Tahoe Investment Group Company Limited, the parent company (“parent company”) of Tahoe Life Insurance Company Limited (Incorporated in Bermuda with limited liability) ("Tahoe Life" or the “Company"), entered into an “Acquisition Framework Agreement” with Tahoe Group Co., Ltd regarding the proposed acquisition of 100% shareholding in Everwin Enterprise (Hong Kong) Limited (“Everwin”). Everwin holds 100% shares of Thaihot Investment (Bermuda) Company Limited, where the latter holds 100% shares of Tahoe Life and 99.85% shares of Tahoe Life Insurance Company (Macau) Limited. Tahoe Life has made an inquiry to the parent company and confirmed that the parent company has discontinued the feasibility study of the asset restructuring, and the proposed acquisition involved in the restructuring has been terminated.
The business of Tahoe Life is operated as usual. The Company follows a robust risk management framework and a prudent investment strategy. The Company has a very solid financial position, and has maintained high liquidity so that we can fully fulfil the capital needs for policy claims and surrender upon maturity. Tahoe Life will continue to fulfil the terms and conditions of its insurance policies such as policy benefits, customer services, claims and underwriting. If you have any inquiries about the Company or your insurance policies, you can contact us at (852) 3767 8777 during our office hour (9:00 a.m. to 5:45 p.m.). You can also email us at cs@tahoelife.com.hk and we will revert to you within two working days.
Tahoe Life's operations and finances are subject to the supervision of the Insurance Authority in Hong Kong and the regulatory authority in Bermuda. We have close interaction with the regulators in order to safeguard the best interests of our policyholders.
