Cathay Life Insurance formally entered the local life insurance market yesterday with a total investment capital of US$60 million. Cathay Life, a subsidiary of the Cathay Financial Holdings Group (TAIEX:2882) of Taiwan, officially obtained its business licence in Vietnam in December 2007, and plans to maintain offices in both Hanoi and Ho Chi Minh City.Cathay will provide insurance products for customers such as life, accident, annuity, health and risk-linked investments.
news source : http://www.tradingmarkets.com/
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