance Co., Ltd.

Work highlights

  • Represented Hyundai Insurance (China) Co., Ltd, PICC Property and Casualty Co., Ltd, China Pacific Property Insurance Co., Ltd, China Continent Property Insurance Co., Ltd, and LIG Property Insurance (China) Co., Ltd. (the five co-insurers) in an insurance subrogation case involving a fire incident, securing a favourable judgment from Jiangsu High Court.
  • Acted for Ping An Property & Casualty Insurance Co., Ltd. on a business interruption insurance dispute case, securing a favorable judgment at the Supreme People’s Court.
  • Advised Ping An Insurance (Group) Company of China, Ltd. and Ping An Life Insurance Co., Ltd. on a ¥50bn reorganisation investment deal with respect to Peking University Founder Group Co., Ltd.

King & Wood Mallesons

King & Wood Mallesons has a close relationship with major insurers, reinsurers, banks, and intermediaries operating in China, Hong Kong and the broader Asia Pacific region. Clients turn to the practice for assistance with a wide range of insurance transactions and disputes. Most recently, the team has been particularly busy handling large high-profile foreign investment mandates, restructurings, M&A and regulatory compliance. On the international front, the group is well placed to handle cross-border matters with offices in Beijing, Shanghai, Hong Kong and Sydney. Leading the team is Min Yuan, who is recommended for equity investments, M&A and regulatory compliance related to commercial property, casualty, and life insurance. Yuan works alongside Zhe Lin, who is especially sought after to advise on restructurings and rights issuance, and Yunjie Lai.

Practice head(s):

Yuan Min

Other key lawyers:

Yunjie Lai

Testimonials

‘The insurance team is made of absolute experts that know how to navigate the Chinese insurance landscape. They have a close relationship with the regulators which can be very valuable. The team is responsive and willing to go the extra mile.’

‘Associate Yunjie Lai is a superstar, she is highly responsive and practical in her advice and listens closely to clients’ requirements.’

Key clients

PICC Property and Casualty Company Limited

PICC Health Insurance Company Limited

PICC Life Insurance Company Limited

China Rong Tong Property & Casualty Insurance Co., Ltd.

Sunshine Property and Casualty Insurance Company Limited

China Life Asset Management Company Limited

Work highlights

  • Advised China Rong Tong Property & Casualty Insurance Co., Ltd. (Rongtong Property Insurance) on its establishment and daily legal compliance matters after its opening.
  • Acted for Sunshine Property and Casualty Insurance Company Limited on its issuance of ¥5bn redeemable capital supplement bonds.
  • Assisted China Life Asset Management Company Limited as its legal advisor in relation to the establishment of the China Life – Zhaojin Mining Creditors Investment Scheme, which intends to raise ¥3bn.

Jincheng Tongda & Neal

Jincheng Tongda & Neal attracts a strong following of international insurance companies seeking advice on entering the Chinese insurance market and assistance with licence applications, cross-border M&A, capital investment transactions, and regulatory compliance matters. The practice continues to build its dispute resolution capabilities, recently securing mandates from China Export Credit Insurance and Corporation Henan Brach. The team’s leadership is split between Elsie Shi, who has extensive expertise in compliance programmes, joint ventures and M&A, and George Hualiang Yu, who is qualified in China, New York and Hong Kong and focuses on foreign investment, private equity and VC transactions, and green-field applications. Also noted are senior associate Celia Luan, who is well versed in complex reinsurance arrangements, and associate Eileen Liu, who focuses on M&A.

Practice head(s):

Elsie Shi; George Hualiang Yu

Other key lawyers:

Eileen Liu; Celia Luan; Shuo Cai

Key clients

Allianz Group

ERGO Group

CCB Insurance Asset Management Co., Ltd.

PICC Capital Insurance Asset Management Co., Ltd.

CCB Life Insurance Asset Management Company Limited.

Work highlights

  • Advised Allianz Insurance Holdings Co., Ltd. on obtaining approval to open a wholly foreign-owned insurance asset management company.
  • Acted for ERGO on the setting up of a joint venture insurance brokerage company in China.
  • Assisted CCB Insurance Asset Management (ABS) in successfully registering a shelf quota of  ¥5bn.

