Thursday, November 23, 2017

Taiwan

Allianz to sell part of Taiwan life insurance portfolio

Allianz to sell part of Taiwan life insurance portfolio

The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.

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Taiwanese financial firms hit by falling insurance earnings

Taiwanese financial firms hit by falling insurance earnings

The sluggish performance of insurance companies is taking a toll on the nation’s top financial groups.

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Cathay Life posts profit of US$154 million in Q1

Cathay Life posts profit of US$154 million in Q1

The Taiwanese insurer reversed unrealised losses of US$120m in the fourth quarter to post a profit for this quarter.

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Taiwan further loosens offshore investment restrictions

Taiwan further loosens offshore investment restrictions

Domestic insurers will be allowed to allocate up to 40% of their assets to offshore investments.

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Cathay Life to raise overseas investments this year

Cathay Life to raise overseas investments this year

Amid a persistent low-yield environment, the Taiwanese insurer continues to search for higher returns abroad.

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Taiwan to restrict health insurance for overseas citizens

Taiwan to restrict health insurance for overseas citizens

A proposed amendment seeks to restrict access for Taiwanese who live abroad for more than six months.

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Taiwan uncovers US$9m health insurance fraud in 2015

Taiwan uncovers US$9m health insurance fraud in 2015

The National Health Insurance Administration has punished 383 hospitals, clinics and pharmacies.

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Taiwan legislators consider revision of insurance law

Taiwan legislators consider revision of insurance law

The existing law prevents insurance carriers from paying out compensation to beneficiaries under 15.

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Taiwanese majors suffer earnings plunge in January

Taiwanese majors suffer earnings plunge in January

Life firms reported a 40% decline in earnings after a brutal downturn on Taiwan’s stock market.

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Chaoyang Life placed under receivership in Taiwan

Chaoyang Life placed under receivership in Taiwan

The life insurer has consistently failed to meet the required capital adequacy ratio of 200%.

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Taiwan Life forecasts 6% premium rise under CTBC

Taiwan Life forecasts 6% premium rise under CTBC

The Taiwanese insurer said its total assets would swell to NT$1.6 trillion after the union with CTBC Financial.

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Fubon Life pays US$267m for stake in China United

Fubon Life pays US$267m for stake in China United

The acquisition will give the Taiwanese insurer an opportunity to expand its footprint in China.

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Cathay Life invests further US$900m in logistics sector

Cathay Life invests further US$900m in logistics sector

The Taiwanese firm has broke ground on another logistics facility in Taichung’s Wuri District.

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Fubon gets green light to buy stake in Hyundai Life

Fubon gets green light to buy stake in Hyundai Life

Korea’s Financial Services Commission has approved the purchase of a 48% stake.

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Moody’s upgrades Taiwan’s Cathay Life

Moody’s upgrades Taiwan’s Cathay Life

Structural improvement in its profitability prompts upgrade to insurance financial strength rating.

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Taiwanese insurers cleared to buy 100% of Vietnamese banks

Taiwanese insurers cleared to buy 100% of Vietnamese banks

Taiwan’s FSC Chairman Tseng Ming-chung announced the development after a trip to Vietnam.

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Fubon Life set to acquire London building for US$715m

Fubon Life set to acquire London building for US$715m

The Taiwanese insurer continues to snap up London properties as it seeks to diversify its portfolio.

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Taiwan trims yield requirement for property investments

Taiwan trims yield requirement for property investments

The FSC has cut insurers’ mandated yield from domestic commercial real estate to 2.555%.

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