(Bloomberg) – Mercuries Life Insurance Co. Consider options, including a sale of the business, according to people who are familiar with the matter, which can mark the further consolidation in the financial services industry in Taiwan. The firm works with advisors to determine the initial interest of prospective buyers, people said and asked not to be identified because the process is private. A sale can attract local and international players, people said. The Taipei-listed Mercuries Life fell by 17% this year, giving it a market value of about $ 1 billion. Another option could be to sell an interest rather than the entire business, the people said, adding that considerations are provisional and possibly not leading to a transaction. Mercuries Life was in the intersection of the Financial Supervisory Commission of Taiwan, which says the firm violated rules after not setting up a plan to improve its capital as a farming relationship. It is told to complete the process by the end of the year and provide more details before the end of August. In response to inquiries from Bloomberg News, Mercuries Life said it aims to improve capital and seek potential partnerships at home or abroad, and take all options into account. While the company is open to proposals from overseas, Chinese bidders are less likely, as they need approval of various government agencies, which can block the transactions in sensitive sectors such as the financial industry on national security grounds. Taiwan tried to lift the financial industry to make the economy less dependent on the technological sector. For life insurers, the weaker US dollar injured because it dragged the value of their foreign currency assets, especially in the first half of the year, when Taiwan’s life insurance industry produced a $ 522 billion NT loss. Other Taiwanese transactions include a merger between Taishin Financial Holding Co. and Shin Kong Financial Holding Co., which was completed last month, while Fubon Financial Holding Co. Jih Sun Financial Holdings Co. in 2022. Founded in 1993 and listed in 2012, Mercuries Life, including lives, health, accident and other types of insurance, offers the site. -With help from Chien-Hua Wan and Argin Chang. More stories like these are available on Bloomberg.com © 2025 Bloomberg LP
It is alleged that Taiwan’s Mercuries Life options including selling weigh
