BIZCHINA> Reports
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BIZCHINA> Reports
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CITIC-Prudential to insure China Open
By Song Hongmei (chinadaily.com.cn)
Updated: 2006-09-08 14:02 CITIC-Prudential Life Insurance Co will insure the China Open tennis tournament with a policy valued at 400 million yuan (US$50.4 million). CITIC-Prudential will provide insurance services for players, staff, volunteers and audiences of the annual tennis event. In addition to having the organizing committee and its staff covered against public liability and accident risk, the Sino-British joint venture will provide a maximum coverage of 50,000 yuan group accident insurance for ticket-holders. The 2006 Tennis China Open, sponsored by the General Administration of Sport and the Beijing Municipal Government, will run from September 9 to 24. The China Open, which aims to become the fifth tennis open tournaments worldwide after the Australia Open, Wimbledon Open, French Open and US Open, will hand out a total of US$110,000 in prize money. ... The full text is available in the September Issue ofChina Insurance (For more biz stories, please visit Industries)
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