1998 October | Life Insurance

Archive for October, 1998

TAIWAN’S CATHAY LIFE SEEKS BERMUDA SUBSIDIARY OFFICE

The largest life insurance company in Taiwan is broadening its horizons, hoping to establish a subsidiary in Bermuda, offshore home to numerous insurance firms.Cathay Life Insurance Co. will be the first from Taiwan to operate an overseas venture, a spokesman said. Assuming approval from Taiwan’s finance ministry, Cathay Life expects to invest $1.25 million in […]

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October 28th, 1998 | Posted in Life Insurance | No Comments

SUMITOMO LIFE CHIEF: RECENT YEN RISE TOO RAPID

Sumitomo Life Insurance Co. President Koichi Yoshida said last week that the yen’s recent rise against the U.S. dollar is ”too rapid.” ”It is nothing unusual for exchange rates to fluctuate in a 20 percent to 30 percent range, but the yen’s recent movement is beyond that range,” Mr. Yoshida said. Mr. Yoshida, who concurrently […]

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