Zurich Financial Services Group, Swiss Re, Prudential, AXA, Global Insurance Group. Pen Fun Pavilion wWw. ｂiquge。 ｉｎfo

The five world's top insurance companies, involving Switzerland, the United Kingdom, France and the Netherlands, four important developed countries in Western Europe, formed by their joint underwriting team, a policy with a premium amount of up to 2.45 billion yuan, is almost equivalent to holding most of the EU's egg bags in your hands.

This person is none other than Hu Wenhai, who is now cautious and does not dare to come out of the country.

The insurance industry is different from other industries and is very important for social stability. Once the European insurance industry is hit hard, then the European welfare society will be like a gear tooth missing. The welfare system, which was originally running smoothly and smoothly, immediately had all kinds of problems.

These problems are fed back to the society from the policyholders, and the instability of the whole society will be rapidly expanded. The resulting impact will be well over $30 billion in damage. What's more, if the insurance industry collapses, the social and political harm will be even greater, and the sense of unease created among the population will feed back to the political level, which is likely to lead to a rise in conservatism, which is even more difficult to measure than the loss of economic benefits.

Governments have done everything they can to keep these five insurance companies that are important in their countries. From diplomatic mediation to sending 007 to destroy humanity, everything is within their consideration.

In the face of such a lineup, unless Hu Wenhai announces that he will give up his claim, he will not dare to leave the country for a single step. Even in China, there must be strict security measures at all times.

Hu Wenhai and the five major insurance companies are now afraid of each other, and they are deeply afraid of each other.

But if you want to make Hu Wenhai give up this insurance claim? What are you kidding, asking for debts, but never the creditors must come forward in person.

Diane, President of the Zurich Financial Services Group, is now in London in meetings with the presidents of four other companies.

The Americans unexpectedly announced that they had received the results of an investigation into the suspected transportation of contraband by Xinke Shipping, and although the details have not yet been released, there have been huge stock sales of the five major insurers in the market.

And for the five CEOs of insurance companies, it is even more difficult to see what conclusions the Americans have reached.

The gloomy clouds are bleak, and the word becomes an adjective for the actual environment. "Highly qualified" Europeans generally do not smoke in meetings, but at this time the conference room is full of smoke, like the gloom in the hearts of the presidents.

Carl Jung, the president of Swiss Re, put out his cigar in the ashtray with a sad face and asked: "Ms. Diane, how much does it cost to pay for this new investment? ”

Joyce, the president of Honest Assurance UK, opened his mouth and said bitterly: "I think ...... Let's think about it again, such a large amount of money will drain our capital pool. In this way, even if we borrow money from east to west, our companies will not be able to last for three to five years, and we will be in danger of going out of business. ”

Wagner, the president of the Dutch Global Insurance Group, nodded, "Yes, with such a huge amount of compensation, our global insurance will definitely not be able to come up with it." Even if we reluctantly make a payment, the next chain reaction will quickly destroy our entire profit system. It won't be too long before the end of this year will face the possibility of a rupture of the capital chain. ”

Ms. Diane knocked on the table with the emerald ring on her hand, and her face was solemn: "Now I am afraid it is not feasible to think about how to delay, after all, the most important thing in the insurance industry is credit, and our Swiss financial industry regards credit as life." If this matter is brought to court by the Chinese, it will have an immeasurable impact on Swiss finance. ”

Nelson, AXA's president of France, pleaded: "Let's try, Ms. Diane, let's try to find other loopholes in the contract?"

"We've tried. ”

Diane stared at the faces of the other four people one by one, and said unwillingly: "Actually, I think everyone here should have let their most astute lawyers carefully review the contract. If there was a way to overturn this agreement, you would have come up with it a long time ago, wouldn't you?"

Five people, you look at me, I look at you, so far I can only nod my head unwillingly.

"Let's talk about the issue of compensation, through the calculation of the data from the London Exchange, we got the exact amount of compensation for this policy. Even under the most onerous conditions, the opportunity cost loss of ST Investment is ignored and only the securities held prior to the freeze are counted. According to the ...... of oil prices, which have now recovered, "

Ms. Diane swallowed, her voice was a little hoarse, and she bitterly reported a number: "The total amount of compensation is 41,836,220,000, not to mention the fraction of the rest, we can only calculate it according to 41,830 million." ”

"Then according to our share of joint underwriting, each of us needs to share 8,366 million. ”

"AXA can't afford such a large sum of money!" Nelson immediately said categorically: "This will drain our entire capital pool, AXA is not opened by Chinese, we can't only consider this one policy, and we can't only be responsible for Hu Wenhai! We must be responsible for the interests of all policyholders and responsible for the French!"

"Yes, it's impossible for Honest to come up with that much money. British talent is a customer we value, not Chinese. ”

Isn't that the case with the insurance companies, the five major insurance companies are all world-class insurance companies, and their financial groups not only have insurance business, but also banking business, trust and securities business, and these groups are all within the scope of business.

If you really want to grit your teeth and take out 8.3 billion, it is definitely not that you can't take it out.

But this is not the case, the money in the bank is depositor's, and the money in trusts and securities is the settlor. If they really want to pay compensation, the five major insurance companies can only withdraw funds from their insurance investment funds and the company's own capital, which is a matter of fate.

However, it is not enough to see the thief being beaten, but not to see the thief eating meat.

ST Investment is the first to apply for insurance from the five major insurance companies, with a sum insured of US$500 million and an insured amount of US$10 billion. The money went smoothly into the pockets of ST Investment, which means that the insurance period is only one month's premium of US$500 million, but everything that is accurate falls into their pockets.

And what about the second insurance? Hu Wenhai even made a big stroke of his pen and neatly invested in the premium of 2.25 billion yuan.