Zhong Lun Law Firm

Zhong Lun Law Firm has a strong following of state-owned and privately-run insurance companies, asset management funds and reinsurers. Most recently, the group has been particularly busy handling direct and indirect equity investment transactions in the real estate sector as well as a wide range of disputes, including third party liability and indemnity claims. Antitrust and competition, IP and compliance matters are other areas of focus of the practice. The practice is jointly led Shanghai-based Zhisong He, who focuses on corporate governance, capital markets products and M&A, and Beijing-based Richard Zeng. Other key lawyers are Quigdao-based David Liu and Shanghai-based Chenbiao Li, who have extensive experience in representing clients in arbitration, litigation and mediation proceedings.

Practice head(s):

Zhisong He; Richard Zeng

Other key lawyers:

Chenbiao Li; David Li

Work highlights

  • Represented China Pacific Property Insurance Co., Ltd Dalian Branch in a claim for competition against the carrier of the goods after the insurance company paid the insured.
  • Acted for China Pacific Property Insurance Co., Ltd Beijing Branch in a claim against a defendant.
  • Assisted Taiping General Insurance Co., Ltd Yantai Branch with its defence strategy in a compensation claim.

Zhonglun W&D Law Firm

Zhonglun W&D Law Firm‘s insurance team often acts for a number of domestic and international insurance companies and financial institutions, including the People’s Insurance Group, China Taiping Insurance, AIA and Bank of China Insurance. The group is sought after to handle a wide range of matters such as regulatory compliance, foreign investment matters, and litigation. Zhengming Li is a key contact.

Other key lawyers:

Zhengming Li

DeHeng Law Offices

The insurance team at DeHeng Law Offices sits within the firm’s wider finance group, which makes it well placed to assist client with large-scale financing transactions, investments and M&A. Acting for a roster of insurance and reinsurance companies, state-owned enterprises and assets management funds, the practice is geared to handle insurance disputes and regulatory compliance. Insurance and M&A expert Jia Hui, who is qualified in both China and New York, leads the team, which includes Zhenghua Wang, who has extensive experience in handling insurance litigation, and Huazhen Huang, who focuses on investment and financing transactions.

Practice head(s):

Jia Hui

Other key lawyers:

Zhenghua Wang; Huazhen Huang

Key clients

Greatwall Life Insurance Co., LTD

GENERALI CHINA Management Co., Ltd

Dajia Insurance Group Co., Ltd

China Life Insurance Co., Ltd

China Life Insurance asset Management Company Limited

China Life Investment Insurance Asset Management Co., Ltd

Ping An Asset Management Co., Ltd

Taikang Asset Management Co., Ltd

Sun Life Everbright Asset Management Co., Ltd

New China Asset Management Co., Ltd

People’s life insurance company of China Limited

People’s health insurance company of China Limited

PICC Asset Management Co., Ltd

PICC capital insurance asset management Co., Ltd

China Life Property Insurance Co., Ltd

China property reinsurance Co., Ltd

China United Property Insurance Co., Ltd

Zheshang Property Insurance Co., Ltd

China Ping An Property Insurance Co., Ltd

Sino-Korea Life Insurance Co., Ltd

Work highlights

  • Advised Greatwall Life Insurance Co., LTD on its successful investment in Legend Capital Medical Health Fund launched and managed by Junlian Capital Management Company Limited.
  • Advised Generali China Life Insurance Co., Ltd on compliance matters.
  • Assisted Zheshang Property Insurance Co., Ltd. with an insurance recovery dispute with Guangdong Development Bank Huizhou Branch, involving of ¥110m.

Dentons

Dentons receives a strong flow of instructions from major banks, asset management and private equity companies, and insurers, which regularly seek the practice for assistance with a wide range of matters, most notably equity and debt investment transactions, restructurings and the application of insurance funds. The group also maintains a close relationship with regulatory bodies such as the China Banking and Insurance Regulatory Commission (CBIRC), making it well placed to advise on regulatory matters. The team is overseen by capital markets expert Jie Wang  and Hui Yu , who has extensive experience in the establishment of debt and equity investment plans, portfolio asset management products and real estate funds. Shanghai-based Guangrui Liu is well versed in financing structures and M&A, often acting for intermediaries, insurtech companies and investors.

