In “Swiss Re and Roche Team Up in China” (Companies & Industries, Nov. 26-Dec. 2, 2012), the description of the terms for the two companies’ cancer reinsurance agreement should have been attributed to Harald Sprenger, Roche Holdings’ director of private insurance. The story incorrectly attributed a statement about the intentions of the program to Roche Chief Executive Severin Schwan. Schwan said that international companies aren’t allowed to sell retail insurance in China, so Roche’s Swiss partner had to approach local insurers to get the program started.
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