Nearly $3 billion before and after, with an insurance period of less than half a year. If the Americans had not frozen the self-production of Xinke investment, the $3 billion would have belonged to the five major insurance companies.

In the early nineties, three billion dollars, only bought half a year of insurance, in the eyes of the five major insurance companies, what is the difference between giving money?

That's $3 billion, and the big five insurance companies combined may make only that much profit in a year. Insurance companies are inherently risky industries, and decisions must be made after calculations. This kind of specialized customized insurance is actually no different from the long and short betting in the oil futures market.

It's just that oil futures are betting on the rise and fall of oil prices, while insurance companies are betting on the safety of financial investments.

Judging from past historical experience, the safety of investment in Western financial markets is of course beyond doubt!

After getting this money, the insurance companies have already made a plan for how to distribute the money.

Since a professional international speculator in oil futures did not expect that the CIA and Wall Street were caught off guard, how did these actuaries in the insurance industry think that the Chinese government would personally end up and have such a foul operation as "requisitioning the country's foreign exchange"?

As a result, the oil futures storm that is still within the range of the United States can be tolerated by the United States, because the Chinese official has turned into a super typhoon.

This forced the Americans to resort to an off-the-counter trick and unreasonably buckle the big hat of transporting contraband to the head of Xinke Shipping.

This series of changes in the international situation has blinded the eyes of international observers. The people who eat melons are elated and addicted, and the Middle East plot of this season is really exciting! But in the eyes of practitioners in the European financial industry, it is a place of mourning.

"Made, is there still this kind of operation?", "This is okay?", "That's how it works!", "My eyes!", I don't know how many times this dialogue has been repeated in the hearts of the financial elite.

As you can imagine, when they see the news on TV, their expressions must be very exciting. It's a pity that there is no camera phone now, otherwise it will greatly enrich the number of emojis on the Internet......

From the perspective of risk, this is a very unlikely thing to happen.

If it weren't for Hu Wenhai's insistent request, Zurich Financial Services Group might have undertaken the policy itself. When dividing the share of insurance, the five insurance companies also competed for each other, and never thought about whether they could bear it in case they needed to pay compensation.

As a result, the last five companies each paid 20% and made an agreement to divide it equally. If they have considered their own affordability, they should at least bear the proportion of the insurance fund according to their own financial situation.

It's a pity that in their opinion, the risk of this business is almost negligible, and it is natural to not give an inch in the distribution of the insurance money.

So don't look at the sad faces of the five major insurance companies today, it's when I don't see them celebrating when they distribute profits.

"In that case, it seems that there is only one way. Wagner of Global Insurance had a heavy expression and sighed: "If the Chinese side asks Global Insurance to repay the sum insured, then we can only file for bankruptcy." According to Dutch law, after the settlement of our funds, we will give priority to the repayment of Dutch citizens and businesses. Chinese, how much you can get depends on luck. ”

"Yes, it seems that AXA can only do that. Frustrated, Nelson said, "In fact, our company's funds are already monitored by the French Ministry of Finance, which is the least impactful program on French society." ”

Diane and Jung looked at each other, but their eyes were full of bitterness. Zurich Financial Services Group and Swiss Re are mainly international business, unlike Global Insurance, Chengbao and AXA, which have strong national support behind them. However, Switzerland is a financial country, but it is not strong enough. If this rogue trick is used, the credit of the financial industry on which Switzerland depends for its livelihood will be dealt a fatal blow.

If they really go bankrupt, the two Swiss insurance companies are afraid that they will really die and cannot die anymore. Unlike the support of Britain, France and the Netherlands, the other three deletion and retraining can also have a large number of exercises.

In this regard, Hu Wenhai chose two Swiss insurance companies in the joint underwriting team, and the signing entity is also Zurich Financial Services Group, the leading leader of the European insurance industry, which is deliberate.

This joint underwriting team is actually an alliance with two demands, and it has a natural advantage to find an agent for Hu Wenhai.

"Guys, I don't think things have gotten to this bad. At this point, Diane had to stand up and uncover the mystery: "I have communicated with Hu Wenhai, the president of ST Group, and in fact the situation is not to the point of despair. ”

Seeing that it had already attracted the attention of the four people, Diane simply gave the answer: "Mr. Hu Wenhai also understands our current situation, and does not want to come to the point of losing both. In principle, he agreed to a proposal that I had proposed. The payout of the policy does not need to be executed immediately, but is paid in installments over the next five to ten years. If the funds cannot be turned over temporarily, the operation of debt-to-equity swap can also be considered. ”

"Hey, this plan ......"

The presidents of the three insurance companies in the United Kingdom, France and the Netherlands couldn't help but light up in front of him, and he was also a little moved. Being able to pay in installments is of course much better than going into bankruptcy.

Not to mention that it can also support the debt-to-equity swap, and if the ST Group becomes a shareholder of the five major insurance companies, will it still be able to see its own industry being forced to death? In this way, the room for turning around will immediately increase.

However, Mr. Hu Wenhai also made his request. The interests of the ST Group would be harmed by this plan, so he wanted to retain the right to collect compensation from the five insurance companies immediately at any time. Of course, if we can meet some small requests from ST Group, Mr. Hu Wenhai promises not to use this power at will. ”

"Well, actually, Mr. Hu Wenhai has a problem right now that needs our help. ”

"What's the trouble?" asked Nelson, apprehensively.

"Everyone should know that Boeing in the United States is buying McDonnell Douglas, the world's third-largest manufacturer of civil airliners. ”

"Mr. Hu Wenhai hopes that we can persuade European countries to announce sanctions against McDonnell Douglas in response to Boeing's possible monopoly market position after its acquisition. ”