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Cathay Financial Holding Co (國泰金控) yesterday said it expects rate hikes by the US Federal Reserve and Taiwan’s central bank would boost returns on bond investments by its life insurance arm. The Fed on Wednesday raised its benchmark interest rate by three quarters of a percentage point, the largest increase since 1994, after hiking it by 25 basis points in March and 50 basis points last month. “With the Fed’s rate hikes, we have seen the yields of bonds US 10-year Treasury, 30-year Treasury, or investment-grade corporate bonds rise by 150 to 200 basis points, which should boost our ....
The depreciation of the New Taiwan dollar against the US dollar and increases in bond yields in the first quarter helped Cathay Life Insurance Co (國泰人壽) maintain decent investment returns, despite a global stock market correction, the insurer said yesterday. The flagship arm of Cathay Financial Holding Co (國泰金控) reported an after-hedging investment return of 4.74 percent, down from 6.31 percent a year earlier, but still the second-highest figure for the first quarter, the insurer said. While last year’s record investment returns were driven by an equity boom, this year’s came from lower foreign-exchange hedging costs, capital gains and higher yields ....
The Russian government has paid Cathay Life Insurance Co (國泰人壽) interest in US dollars for a bond that matured on Wednesday last week, indicating that the life insurer’s exposure to Russian bonds might be lower than expected, the company told an investors’ conference in Taipei. The announcement came amid investor concerns that Russia might default on bonds held by the insurer, after Moscow said it would pay bondholders with rubles instead of US dollars, regardless of the terms of the bonds. “The payment in US dollars was surprising, as we were not expecting any interest payment for the Russian bonds within ....
Stock market boom lifts Cathay Life's investment return taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Commission mulls keeping online sales of insurance policies after pandemic taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.