MassMutual Asia keen to issue more yuan insurance policies
MassMutual Asia, the third insurer in Hong Kong to issue yuan insurance policies last year, wants to issue more yuan policies this year as policyholders seek to bet on a yuan appreciation. The company last year sold HK$200 million worth of yuan policies and has received requests from customers and agents to issue more this year, said Tay Keng Puang, managing director and chief executive of MassMutual Asia. Enoch Yiu