Bulletin: Nan Shan Life Ratings Unaffected By Planned Acquisition Of AIG Taiwan

TAIPEI (Standard&Poor's) June 12, 2015--Standard&Poor's Ratings Services said today that its ratings and outlook on Nan Shan Life Insurance Co. Ltd. (local currency; A-/Stable/--, cnAA/--) are not affected by the insurer's plan to acquire AIG Taiwan Insurance Co. Ltd. for New Taiwan dollar (NT$) 4.9 billion using cash. In our view, the investment will have a minimal impact on Nan Shan Life's capitalization. The transaction amount would account for about 3% of Nan Shan Life's shareholders' equities as of the end of March 2015. We expect Nan Shan Life's risk-adjusted capital adequacy to have sufficient buffer to absorb the additional capital risks following the acquisition. The transaction is subject to regulatory approval. Under Standard&Poor's

...TAIPEI (Standard & Poor's) June 12, 2015--Standard & Poor's Ratings Services said today that its ratings and outlook on Nan Shan Life Insurance Co. Ltd. (local currency; A-/Stable/--, cnAA/--) are not affected by the insurer's plan to acquire AIG Taiwan Insurance Co. Ltd. for New Taiwan dollar (NT$) 4.9 billion using cash. In our view, the investment will have a minimal impact on Nan Shan Life's capitalization. The transaction amount would account for about 3% of Nan Shan Life's shareholders' equities as of the end of March 2015. We expect Nan Shan Life's risk-adjusted capital adequacy to have sufficient buffer to absorb the additional capital risks following the acquisition. The transaction is subject to regulatory approval. Under Standard & Poor's policies, only a Rating Committee can determine a Credit Rating Action (including a Credit Rating change, affirmation or withdrawal, Rating Outlook change, or CreditWatch action). This commentary and its subject matter have not been the subject...

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