Taylor glanced at Bellito, and the smoky conference room was filled with the unpleasant smell of smoke. "Increase the margin of the insurance industry to ensure that there will be enough money to pay the insured when necessary. I must let you know that I I don’t mean to embarrass any of you, this is an imperative prerequisite!” Taylor is much stronger than Phyllis. He knows better how to establish an industry standard and access system, and he also knows how to lead the way. Come the benefits.
He is more like a standard professional manager who only thinks about work. He uses his own abilities and advantages to climb up from the bottom bit by bit. For him, every job is a battle. If he fails, he may He would lose everything, which forced him to go all out. He is completely different from a shareholder like Phyllis.
Bellito also nodded. Taylor had given him a strong hint just now, and he knew that he should stand up at this time. His views on Taylor are polarized. He likes Taylor's professionalism at work, but dislikes his strong aggression. The former can quickly put everything here on track and allow the insurance business to be quickly set up and put into operation. The latter means that his opponent has changed from an idiot who can't even hold a sword to a master with a sword. .
No one likes a level that is too difficult, except those who are masochistic, and it's obvious that Bellito is not a masochist.
"I very much agree with Mr. Taylor's opinion. Mr. Roel's insurance fraud has reminded us that if there is no strong deposit, it is very likely that the insurance company will be let out because of the fraud of a certain person or organization. On the verge of bankruptcy. Gentlemen, the purpose of us sitting here discussing these things is not to find ways to force ourselves into bankruptcy, but to make more money, so we must be prepared to resist risks.”
"Everyone has proven themselves in business. I think there are some words that I don’t need to repeat cumbersomely. Everyone should understand them very well. Risks and opportunities coexist. The greater the benefits, the greater the risks we take!"
"As an emerging industry, if a company is forced to go bankrupt because it cannot pay insurance claims to insured persons, it will bring huge risks and negative impacts to the entire industry. People will directly associate the insurance business with fraud. Together. The purpose of Mr. Taylor's proposal to increase the margin is not to embarrass you, but to protect our mutual interests. Let's change our thinking. If you are still operating insurance business, but we are not. I’m afraid you are extremely unhappy if bankruptcy involves you for this reason.”
Taylor nodded and took over the topic from Bellito, "Yes, Mr. Bellito is very right. Only when the entire industry has sufficient anti-risk capabilities can it bring us a stable and sustainable high-speed There is a huge market for development. And I think the margin I proposed is very reasonable. We can know from the data of Mr. Memnon’s three-guarantee policy that a margin of no less than 30% of the insured amount is required to survive. Early stage.”
The two people who met for the first time cooperated very well. They expressed their inner thoughts of expelling "bad money" from the scene as a consideration for these people. Of course, it is undeniable that what they said is also part of the truth. Judging from the current data on the three guarantee policies left by Memnon, 10 million is enough to support the normal operation of the insurance company's business. They even have more ways to continue operating while reducing the guarantee deposit by half. Insurance business.
But the problem is that it is impossible to do everything according to people's best ideas. What if there is another mining disaster? Nowadays, those who work in mines have bought insurance. A mine disaster may affect 300 to 500 people, and millions will be spent to pay compensation at one time. Furthermore, what if there is a natural disaster or something? For example, if there is an earthquake, there will definitely not be only one or two mining disasters in the entire western region, but there will be three or five, there may be more than a dozen or even dozens of mines. How can we settle claims if we don’t have enough deposits
In addition, there are many unforeseen but definitely very likely things that require insurance companies to have enough capital to fight disasters. Taylor's request to increase the margin is not only responsible for himself, but also for the insured.
After a series of words, several other people in the conference room fell into silence. If they could come up with a deposit of 50 million, they would not be sitting here. There are various real industries in the south that are more suitable for them and have bright prospects and are worthy of investment. The reason why we competed with the two major banks and Dulin to snap up those contracts is that in the final analysis, it is still a speculative behavior. Now their speculation is half successful, but the other half is not so easy to mention.
"I have an idea here for you to consider!" After waiting for about three to five minutes and no one spoke, Taylor broke the calm in the conference room with a smile, "Two ideas, the first one is The Imperial Central Bank acquires the existing contracts in your hands in cash. We can discuss the price in detail. We will also operate with the greatest sincerity. Another idea is to value the contracts in your hands and replace them with our established Yaoxing. Imperial Insurance Company's equity, so that your things are still in your hands, but you don't need to worry about the 50 million deposit. "
"Please believe us, we are sincere!"
