News  Sources

A Chinese firm bought an insurer for CIA agents - part of Beijing's trillion dollar spending spree

A Chinese company, Fosun Group, quietly acquired Wright USA in 2015, an insurer that provided liability coverage for agents from United States intelligence agencies. This raised alarms as the insurer held sensitive personal information about intelligence personnel, and the ownership change went largely unnoticed at the time. The purchase was part of a broader trend, with Chinese state-linked money investing heavily in assets across the United States and other wealthy nations. New data reveals the scale of these acquisitions, which have prompted tighter regulations in recent years to protect sensitive sectors.

Original article source: https://www.bbc.com/news/articles/c4g311jn1m9o?at_medium=RSS&at_campaign=rss
Source Id: 8960652697

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox