BRIEF-FFP places EUR 155 mln in 8 yr bonds
* PLACEMENT CONSISTS OF €155 MILLION OF BONDS MATURING IN JULY 2025 PAYING AN ANNUAL COUPON OF 2.500%.
BEIJING Feb 14 The Chinese insurance sector's total premium income in 2016 rose 27.5 percent from a year earlier to 3.1 trillion yuan ($450.16 billion), the insurance regulator said on Tuesday.
The sector's total assets stood at 15.12 trillion yuan at the end of 2016, a 22.3 percent increase from the start of the year, according to a document released by the China Insurance Regulatory Commision ahead of a press conference in Beijing. ($1 = 6.8864 Chinese yuan) (Reporting by Shu Zhang and Nicholas Heath; Editing by Subhranshu Sahu)
* Intesa Sanpaolo's acquisition of good assets of failing banks Veneto Banca and Banca Popolare di Vicenza is credit positive because they will increase the bank's current client base and unlock economies of scale