The NFRA has released a draft regulation outlining rules for the asset management business of trust companies, including a proposal to let insurers sell trust asset management products.
The merger is expected to significantly alter the group’s business profile, with potential implications for capital adequacy and financial performance over the coming years.
Japanese insurer has agreed a US$1.44bn deal to acquire a stake in US asset manager, aiming to diversify its investment income and boost capital efficiency as part of broader global expansion plans.
Fitch said policy surrender rates for KGI Life, Fubon Life, Nan Shan Life, Taiwan Life, and Cathay Life have remained stable, and that the insurers have taken steps to address currency risk.