Practice head(s):

Jackay Wang; Hui Yu

Key clients

China Life Asset Management Company Limited

China Life Investment Management Company Limited

China Life Pension Company Limited

China Life Capital Investment Company Limited

China Life Jinshi Asset Management Company Limited

PICC Asset Management Company Limited

PICC Capital Investment Management Co., Ltd

PICC Capital Insurance Asset Investment Management Co., Ltd

Sunshine Asset Management Corporation Limited

Taiping Asset Management Co., Ltd

ICBC-AXA Asset Management Company

Bocommlife Asset Management CO.,Ltd

Taikang Asset Management Co., Ltd

Work highlights

  • Advised investors including Taiping Asset Management Co.,Ltd. on the capital increase and share expansion project of China Huadian Capital Holdings Company Limited.
  • Acted for Sunshine Asset Management Corporation Limited on the Sunshine-Henan Jiaotou infrastructure debt investment plan project.
  • Advised Taiping Asset Management Co., Ltd. on the Taiping-Jimo Wanda Commercial real estate debt investment plan project.

Fangda Partners

Fangda Partners houses a sizeable team of insurance practitioners who demonstrate strong capabilities in financing transactions, M&A and regulatory matters, making it a popular choice for domestic and international insurers, fintech companies, PE firms and asset management funds seeking assistance with cross-border mandates. On the contentious front, the group is sought after to handle trials in Mainland China and as well as mediation proceedings. The group’s leadership is split between inbound and outbound investment specialist Jian Fang, and Zhiyi Ren, who is a key contact for foreign clients seeking advice on onshore business permits and regulatory matters. Also noted are Beijing-based Siyuan Pan, an expert in outbound acquisitions and corporate matters, and counsel Lily Yan.

Practice head(s):

Jian Fang; Zhiyi Ren

Other key lawyers:

Siyuan Pan; Lily Yan

Key clients

New China Life Insurance Company Ltd.

China Life Insurance(Group) Company

The People’s Insurance Company (Group) of China Limited

CCB Life Asset Management Co., Ltd.

China Ping An Life Insurance Co., Ltd.

MediTrust Health

Great Wall Motors

CPIC

Work highlights

  • Assisted China Ping An Life Insurance Co., Ltd. with its acquisition of a majority stake in the Raffles City portfolio, comprising six Raffles City commercial developments located in Shanghai, Beijing, Hangzhou, Chengdu and Ningbo.
  • Acted for an investor on the establishment of National Pension & Insurance Company Ltd., which is one of the largest pension insurance companies in China in terms of capital.
  • Advised Great Wall Motors on its acquisition of an insurance broker, including due diligence, deal structure design, contract drafting, and negotiations.

Global Law Office

Noted for its considerable expertise in both contentious and non-contentious matters, the insurance team at Global Law Office collaborates with a range of practice groups within the firm, including litigation, real estate, capital markets, and M&A, among others, to handle financing transactions, equity transfers, restructurings, coverage disputes and settlements. Yifeng Gao and Jingye Jiang have extensive experience in litigation and arbitration. Huawei Lin  is especially sought after to advise foreign clients on M&A and financing transactions. From Chengdu, Feng Sheng handles wealth management matters and tax issues. In Shanghai, Amy Dai is recommended for fund formation matters and PE and VC investment while Tim Yimin Liu and Ken Huang focus on dispute resolution.

Practice head(s):

Yifeng Gao; Jingye Jiang; Huawei Lin; Amy Dai

Other key lawyers:

Feng Sheng; Tim Yimin Liu; Ken Huang

Key clients

China Life Insurance (Group) Company

Daija Baoxian

Yi’an Property Insurance Co., Ltd.

X Capital

Weibo Internet Technology (China) Co., Ltd

Manulife Sinochem

Work highlights

  • Assisted China Life Insurance (Group) Company in setting up the China Life-LOGOS logistics investment fund, which has a fundraising target of ¥2.8bn.
  • Advised Daija Baoxian on the establishment of the Daija urban regeneration investment fund, which has a fundraising target of ¥1.2bn.
  • Acted for SINA on its investment in Trust Mutual Life Insurance Organisation.

Guantao Law Firm

With a strong presence in China, Guantao Law Firm has a strategic alliance with UK-based law firm Ashurst LLP, making the firm a port of call for both domestic and international clients. Key names in the insurance team are Mingye Zhao, who focuses on M&A and financing transactions as well as litigation and arbitration, and investment and restructuring specialist Weihong Tan.

