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BRIEFING - ASIA INSURANCE - NOV 19, 2009

Posted on: Thu, 19 Nov 2009 03:08:00 EST

Symbols: LFC

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Nov 19, 2009 (AsiaPulse via COMTEX) --
LFC | Quote | Chart | News | PowerRating -- An executive briefing on insurance for Nov 19, 2009,
prepared by Asia Pulse (http://www.asiapulse.com), the real-time,
Asia-based wire with exclusive news, commercial intelligence and
business opportunities.

CENTRAL HUIJIN TO TAKE OVER NEW CHINA LIFE INSURANCE SOON

BEIJING - Central Huijin Investment Co.,
Ltd. is to spend four billion yuan (US$585.9 million) to take
over 38.8 per cent of the stake in New China Life Insurance
Co., Ltd. from China Insurance Security Fund Co., Ltd.,
according to market rumors.

Central Huijin, an investment arm of the China Investment
Corporation, China's sovereign wealth fund, promised a lock-up
period of five years for these shares.

TAIWAN'S CHINATRUST TO BUY 30% IN AIG'S FORMER TAIWAN ARM

TAIPEI - Taiwan's ChinaTrust Financial
Co. (TAIEX:2891), which lost a bid to acquire ailing American
insurer AIG's Taiwan life insurance unit Nan Shan Life
Insurance Co., said Tuesday it has agreed to buy a 30 per cent
stake in the unit for US$660 million.

Taipei-based ChinaTrust, the island's largest credit-card
issuer, had bid to buy Nan Shan from AIG last month, but lost
the bid to a consortium led by Hong Kong's Primus Financial
Holdings and Hong Kong-listed investment firm China
Strategic.

For full details on China Life Insurance Company Limited ADS (LFC) LFC. China Life Insurance Company Limited ADS (LFC) has Short Term PowerRatings at TradingMarkets. Details on China Life Insurance Company Limited ADS (LFC) Short Term PowerRatings is available at This Link.

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