VND1-trillion life insurer launched

March 15, 2013 | 09:02

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PVI Sun Life Insurance Co. Ltd., a joint venture between PVI Holdings Company listed on northern exchange and Sun Life Assurance Company of Canada, was launched onto the local market on Tuesday with a charter capital of VND1 trillion.

Pham Khac Dung (L), chairman of PVI Sun Life, and CEO Steve Lorenz at the launching ceremony on Tuesday - Photo: Lan Nhi

PVI Holdings owns a 51pct stake in this joint venture while the remaining 49pct belongs to Sun Life Financial.

Speaking to local media, Steve Lorenz, CEO of PVI Sun Life, said that the insurer aims at providing optimal financial services and solutions for customers.

The enterprise targets to meet insurance demands of individuals and organizations via diversified agent channels. It will focus on the current market of PVI Holdings and will reach out to other customers, Lorenz said.

Sun Life has nearly 150 years of experience in insurance and risk management in Asia and worldwide. PVI Holdings is one of the major Vietnamese insurance groups, focusing on various business lines including general insurance, reinsurance, life insurance and other financial services.

SGT

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