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Previous rankings and editorial: [2010] [2011]
By Sophia HsiehTsar & Tsai Law FirmTel: +886 2 2781 4111 Fax: +886 2 2721 3834 Website: www.tsartsai.com.tw
In the wake of the departure of several foreign insurance companies in recent years, and especially the sale of Nan Shan Life (the life insurance vehicle of AIG in Taiwan) subsequent to AIG’s liquidity crisis in late 2008, the Financial Supervisory Commission (FSC) announced in late 2010 its so-called ‘five principles’. These set out criteria for potential buyers of insurers in Taiwan. They are: