外资独资保险，再添一家

Core Viewpoint - The transformation of Starr Property Insurance Company into a wholly foreign-owned insurance company reflects the ongoing trend of foreign investment in China's financial market and the country's commitment to high-level opening-up in the financial sector [2][3]. Group 1: Company Overview - Starr Indemnity & Liability Company has acquired a 0.78% stake in Starr Property Insurance Company from Shanghai Jinjiang International Investment Co., resulting in Starr Property becoming a wholly foreign-owned entity [1][2]. - Following the acquisition, Starr Indemnity holds 80% of Starr Property's shares, while Starr Insurance & Reinsurance Company retains 20% [2][3]. - Starr Property Insurance, originally established in 1995 as Dazhong Insurance, struggled with losses until it began attracting investment in 2009, leading to the entry of Maurice R. Greenberg's Starr International [2][3]. Group 2: Industry Context - The shift from joint venture to wholly foreign-owned insurance companies is part of a broader trend, with several companies, including Allianz Life and HSBC Life, making similar transitions since 2019 [3][4]. - The Chinese insurance market has seen a surge in foreign investment, with various foreign entities establishing wholly-owned subsidiaries and expanding their operations in recent years [4][5]. - Regulatory approvals for foreign insurance firms have increased, with notable examples including Prudential and the establishment of Allianz Insurance Asset Management Company [5].