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Taiwan’s Shin Kong Life and Taishin Life finalise merger
Yahoo Finance· 2026-01-13 09:25
Group 1 - The merger between Shin Kong Life Insurance and Taishin Life Insurance was completed on January 1, 2026, with Taishin Life becoming the surviving entity but operating under the Shin Kong Life name [1] - The board of the merged company has appointed Paul Wei as chairman, Hung Shih-chi as vice-chairman, and Huang Min-yi as president [1] Group 2 - The total contractual service margin for the combined entity is projected to exceed T$250 billion ($7.9 billion), with total assets surpassing T$4 trillion [2] - The merger aims to unify product offerings and leverage distribution channels from both companies, focusing on cross-selling opportunities within TS Holdings [2] Group 3 - The merger combines Shin Kong Life's traditional insurance focus with Taishin Life's expertise in investment-linked and interest-sensitive products, allowing for a broader range of insurance and retirement planning solutions [3] - The company is preparing to comply with international standards such as IFRS 17 and the Insurance Capital Standard [3] Group 4 - Shin Kong Life plans to enhance its distribution network and adopt digital technologies, including AI and data analytics, while continuing its commitment to environmental, social, and governance matters [4] Group 5 - TS Holdings chairman Thomas Wu emphasized the distinct strengths of both companies and their shared commitment to professionalism, innovation, and sustainability in the life insurance and wealth management sectors [5]