The turbulent capital markets make insurance companies responsible for the investment executives have had a hard time, the insurance company executives have recently run down rumors of separation.
October 16, the market came at the same time, China Ping (601,318 stock it)约翰皮尔斯Australian chief investment officer has resigned, and founder of the Life of life, Li Gang, general manager of hunters because of the failure of resignation. On the same day, Serena Ping-sheng, spokesman denied约翰皮尔斯resignation, and familiar with the life of the Life Insurance industry, said Li Gang has tendered his resignation.
This is to allow insurance funds to invest in the accountability system once again become the subject of concern.
Ping An, burst to life Life executives to leave
As a result of investment in Ping An Fortis Group in the third quarter led to the loss of 15.7 billion set aside after the nightmare is not over. October 4, Fortis shares resume trading directly below 2 euros, and on October 16 its share price was only 0.873 euros, as calculated safety has been a loss of more than 20,000,000,000 yuan.
On Oct. 16, It is reported that China Ping An, chief investment officer,约翰皮尔斯Australians have since left. On the same day, spokesman of the peace Serena Hong Kong Department of Health to receive news agency said in a telephone interview, Chief Investment Officer约翰皮尔斯certainly did not resign, the company's management did not have any personnel changes in the message.
However, this does not remove market concerns, it seems that people have seen the last of his chief investment officer of the background.
The expert in foreign investment term of office, the decision to buy the China Ping An initial investment of about 23.8 billion the amount of 121,000,000 shares of Fortis. MA Mingzhe, chairman of peace in his office, he disclosed,约翰皮尔斯peace is through the world's leading executive search firm to search for the last few months, dozens of excellent investment professionals out of the screening and said, "I believe Pierce to join the To help build peace world-class asset management team, leading the establishment of an international investment platform. "
From the end of last year, Ping An 19.05 euros per share to buy 4.99 percent of Fortis shares, for which cost 18.1 million euros, and then spend 810,000,000 yuan holdings Fortis shares. It appears in the outside world, the Pierce introduced last year, China Ping An Australian investment expert who recently left is a foregone conclusion. The source said: "Pierce left after his job security may be ping-yan, general manager of Cheung Tze-time."
In the latest safety notice does not involve the change in the people, perhaps at 1:30 p.m. on October 27 held a board meeting to decide its own, then released because of the Fortis Group will be equity investments for impairment accounting treatment The third quarter performance.
Ping An encounter with the equally troubled times also is planning to turn south-listed life insurance companies.
It is understood that life as a founder of the Life of Li Gang, general manager of the company has submitted his resignation, although the post is still on, but the left has entered the countdown. The reasons for his departure, to the outside world comes down to the same "mistake hunters."
It is reported that involved in the crash of the capital market this year, investment in the lives of Life repeatedly frustrated, almost exhausted floating surplus in 2007, Li Gang members of the board of directors despite the opposition, still adhere to the "hunters", Fukui lead to more serious.
"Life in 2007 to life profit for the first time, life was life Scheme announced in the 2010 public offering will strive to become the Shenzhen Stock Exchange-listed insurance companies first." Informed of the above said, "At this moment the lives of Life investors can not tolerate any mistakes If profits can not be achieved this year, the overall market arrangements will be disrupted. "
The National Day, the lives of Life branch in Tianjin to reproduce the year began in the life safety of the regulatory authorities do not want to see "even voted storm," a large number of policyholders to the company for collective surrender.
"Li Gang left a number of complicated factors, the most likely reason for investors to operate with contradictions." Headquartered in Shanghai, an insurance company who said, "Tianjin branch in sales for insurance products even misleading, Investment mistakes are certainly one of the motives. "
Investment accountability controversy
A number of insurance executives in connection with the "investment mistakes" and triggered by the storm left, so that investment in insurance accountability once again become a topic of concern.
"Insurance is often the problem in the use of funds and investment." An insurance expert told reporters, "At present, China's insurance industry in the use of capital and investment is also the risk of loss responsibility, who has not made any major mistakes out Responsibility. "
It is understood that the end of 2006, the China Insurance Regulatory Commission issued the "Regulations on insurance funds to strengthen risk management", the application of insurance funds in the process of capital risk management has made detailed arrangements for the system, a detailed investment responsibility.
The view was expressed that the powers and responsibilities in accordance with the principle of reciprocity, a clear self-insurance institutions to invest in their own risk, "Board of Directors of the risk management of insurance funds are ultimately responsible for" the strict requirements of the insurance agency accountability system, the implementation of all aspects of those responsible Leadership and responsibility for the violation of the procedures, regardless of whether the loss should be strictly prosecuted.
"The investment of insurance funds accountability, regulatory authorities is to provide a big idea, also by the specific insurance companies to develop their own rules and regulations to implement." Independent directors of an insurance company to introduce.
Some people look forward to the investment of clear accountability, and for some people as a result of "investment mistakes" and leave the people Mingbu Ping.
"It is not a great investment environment, the highest in the world out of investors do nothing, if the executives in charge of investment at loss because the only be forced to leave, really sorry people." A matter of concern to the industry that "Moreover, the insurance company's investment decision-making in general is discussed in order to get the board's decision to the Board of Directors is a collective responsibility to bear, only to allow a person to assume the risks associated with collective decision-making is not fair."
It is worth noting that the risk of missing has been the question of responsibility, the China Insurance Regulatory Commission may be in the insurance capital investment in infrastructure in the area of the test. In August this year, the China Insurance Regulatory Commission said the relaxation of the scope of investment in infrastructure, investment ceiling has been identified as the insurance sector on the end of the quarter, the total assets of 8%. At the risk of liability issues, the China Insurance Regulatory Commission requirements, professional management of investment projects should be established system of accountability, "dereliction of duty of accountability, due diligence exemption, an independent accountability" mechanisms, in particular, the project manager will be the "accountability system of life tenure . "
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