The Insurance Authority Approves
the Transfer of the General Business of China Merchants Insurance to CMB Wing Lung Insurance
China Merchants Insurance Company Limited ("CMI") is pleased to announce that its application to transfer general business to CMB Wing Lung Insurance (“CMBWLI”) has been approved by the Insurance Authority of Hong Kong (“HKIA”) pursuant to section 25D of the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong). And the transfer became effective at 00:00 am on 30 December 2022, Hong Kong time.
Hence, CMBWLI now becomes the insurer in place of CMI continuing to provide customers with a comprehensive range of insurance products and services, including claims handling. Upon completion of the transfer, CMI will apply to the HKIA for withdrawal of its authorization and will then cease to be an authorized insurer in Hong Kong. For more details about the transfer, please refer to the Notice below.
We would like to take this opportunity to thank you for your continuous support and trust, and hope you can extend them to CMBWLI following the integration. Should you have any enquiries, please do not hesitate to contact us using any of the following means.
Telephone: 3508 1040
Address: 33/F, Infinitus Plaza, 199 Des Voeux Road Central, Hong Kong
Transfer of the General Business of China Merchants Insurance Company Limited ("CMI") to CMB Wing Lung Insurance Company Limited ("CMBWLI")
We refer to the notice sent to you on 7 October 2022 regarding the proposed transfer of the general business of CMI to CMBWLI.
We are pleased to inform you that we have received approval from the Insurance Authority to effect the transfer under section 25D of the Insurance Ordinance ("Ordinance", Cap. 41 of the Laws of Hong Kong), and CMI and CMBWLI have executed the instrument of transfer giving effect to the transfer. CMI and CMBWLI have accordingly completed the Section 25D transfer with effect from 00:00 a.m. on 30 December 2022, Hong Kong time.
Given the above, all your insurance policies entered into or renewed by CMI on or before 11:59 p.m., 21 September 2022 ("Cut-off Date") have been automatically transferred to CMBWLI.
Following the transfer, CMBWLI has now become the insurer (in place of CMI) of all your insurance policies. Notwithstanding the change of the insurer, all your rights, benefits and protection under your existing insurance policies remain unchanged and have not been affected by the transfer.
After the transfer, CMI will apply to the Insurance Authority for withdrawal of its authorization and thereafter cease to be an authorized insurer in Hong Kong.
We wish to take this opportunity to thank you for your continued support. If you have any questions on the above, please do not hesitate to contact us at 2890 5940.
China Merchants Insurance Company Limited