CTBC Insurance Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/ctbc-insurance/ Thu, 27 Jul 2023 10:29:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 CTBC Insurance announces US$95m capital reduction plan https://insuranceasianews.com/ctbc-insurance-announces-us95m-capital-reduction-plan/ Thu, 27 Jul 2023 06:03:01 +0000 https://insuranceasianews.com/?p=130450 The proposal is to offset losses following claims from Covid policies sold last year and the capital reduction will have no impact on its capital adequacy and net worth ratios.

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CTBC Insurance’s board of directors has announced an NT$3 billion (US$95 million) capital reduction plan to offset company losses, according to a company announcement.
The Taiwanese non-life insurer w...

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The post CTBC Insurance announces US$95m capital reduction plan appeared first on InsuranceAsia News.

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