|By Rebecca Ng|
|A.M. Best Company, Inc.|
Huan, 62, has been with the
He is also president of Asian private equity fund
To further boost its solvency ratio, New China Life said in February it proposed to issue up to
Both fund-raising plans will be subject to approval of the shareholders of New China Life at an extraordinary general meeting on
New China Life, the fourth-largest Chinese life insurer in terms of gross premiums as of
The insurer earlier had said if it fails to satisfy the regulatory requirements regarding the solvency margin ratio, the regulatory authorities may impose limitations on its business operations and investment activities, which may have a "material adverse effect" on its business, results of operations and financial condition (Best's News Service,
New China Life reported accumulated gross premium income of
|Copyright:||(c) 2012 A.M. Best Company, Inc.|
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