Anbang hunts for new deals while digesting old ones

Anbang Insurance Group Co will focus on integrating its overseas purchases such as South Korea's Tongyang Life Insurance Co as it continues to seek acquisitions, Vice-Chairman Yao Dafeng said in an interview on Tuesday.

The acquisitions will mostly cover insurers and banks, Yao said.

"We want to build up the existing synergies a bit first, and consider new deals when appropriate opportunities emerge," Yao said. "You can't just keep buying everyday. You need to also digest and absorb."