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  • November 21, 2014
  • Last updated: 10:26am
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  1. Business - Money - INSURANCE

    Yuan life insurance policies to remain popular in Hong Kong despite depreciation

    Posted May 19th 2014, 03:22am by Enoch Yiu

    ... to remain popular The depreciation of the yuan in recent months did not hurt sales of yuan life insurance policies as buyers are eyeing the longer-term growth of the currency, according to industry players. BOC Group Life Assurance chief executive Terry Lo Kin-wing said half the new life insurance sales at his company still came from yuan policies during the first quarter, similar to Hong ...

  2. Sars becomes HK insurers' second-biggest catastrophe

    Posted Jul 11th 2003, 12:00am by Enoch Yiu

    ... Kong Federation of Insurers (HKFI) survey showed 72 life-insurance claims were made for Sars victims, amounting to $101.45 million. Some policyholders held several policies. There were also 372 ... the past two years. In the case of Sars, however, Mr Lau believes higher premiums will not ensue in Hong Kong as life policies are mainly related to the mortality trend. Insurance Commissioner ...

  3. HSBC to set up life insurance venture with National Trust

    Posted Jun 10th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu HSBC Holdings has obtained approval from the China Insurance Regulatory Commission to set up a 50-50 joint-venture life insurance company with Beijing-based National Trust. HSBC Life Insurance will have a registered capital of 500 million yuan (HK$567 million) when it is established in the third quarter of the year. National Trust is a privately held trust company ...

  4. Business - Money - PENSIONS

    Insurers claim victory in fight for workers switching MPF providers

    Posted Jan 28th 2013, 12:00am by Enoch Yiu

    ... providers to join the insurer's pension plan, according to Roger Steel, Sun Life Hong Kong's chief executive. The company has attracted one in three of the nearly 31,000 employees who have ... Enoch Yiu enoch.yiu@scmp.com The sales forces of the insurance companies appear to be winning against the banks after MPF rule changes Insurers claim victory in fight for MPF switchers ...

  5. AIG may need some time to sell assets due to crisis, says Liddy

    Posted Dec 12th 2008, 12:00am by Enoch Yiu

    ... ways to cut expenses as well as seek buyers for AIG's assets so that it can repay the loans to the government. The company has said it would sell its Alico Japan, AIG Star Life Insurance and AIG Edison Life Insurance units in Asia. But its non-life businesses, including those operating in Hong Kong and Southeast Asia, are not for sale. Mr Liddy was in the city yesterday as part ...

  6. HSBC establishes insurance offices in the mainland

    Posted Sep 18th 2003, 12:00am by Enoch Yiu

    ... HSBC has set up six insurance representative offices on the mainland and hopes to be granted a licence to sell life and general insurance policies by 2006. The step takes the group closer ... business and at least US$5 billion in assets. HSBC has set up separate representative offices for life insurance and general insurance in Beijing, Shanghai and Guangzhou. An alternative approach ...

  7. MassMutual Asia up 28pc in first half as Sars boosts insurers

    Posted Jul 28th 2003, 12:00am by Enoch Yiu

    ... is an arm of United States-based MassMutual Financial Group, one of the world's largest life insurance and mutual fund firms. In Hong Kong, it is engaged in individual life insurance ... to be more aware of the need for family protection. This has helped our agents to sell more individual life policies,' Mr Chan said. Individual life insurance sales rose 20 per cent in the first ...

  8. AIG underwriting unit in Asia 'not for sale'

    Posted Sep 30th 2008, 12:00am by Enoch Yiu

    ... was looking to sell more than 15 businesses besides its international life insurance unit and US pension businesses to repay the loan. The report said no final decision had been made on what assets ... company, American International Assurance, the life insurance arm of AIG, surrendered their policies after AIG emerged as one of the victims of the US financial meltdown. Mr Walsh said AIU did ...

  9. China Strategic, Primus likely to bid for Nanshan

    Posted Aug 01st 2009, 12:00am by Enoch Yiu

    ... Nanshan Life Insurance. China Strategic said it could not give more information about the acquisition, as the discussions were in the preliminary stage and of a 'confidential nature'. ... money it received from United States taxpayers. Nanshan Life, Taiwan's second-largest insurer by assets after Cathay Life Insurance, was established in 1963. With booked total assets ...

  10. Insurers fear increase in licence fees

    Posted Jul 14th 2003, 12:00am by Enoch Yiu

    ... represented 0.14 per cent of the $1.54 billion premium income of Hong Kong's largest general insurer, Ming An Insurance. The contrast is even more obvious in the life-insurance sector. American International Assurance, the largest life-insurance company in Hong Kong, had a premium income of $117.73 billion - and paid only 0.00019 per cent of this for its licence fee. The smallest life insurer ...




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