Dajia Renews Efforts to Offload Assets of Fallen Insurer Anbang, Sources Say

Dajia Insurance Group Co. Ltd., the state-owned company set up to rescue Anbang Insurance Group Co. Ltd., is looking for buyers for two subsidiaries, sources with knowledge of the matter told Caixin, the latest effort by the bailout fund that controls the group to offload its assets.

News of the possible disposals has emerged as the two units — Dajia Property and Casualty Insurance Co. Ltd. and Dajia Annuity Insurance Co. Ltd. — released reports showing they made a loss last year, although at the end of 2023, both met regulatory thresholds for their core and comprehensive solvency ratios.