Taikang

AXA first put its Taikang stake on the market in 2009.

Goldman Bets on Chinese Insurance Prudence Ho 2011

Taikang couldn't be reached immediately Friday, but it previously declined to comment on possible Hong Kong listing plans.

Goldman Bets on Chinese Insurance Prudence Ho 2011

Japan's Softbank Corp. also owns shares in Taikang, but most of the stakeholders are state-owned Chinese enterprises.

Goldman Bets on Chinese Insurance Prudence Ho 2011

On Friday, the Wall Street firm announced it bought a 12.02% stake in Chinese insurer Taikang Life Insurance Co. Other partners, including Government of Singapore Investment Corp., also joined Goldman in acquiring the 15.6% stake in Taikang previously held by French insurer AXA SA, a person familiar with the situation said.

Goldman Bets on Chinese Insurance Prudence Ho 2011

While Goldman invested in Ping An on behalf of clients through its private-equity arm, this time it is using its own money to buy into Taikang, the person familiar with the matter said.

Goldman Bets on Chinese Insurance Prudence Ho 2011

Chinese life insurer New China Life Insurance Co. is planning to raise up to US$4 billion also from a dual listing in Shanghai and Hong Kong this year, while Taikang Life Insurance Co., China's fifth-largest insurers by premiums, has plans to raise between US$3 billion and US$4 billion from a Hong Kong listing in the next couple of years, bankers said.

State-Owned Chinese Insurer Plans Two Listings Prudence Ho 2011

PARIS—AXA SA, Europe's second-largest insurer by market value, said Thursday its first-half net profit more than quadrupled, driven by the sale of its stake in Taikang Life Insurance Co. in Taiwan and its operations in Australia and New Zealand.

AXA Profit Quadruples Inti Landauro 2011

*** Financial services French insurer AXA said it received regulatory approval to sell its 15.6% stake in Taikang Life, China's fourth-largest life insurer, for $1.2 billion to a consortium of Taikang shareholders.

Business Watch 2011

In the recent half, AXA took a €1.44 billion gain related to the sale of the stake in Taikang Life and of AXA's Australia and New Zealand operations.

AXA Profit Quadruples Inti Landauro 2011

Bankers have previously said Taikang could launch an initial public offering in Hong Kong in 2011 and raise US$3 billion to US$4 billion.

Goldman Bets on Chinese Insurance Prudence Ho 2011