Cathay Financial Holdings Completes Conning Acquisition

September 18, 2015

Cathay Financial Holdings Completes Conning Acquisition

TAIPEI, TAIWAN and HARTFORD, CT, USA – September 18, 2015 – Cathay Financial Holding Co., Ltd. (“Cathay”) (TWSE: 2882), a leading financial services provider, today has completed the previously-announced acquisition of Conning Holdings Corp. (“Conning”) through its subsidiary, Cathay Life Insurance Co, Ltd. (“Cathay Life”). Conning is a premier global investment manager focused on the insurance industry with capabilities in risk and capital management and insurance research. The transaction provides complete continuity for Conning and its clients.

About Cathay Financial Holding Co., Ltd.

Cathay Financial Holding Co., Ltd. ( is the largest financial holding company in Taiwan and a leading provider of financial products and services. The company’s primary subsidiaries include Cathay Life Insurance, Cathay United Bank, Cathay Century Insurance, Cathay SITE and Cathay Securities. As of June 30, 2015, the company had total assets of over US$220 billion and over 12 million customers. In recent years, Cathay Financial Holdings has also increased its presence in Asia, including in China and Southeast Asia.

Cathay Life Insurance Company ( is the largest life insurance company in Taiwan. As of June 30, 2015, the company had total assets of over US$155 billion and serves over 7 million customers through over 20,000 tied agents. Cathay Life has also established life insurance companies in China and Vietnam.

About Conning

Conning ( is a leading investment management company for the global insurance industry, with $92 billion in assets under management as of June 30, 2015, through Conning, Inc., Conning Asset Management Limited, Cathay Conning Asset Management Limited (CCAM), Goodwin Capital Advisers, Inc., and Conning Investment Products, Inc. The company's unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning provides clients with innovative solutions, leveraging its global capabilities, investment experience, proprietary research and risk management technology. Headquartered in Hartford, Connecticut, Conning also delivers its services globally through its offices in New York, London, and Cologne, and in Hong Kong through CCAM, a joint venture between Conning and Cathay.