Li insurance

Social insurance system – Liechtenstein Wirtschaft

Workers in Liechtenstein's companies enjoy a social insurance system that both covers a range of risks and is in some cases also co-financed by their respective employers. Pillars one and two are mandatory, while pillar three is voluntary. Pillar one: AHV, IV, FAK and ALV Pillar one of the social insurance system is mandatory state insurance designed to safeguard the livelihood of all people living or working in Liechtenstein. Those who work in both Liechtenstein and a neighbouring country must pay social insurance contributions on their entire income in the country they live in. Pillar one comprises: old age and survivors' insurance (AHV) disability insurance (IV) family allowances fund (...

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LI Firm Breaks World Record For Life Insurance Policy

LI Firm Breaks World Record For Life Insurance Policy Archer Financial Group Chairman Tom Archer A New York based insurance advisor has sold an insurance policy to someone in the entertainment industry that tops the amount listed by Guinness World Records by nearly $100 million, records show. The Archer Financial Group, which specializes in life insurance for the wealthy, was contacted by Guinness last week to start the process of updating the record. Guinness World Record lists $201 million as the “most valuable life insurance policy” sold, but Tom Archer surpassed that amount with policies with payouts of $235 million-dollar and $295 million-dollar. Dovi Frances, managing partner of Santa...

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Richard Li s insurance firm gains, while HKT shares fall in HK$1b deal, South China Morning Post

Richard Li Tzar-kai has once again shown his deal-making savvy in a transaction between prominent businesses he controls, in this case insurance group FWD, and HKT Trust and its operating arm HKT, the city's largest telecommunications network operator. The Hong Kong-based insurer's subsidiary, FWD Life Insurance (Bermuda), yesterday sold the group's entire 1.6 per cent stake in HKT Trust and HKT for HK$1.1 billion, according to media reports. That divestment marked FWD's second successful transaction in the market this year, following its issue of US$325 million in 10-year bonds last month, but may have led to a near-term hit on the telecommunications giant's shares. Investors seemed...

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Hong Kong's Richard Li to tap ex-AIA deputy as new insurance CEO-sources, Reuters

HONG KONG, Aug 15 (Reuters) - Hong Kong businessman Richard Li, the youngest son of Asia’s richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the move. Li will hire Huynh Thanh Phong, previously one of three deputies to AIA CEO Mark Tucker, to run the upstart insurer, known as FWD. Before AIA, Phong worked at British insurer Prudential Plc and Temasek Holding’s Fullerton Financial Holdings. Li is coming back to the Asian insurance industry after selling a Hong Kong insurance company he controlled to Fortis in 2007. Last October, Li paid $2.14 billion in cash for ING’s Hong...

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China Life Insurance Company - Wikipedia

China Life Insurance Company China Life Insurance Company Limited (short China Life, Chinese : 中国人寿保险 ; pinyin : Zhōngguó rénshòu bǎoxiǎn ) is a Beijing -based China -incorporated company that provides life insurance and annuity products. China Life is ranked No. 94 on Fortune 2015 Global 500 Company list. China Life, which is 70% state-owned, is the biggest life insurer in China, but is coming off a few rocky years. China's insurance market attracted dozens of new competitors after the Chinese government liberalized it, and China Life's market share has fallen by almost half since 2007, from 50% to around 26%, according to Morningstar. The company is completing a major...

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