Taiwan Fire & Marine Insurance Co., Ltd.

At the early stage of restoration of Taiwan by the government, the "Taiwan Fire & Marine Insurance Co., Ltd. - Formation Office" was formed in June 1946 to take over the assets and operations of Japanese insurance operations existing then in Taiwan.  The office also started writing business. The Company, officially incorporated on 12th March 1948, is the oldest insurance company to be set up in Taiwan.

In the early years, only limited classes of businesses were written.  Presently, the Company provides more than 50 different product lines to clients.  The Company has 11 branches and 29 liaison offices located across the country.  To serve Taiwanese interests in China, our Shanghai Representative Office was officially established in May 2006.  The Company maintains a leading role in Marine Hull and Aviation business in the local market.

The Company's start up capital of Taiwan Dollar10 Million came from Bank of Taiwan, the Land Bank, Chang Hua Bank, Hua Nan Bank, Taiwan Navigation and the Management Bureau of Taiwan Railway.  In 1968, further investments came from the Cooperative Bank, Taiwan Medium & Small Enterprises Bank and Chung Hsiung Paper.  The Company was then categorized as a provincial business unit.  The Company was publicly listed on 30th September 1997.  In compliance with government policy, the Company was privatized on 22nd January 1998 thereby ending a more than 50 years' government-owned entity.  As at end of 2006, the Company's paid-up capital had been increased from pre-privatization’s NTD 950 Million to NTD 3,168 Million

To strengthen profitability, the TFMI Asset Management Co Ltd., a wholly owned subsidiary of Taiwan Fire & Marine, was incorporated in August 2005 with a share capital of NTD 800 Million.

For the year 2006, the Company was rated ‘BBB’ and ‘twAA-‘ by Standard & Poor’s and Taiwan Ratings respectively, reflecting a strong financial structure, sound underwriting performance and a stable investment policy.