17 December 2024
The Insurance Authority (IA) today (17 December 2024) announced its appointment of Mr Glen Ho and Mr Ivan Chan of Deloitte Touche Tohmatsu to be the Joint and Several Managers (Managers) of Tahoe Life Insurance Company Limited (Tahoe Life). They will join hands with the current Manager Mr Oliver Cheng of Deloitte Advisory (Hong Kong) Ltd1 to maintain normal operations of Tahoe Life and safeguard the interests of its policy holders.
The new appointments were made on 17 December 2024 pursuant to Section 38E(3) of the Insurance Ordinance (Cap. 41) to fill the vacancies following the resignation of Mr Derek Lai and Mr Forrest Kam from the role of Managers of Tahoe Life on the same date.
The change in team composition of Managers will not affect the terms and conditions of policies issued by Tahoe Life. As life insurance products are designed to reach maturity over a fairly long period of time, policy holders are advised to carefully assess their own circumstances and avoid making hasty decisions.
Ends
Note:
1 Mr Oliver Cheng was appointed as a Manager of Tahoe Life pursuant to the direction issued by the IA under Section 35(2)(b) of the Insurance Ordinance (Cap. 41) with effect on 26 July 2024. For details, please refer to the IA’s press release issued on 26 July 2024.