Other key lawyers:

Mingye Zhao; Weihong Tan

JunHe LLP

The insurance team at JunHe LLP works in close conjunction with the firm’s M&A, banking & finance, litigation and capital markets practices to assist clients with a wide range of matters, including insurance and reinsurance disputes, equity investments, joint ventures and the establishment of funds. Practice head Liang Deng is especially sought after by state-owned insurance groups and medium-size regional insurance companies to advise on corporate governance, compliance matters, IPOs and litigation. Yinuo Zhang a is recommended for general corporate matters and inbound and outbound investment while Shanghai-based Xin Chen focuses on dispute settlements and D&O insurance.

Practice head(s):

Liang Deng

Other key lawyers:

Yinuo Zhang; Xin Chen; Shu Li

Testimonials

‘The Junhe team is very responsive and has good knowledge of the insurance industry. They have been instrumental in providing our team with regulatory and industry advice.’

‘Liang Deng is excellent to work with and provides very practical advice, with good understanding of the commercial goals that her clients wish to achieve.’

‘The team is very user friendly and able to provide clear and practical advice. It is on top of market trends and new regulatory developments, which is essential in advising on a highly regulated sector like insurance. The team also understands multinational companies and is able to offer solutions to practical issues faced by multinational when complying with the laws and regulations in mainland China.’ 

‘Liang Deng is well experienced and has impressive negotiation skills.’

‘Shu Li is always accessible, able to think outside of the box and delivers quick turnarounds.’ 

Key clients

AIA Group Limited

Work highlights

  • Assisted AIA Group Limited with its investment in China Post Insurance, including support with legal opinions, due diligence, negotiating and drafting contracts and acquiring approval from the regulatory authorities.

SGLA Law Firm

Based across Shanghai, Chongqing, Guangzhou and Chengdu, SGLA Law Firm is noted for its track record in successfully representing clients in complex disputes. In addition to its notable strength in litigation, arbitration and mediation, the practice is often sought after to advise on restructurings and insolvency proceedings. Co-practice head Paul Zhou focuses on insurance disputes and settlements. Co-practice head Leslie Shen is recommended for investment transactions, regulatory compliance and cross-border matters.

Practice head(s):

Paul Zhou; Leslie Shen

Key clients

China Minsheng Banking Corp., Ltd. Shanghai Branch

China Insurance Investment Co., Ltd

Zhonghai Trust Co., Ltd

Zhong Ou Asset Management Co., Ltd

China Eastern Airlines Co., Ltd

Shanghai World Expo Museum

China Continent Property & Casualty Insurance Co., Ltd

AXA Tianping P&C Insurance Co., Ltd

Work highlights

  • Advised Shanghai GL Elevator Co., Ltd in an accident compensation claim against GY Insurance.
  • Acted for China Continent Property & Casualty Insurance Co., Ltd Shanghai Branch on a property damage compensation claim.
  • Represented Sunshine Property and Casualty Insurance Co., Ltd Shanghai Branch in an insurance coverage dispute.  

Tian Yuan Law Firm

Tian Yuan Law Firm acts for domestic and international insurance firms, asset management companies, and intermediaries, on a wide range of matters, including investment transactions, takeovers, disposals, and regulatory compliance work. On the contentious side, fraud claims and coverage disputes are also drivers of activity for the practice. The team is jointly led by Wei Xu, who focuses on insurance M&A, financings and dispute resolution, and Zaizai Huang, whose expertise spans the establishment and merger of insurance institutions, governance matters and insurance subrogation claims.

Practice head(s):

Zaizai Huang ; Wei Xu

Key clients

Germany Ergo Insurance Group

Dajia insurance group co., Ltd

Everbright Asset Management Co., Ltd

Ping an asset management co., Ltd

Huaxia life insurance co., Ltd

PICC Capital Insurance Asset Management Co., Ltd.

National endowment insurance co., Ltd

China export credit insurance co., Ltd

People’s Insurance Company of China

China Life Insurance Company Limited

Work highlights

  • Assisted Anbang Group with its dissolution and proceedings with China Banking and Insurance Regulatory Commission.
  • Advised PICC Capital Investment Management Co., Ltd. on its transition to an insurance asset management company.
  • Represented Qinhuangdao branch of People’s Insurance Company of China in an insurance brokerage contract dispute with Beijing Zhongrui Huiyin Insurance Brokerage Co., Ltd.