HSBC has launched its insurance operations in Taiwan, officially opening HSBC Life (International) Limited in Taiwan in September 2007 as a full-fledged insurance provider after receiving a licence from the Financial Supervisory Commission in August this year.

To celebrate the launch, HSBC Insurance also joined hands with the Taiwan Fund for Children and Families and issued the first eight policies to underprivileged children aged three to five years. The plans, sponsored by HSBC, will support the recipients' college education in later years.

Mr David Fried, Regional Head of Insurance, Asia Pacific of The Hongkong and Shanghai Banking Corporation Limited [left] and Mr John Holden, Managing Director of HSBC Insurance in Taiwan.

[from left to right] Mr David Fried, Regional Head of Insurance, Asia Pacific of The Hongkong and Shanghai Banking Corporation Limited and Mr John Holden, Managing Director of HSBC Insurance in Taiwan along with representative from the Taiwan Fund for Children and Families and mother of one of the eight beneficiaries.