June 26, 2017 3:03 PM ET

Insurance

Company Overview of Unionlife Insurance Company,Ltd.

Company Overview

Unionlife Insurance Company,Ltd. provides life insurance products and services in China. The company offers term life, participating, critical illness, and other short-term insurance products. It also provides health, accident, casualty, travel, and children's insurance products; annuity, investment, and pension products; and bancassurance. Unionlife Insurance Company,Ltd. is based in Beijing, China.

Hezhong Building

9 Xing shikou Road

Haidian District

Beijing,  100195

China

Phone:

86 10 5994 9999

Fax:

86 10 5994 9999

Key Executives for Unionlife Insurance Company,Ltd.

Head of Finance & Accounting and Assistant President
Assistant President
Secretary and Director
General Manager of Legal & Compliance Department and Compliance Officer
Compensation as of Fiscal Year 2016.

Unionlife Insurance Company,Ltd. Key Developments

Insurance Companies Reportedly Considering IPOs

Several insurance entities are making preparations for an initial public offer on the main board of either the Hong Kong or Shanghai or Shenzhen bourse. Among them are Jiangtai Insurance Brokerage Co., Ltd. and D.Tong Insurance Sales & Service Ltd. Both plan to list in 2017, reported China Securities Journal citing sources. Several other insurance companies too are said to be considering initial public offers. They include Anbang Life Insurance Co.,Ltd., Taikang Life Insurance Co., Ltd., Huatai Insurance Group Company, Limited, picc Health Insurance Company Limited, China United Property Insurance Company Limited, Unionlife Insurance Company,Ltd. and Zhong An Online P&C Insurance Co., Ltd. The initial public offers are targeted to take place in 2017 and in the next several years.

Welltower Inc., Cindat Capital Management Limited and Union Life Insurance Co. Ltd Enter into Definitive Agreement to Form Joint Venture to Invest in Welltower US Health Care Real Estate Portfolio

Welltower Inc., Cindat Capital Management Limited (Cindat) and Union Life Insurance Co. Ltd. (Union Life) announced that they have entered into a definitive agreement to form a joint venture to invest in a Welltower portfolio of seniors housing and long-term/post-acute care real estate assets. The portfolio is comprised of 11 seniors housing properties master leased to Brookdale Senior Living and 28 long-term/post-acute care facilities master leased to Genesis Healthcare Inc. Cindat and Union Life will own a 75% interest, with Welltower retaining a 25% interest. Brookdale provides services including independent living and assisted living options for the elderly, and Genesis provides skilled nursing for people with chronic conditions and post-acute care for patients recovering from illnesses and medical procedures. Brookdale and Genesis will continue to be the day-to-day operators of their respective properties and provide continuity for residents and staff. The transaction is expected to close by year end and is subject to customary closing conditions.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 2, 2016
11 Seniors Housing Properties and 28 Long-Term/Post-Acute Care Facilities
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Unionlife Insurance Company,Ltd., please visit www.unionlife.com.cn. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.