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  1. China Life Insurance

    Posted Jun 26th 2006, 12:00am by Staff Reporter

    ... The group's principal activities are the provision of individual and group life insurance, accident and health insurance and asset management. Operations are carried out in China. ...

    http://www.scmp.com/article/554259/china-life-insurance
  2. Diversity the key at NY Life

    Posted Feb 15th 2006, 12:00am by Andy Chen

    ... Andy Cheng New York Life Insurance Worldwide expects its Hong Kong business to diversify further this year, driven by demand for investment-linked products, according to company ... cent last year. The company's core business of life insurance, which contributed 82 per cent of its US$126.5 million revenue last year, would make up 75 per cent of this year's ...

    http://www.scmp.com/article/536493/diversity-key-ny-life
  3. PCI nets $102m on higher returns, sales

    Posted May 12th 2006, 12:00am by Enoch Yiu

    ... Enoch Yiu Strong returns on investments and increased sales of new life policies saw Pacific Century Insurance Holdings report a net profit of $102.5 million in the first quarter, compared ... earning about 5 per cent.' The insurer has reduced its bond holdings in favour of cash deposits. The strong profit in the first quarter was also driven by new sales. The company sold new life ...

    http://www.scmp.com/article/548383/pci-nets-102m-higher-returns-sales
  4. China Life diversifies into general insurance

    Posted Oct 26th 2006, 12:00am by Staff Reporter

    ... Amy Gu in Beijing China Life Insurance, the mainland's largest insurer, plans to set up a general insurance venture with a registered capital of one billion yuan as part of its plan to transform into a diversified financial services group. The life insurer will spend 400 million yuan taking a 40 per cent stake in the new property and casualty insurer, while its parent, China Life ...

    http://www.scmp.com/node/569058
  5. BOCHK to pay $900m for life insurance unit

    Posted Apr 12th 2006, 12:00am by Staff Reporter

    ... Maria Chan BOC Hong Kong (Holdings) has agreed to pay its parent company $900 million for a majority stake in a life insurance unit as the bank implements the first stage of its plan ... and enhance our profit margin,' Mr Lam said. 'As we have a customer base of 2.5 million, there is a lot of room for developing wealth management business and life insurance is a key ...

    http://www.scmp.com/article/544415/bochk-pay-900m-life-insurance-unit
  6. Change in attitude creates opportunities for life insurers

    Posted Jan 14th 2006, 12:00am by John Cremer

    ... brought about new opportunities and increased competition. Denny Chan, director of life business for the Zurich Insurance Group (Hong Kong), said: 'The life insurance market is expected ... John Cremer ONE LESSON THAT people in Hong Kong learned from the Asian economic crisis and the Sars outbreak is that it pays to have sufficient insurance of the right kind. After ...

    http://www.scmp.com/node/532859
  7. Accused killer 'made insurance query'

    Posted Feb 11th 2006, 12:00am by Staff Reporter

    ... the night before, then strangling her to death early the next morning. The court was told Lau had taken out two life insurance policies, together worth $1.1 million to Leung upon her death. Leung Mei-lan, who was district manager of AIA Company (Bermuda) in 2003, testified yesterday that Lau had taken out three AIA life insurance policies for herself and her children since 1992. ...

    http://www.scmp.com/article/535975/accused-killer-made-insurance-query
  8. Brokerages set up to con $18m, court hears

    Posted Jun 28th 2006, 12:00am by Staff Reporter

    ... Yvonne Tsui Three people set up two insurance brokerages to swindle $18 million in sales commissions from New York Life Insurance and CMG Asia, a court heard yesterday. Ting Yuen-man, 37, Barbara Lou Sun-yee, 38, and Lai Wai-ho, 31, deny a joint charge of conspiracy to defraud by inducing New York Life to pay commission to Silver World. Ting and Lou also deny another count ...

    http://www.scmp.com/article/554503/brokerages-set-con-18m-court-hears
  9. Youngest legislator to call time after 10 years as envoy

    Posted Jun 06th 2006, 12:00am by Enoch Yiu

    ... proposals to Mr Chan but in the end he opted to take a 10 per cent stake in Cambodia Life, the country's first life insurance company, for about $5 million. The insurer is 50 per cent owned ... ago as the insurance sector's representative. 'In two years I will have had a seat for 10 years and that is enough. It is time to let other people take it,' he told White ...

    http://www.scmp.com/article/551718/youngest-legislator-call-time-after-10-years-envoy
  10. Insurers cleared to invest billions in projects

    Posted Mar 21st 2006, 12:00am by Staff Reporter

    ... largest infrastructure projects. Effective immediately, life insurance companies will be able to invest up to 5 per cent of their total assets in infrastructure projects. Non-life insurers ... , especially life insurance companies, and banks for the limited supply of long-term government bonds to match their long-term liabilities. Based on the insurance sector's combined total assets ...

    http://www.scmp.com/article/541253/insurers-cleared-invest-billions-projects

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