Corporate Update | Tahoe Life

Corporate Update

Find out the latest news and update.

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Tahoe Life Corporate Statement

2022-06-17 | Corporate update

In regard to the recent enquiries on the judgment of the winding-up petition against Everwin Enterprise (Hong Kong) Limited (“Everwin Enterprise”) filed with the High Court by its creditor, Tahoe Life Insurance Company Limited (Incorporated in Bermuda with limited liability) (the “Company” or “we”) would like to respond as follows: Everwin Enterprise is a wholly-owned subsidiary of Tahoe Investment Group Company Limited. Everwin Enterprise holds 100% shares of Thaihot Investment (Bermuda) Company Limited, where the latter holds 100% shares of the Company. The Company's business operations and financials are independent of Tahoe Investment Group Company Limited and its subsidiaries (including Everwin Enterprise, Thaihot Investment (Bermuda) Company Limited and Tahoe Group Company Limited (listed on the Shenzhen Stock Exchange)). The Company’s day-to-day operations are supervised by our professional management team which is independent of Everwin Enterprise. No Everwin Enterprise director serves on the Board of the Company. The Company is an insurance company regulated by the Insurance Authority in Hong Kong (“Insurance Authority”) and the regulatory authority in Bermuda. We have a solid financial position. Our current solvency ratio maintains at a level compliant with regulatory requirements. The Company has sufficient capital and liquidity to fully fulfil the capital needs for policy claims and surrender upon maturity. We have been following a robust risk management framework and a prudent investment strategy in accordance with the requirements of the Insurance Authority and the regulatory authority in Bermuda. In addition, we have strictly complied with the regulatory measures imposed by the Insurance Authority on the Company, including prohibiting any transfer of our bank deposits or assets outside Hong Kong or the provision of financial assistance to any specified institutions or individuals, and also requiring the Company to focus mainly on quality investments to ensure the liquidity, security and stability of our assets in place and to safeguard policyholders' interests. We will continue to strictly comply with the requirements set out by the regulatory authority to ensure that our policyholders’ benefits are not affected, including the Everwin Enterprise case. The Company is maintaining our operations as usual and we will continue to fulfil our obligations under all insurance policies including policy benefits, claims, underwriting and customer services, with all terms and conditions remain unchanged for our customers. The Company has also temporarily ceased underwriting any new business from 8 February 2021. We will continue our discussion with reputable potential investors with robust financial strengths on the future direction of business development, the long-term goals and the details of the transaction. We aim to consummate and implement the collaborative mechanism and operating model in the near future so as to maximise synergies and bring the greatest benefits to investors, customers and all stakeholders. Protecting policyholders’ best interests has always been the top priority at Tahoe Life. We will continue to serve all customers professionally as usual. Customers can contact us at our Customer Service Hotline (852) 3767 8777 or email us at cs@tahoelife.com.hk for any inquiries.

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Green Power Hike For A Green Future Competition 2022

2022-03-29 | Corporate update

Tahoe Life recently participated in the Green Power Hike For A Green Future Competition for the second year. The Company formed a volunteer team for the hiking competition and we proudly won the Outstanding Green Award by showing our support in donating funds to the charitable institution Green Power. In order to ensure the health and safety of our colleagues during the pandemic, our volunteers hiked and ran along the Hong Kong Trail separately instead of teaming up in a big group like we did last year. This year, our team has doubled its size and has achieved very impressive results. With the total hiking distance of 385 km achieved by 23 team members, our team is ranked fourth in the Active Green Award - HKFI Cup and fifth in the Green Enthusiast Award - HKFI Cup! A big thank you to the team for spending the Volunteer Service Leave offered by the Company and personal time to participate in the competition. The Company embraces corporate social responsibility as our long-term commitment. Through participating in this event, the Company aims to contribute to the sustainable development of the society and to support Green Power for their environmental education work and environmental awareness promotion.

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Tahoe Life joined Benchmark Sustainable Wealth Forum

2021-05-28 | Corporate update

General Manager, Distribution and Life Management, Ms Virginia Wong, and Chief Marketing Officer, Ms Jenny Chau, are invited to represent Tahoe Life to join the Sustainable Wealth Forum organised by the Benchmark Magazine. Virginia shares how Tahoe Life developed our unique Captain Cool Children Savings Plan by putting ourselves in parents’ shoes and integrating social responsibility into the product. She also highlights the intact protection offered by MultiGuard Critical Illness Protection Plan. Jenny, on the other hand, explains how Tahoe Life puts our brand motto “Craft a brilliant future for our customers” into action through our products and services. Our efforts in helping our customers fight against the COVID-19 pandemic and donating masks to students with special needs are also recognised in the forum. Click here to watch the full forum

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Green Power Hike For A Green Future Competition

2021-03-18 | Corporate update

Tahoe Life has recently participated in the Green Power Hike For A Green Future competition. Our colleagues formed a volunteer team and took the Volunteer Service Leave to join this hike. Starting from To Tei Wan to Tai Long Wan, we completed the 7.2-km Dragon’s Back trail of the Hong Kong Trail Section 8. While exploring the beauty, the volunteer team also put the “Leave no trace” concept into practice by picking up trashes left by other hikers, bringing our own drinking water with reusable bottles and carrying our own waste to the urban area. What makes the event more meaningful is that we could raise fund for Green Power as well as restoring the cleanliness of the countryside. The company embraces corporate social responsibility as our long-term commitment. By offering Volunteer Service Leave, the Company encourages colleagues to serve the community and to live a healthy lifestyle. 綠色力量環島行慈善行山比賽

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Capital Weekly Interview - Tahoe Life is standing by its customers to overcome every difficulty

2021-01-07 | Corporate update

Tahoe Life’s General Manager, Distribution and Life Management, Ms Virginia Wong, is recently interviewed by the Capital Weekly. In the interview, she shares the conception of developing Tahoe Life’s Captain Cool Children Savings Plan, the Company’s digital transformation journey and its efforts in helping customers fight against the COVID-19 pandemic. She expresses that the Company is committed to striving for service excellence, standing by its customers to overcome every difficulty, and becoming a strong and reliable backing for them. Click to read more about the interview (in Chinese)