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Shin Fu Life Insurance
Shin Fu Life Insurance is a insurance based in Taipei, founded 1993; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Shin Fu Life Insurance
Shin Fu Life Insurance is a Taiwan-based insurance company with a focus on Asia. It manages one fund.
General information
Firm type
Insurance
Year founded
1993
AUM
Undisclosed
Location
Region
Asia
Country
Taiwan
City
Taipei
Corporate office
Taipei, Taiwan
Principals
Teng Wen-chung (Eric Teng)
Founder and former Chairman
Sector focus
Frequently asked questions
Who ran investment decisions at Shin Fu Life Insurance?
Founder Teng Wen-chung (Eric Teng) controlled the firm as its Chairman and majority shareholder. His direction led the firm to accumulate a concentrated portfolio of prime Taiwanese real estate. Business partner Huang Cheng-yi served as Vice Chairman prior to the firm's collapse.
What happened to Shin Fu Life Insurance's assets?
In 2015, following Teng Wen-chung's conviction for embezzlement and money laundering, the Taiwan Insurance Guaranty Fund (TIGF) was appointed receiver. TIGF managed an auction process that resulted in Cathay Life Insurance acquiring the assets and liabilities of Shin Fu Life Insurance. The prized Xinyi District D3 plot was among the transferred assets.
What were the major real estate assets Shin Fu Life Insurance held?
The portfolio centered on the Xinyi District D3 plot and an adjacent parcel in Taipei, along with development land near the Greater Taichung high-speed rail station and a site in Hsinchu. The firm also maintained an offshore unit trust, SFIP-1, registered in Singapore and the Bahamas.
Does Shin Fu Life Insurance still operate?
No. Shin Fu Life Insurance ceased to exist as an independent entity in 2015. Its operating license, assets, and policyholder liabilities were transferred to Cathay Life Insurance after a government-managed insolvency process administered by the Taiwan Insurance Guaranty Fund.
How is the Taiwan Insurance Guaranty Fund relevant to Shin Fu's story?
TIGF acted as the statutory receiver and auction manager for Shin Fu Life Insurance when the firm became insolvent. It is a government-backed entity designed to protect policyholders and stabilize the insurance market by managing failed insurers and facilitating the transfer of their books to solvent acquirers like Cathay Life Insurance.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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