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Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or simply Great Eastern, is a Singaporean multinational insurance company and subsidiary of OCBC Bank operating in the Southeast Asia region. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia.
The Great Eastern Tower (also known as Menara Great Eastern) in Kuala Lumpur, Malaysia, is the headquarters of Great Eastern Life Assurance (M) Bhd, a member of Great Eastern Holdings Ltd in Singapore. [citation needed] It is located along Jalan Ampang.
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In November 2015, Evergrande acquired a 50% stake in Sino-Singapore Great Eastern Life Insurance Company for $617 million and changed its name to Evergrande Life. [46] It also owns shares in Shengjing Bank. [47] Evergrande has also sold wealth management products to consumers. [48]
It is the largest publicly traded life insurance group in the Asia-Pacific region. It offers insurance and financial services, writing life insurance for individuals and businesses, as well as accident and health insurance, and offers retirement planning, and wealth management services, variable contracts, investments and securities.
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Lee was the third son of Lee Kong Chian, and maternal grandson of Tan Kah Kee.. Lee was educated at the Anglo-Chinese School in Singapore [1] before graduating from the University of Toronto, where he studied engineering.
The company was founded in May 2000 by Robert Clements and Peter A. Appel, with Appel as President and CEO. [3] [4] The company's predecessor entity, Risk Capital Holdings had previously sold substantially all of the reinsurance operations of Risk Capital Reinsurance Co., its wholly owned subsidiary, to Folksamerica Reinsurance Co., and the surviving vehicle was the entity used to form Arch ...