June 1, 2010 (FinancialWire) — CNinsure Inc. (NASDAQ: CISG), a insurance intermediary company operating in China, said it has signed strategic partnership agreement with Taiping General Insurance Co., Ltd.

Under the agreement, both parties will work closely on product distribution, development of higher-margin customized products, data sharing as well as outsourcing of claims adjusting services.

China-based Taiping General, a subsidiary of China Taiping Insurance Group, is a national property and casualty insurance company operating in China. Its business covers property insurance, accident insurance, health insurance and reinsurance, among other lines.

China-based CNinsure is an independent insurance intermediary company operating in China. The company distributes a variety of property and casualty and life insurance products underwritten by domestic and foreign insurance companies operating in China, and provides insurance claims adjusting as well as other insurance-related services.

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