Losses at Taiwan’s biggest insurers almost doubled in May from a month earlier as historic gains in the local currency dented the value of their foreign investments.
Losses for four of the largest reached a combined NT$35.4 billion ($1.2 billion), according to company statements on Tuesday. Among them,
The Taiwan dollar spiked about 7% in May — mostly over two days at the start of the month. That heaped ...
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