Zurich Life is first IoM life company to be granted a license in Singapore

Zurich International Life has been granted a licence to operate in Singapore. This comes as the insurer said it has enjoyed growth in all its geographical regions in the first half of 2005. It claims to be the first Isle of Man insurer to have gained a licence from the Monetary Authority of Singapore (MAS). Martin Davis, chief executive of Zurich International Life, said the office in Singapore will be officially opened in the last three months of this year, and will be backed by a campaign to promote Zurich. Initially, the Singapore office will have three salesmen and two administrative ...