Bellito frowned. He and Taylor had never met before, but he knew Taylor. Taylor's reputation within the Imperial Bank was not very good. To say that he is ruthless, ruthless and unreasonable is a very mild statement. His origins are related to the central bank's last internal resource rectification and purge. He caused many people to lose their jobs and leave in despair. Some people even went so far as to He had worked at the Imperial Central Bank for more than thirty years, and was one or two years away from retiring and receiving a pension, but he found some reasons to kick him out.
He was a cold-blooded executioner and a butcher who cruelly deprived many people of their hope. However, everything has two sides. The central bank's board of directors liked Taylor's ruthlessness very much. He saved the central bank a lot of money and made some complicated things simple. People thought that he would eventually fail for various reasons. After being kicked out, he didn't expect that the board of directors actually recruited him as a partner. Even if he was the worst one, he was still a partner.
This is a ruthless person.
Before this meeting, Taylor and Bellito had a phone call. It was Taylor who took the initiative to call Bellito and talked about some things to be discussed at the meeting. The two sides wanted to talk to each other first. Most of the things were done according to what the two said during the ventilation, but only the last one was a little different.
What Taylor said at the time was to find a way to force these retail investors to unite to form a company, and then turn the multiple parties into three parties, and then the three parties would cross-hold shares based on the company's margin and market value. The Southern Commercial Bank and the Imperial Bank of China are obviously stronger. They can obtain more shares of the third company with minimal effort. They are cooperating with each other to achieve the purpose of directly controlling the third company. In this way, the entire insurance industry is equivalent to just these two companies and a puppet front company.
This idea was very interesting and highly executable. After careful consideration, Bellito gave Taylor a definite answer. But he didn't expect that Taylor, who was sitting at the conference table, would act like a bastard and bypass him and directly want to swallow these people into his stomach!
Bellito could completely guess what these people were thinking. Just as Taylor said, they didn't lose anything at all. Instead, they gained a more stable backer and a larger market.
Being the director of a small factory with a market value of RMB 100,000 may be very liberating, but everyone is more willing to be a small shareholder of a company with a market value of RMB 10 million, even if it only holds 1% of the shares. Even if he puts himself in his shoes, Bellito himself is a little tempted. Anyway, these contracts are the result of their speculation. They only paid money and received returns that are countless times more than money. They will definitely be satisfied.
But things must not be allowed to develop like this. Just when the speculators began to show hesitation and thinking, Taylor lowered his head to arrange his hair, and raised the corners of his mouth slightly, Bellito faced Taylor from behind. A punch came from behind.
"Gentlemen, I actually have another way for you to choose." After Bellito finished speaking, he immediately felt Taylor's eyes staring at him. He smiled and nodded, and then said, "We at Southern Commercial Bank We can provide you with a loan of 50 million yuan, interest-free for one year and low interest for one year. After two years, the annual interest rate will not exceed 15%. If you are unable to repay the loan by then, you can transfer the business you are running. The insurance company repays it at a discount.”
"Gentlemen, we are equally sincere, and for you, this is even more advantageous."
Bellito noticed that Taylor's eyes were still focused on him. He smiled and met Taylor's eyes without fear. The two looked at each other for a moment and then moved away. On the surface, they seemed to still maintain the gentleman's demeanor. In fact, my heart has long been full of tears for the other party.
Taylor knew that he had underestimated Bellito and his courage and courage. As a partner of the largest central bank in the empire, even he did not dare to lend these people 50 million, but Bellito dared to do so. Not only did he dare to say it, this made Taylor's little plan go bankrupt. Even if he offers more favorable conditions than Bellito at this time, these people will not choose him, because just now, just a few minutes ago, he planned to swallow the dregs of these people chewed up with their food. None left. Now, no matter how many times the terms he offers are more favorable than those offered by Bellito, these people who are "escape from danger" will not choose him.
Sure enough, after more than ten minutes, these people made a decision...
I'm a bit tired from the update, mainly because I can't bear it after sitting for more than ten hours. I'll take a break today and only have 2 updates. I'll continue tomorrow.
(End of chapter)