June 13, 2017 / 6:28 PM / 3 months ago

Chinese insurer Anbang says chairman no longer able to fulfil duties

NEW YORK, June 13 (Reuters) - Chinese insurer Anbang Insurance Group Co Ltd said on Tuesday its chairman was no longer able to fulfil his duties within the company for “personal reasons.”

Anbang offered no further details, but said it was business as usual within the company.

Anbang has emerged as one of China’s most aggressive buyers of overseas assets in the past two years, spending more than $30 billion acquiring luxury hotels, insurers and other property assets. (Reporting by Matthew Miller in Beijing and Koh Gui Qing in New York; Editing by Bernadette Baum)

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