29 June 2018Insurance

Swiss Re-backed FWD insurance group weighs IPO

Asian life and general insurer FWD Group has held preliminary discussions with investment banks about a possible initial public offering (IPO) as part of regular meetings about the insurer’s strategy, Bloomberg News reported citing people familiar with the matter.

FWD is the insurance business of private investment firm Pacific Century Group. Swiss Re is a minority shareholder.

FWD spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, and Japan, offering life and medical insurance, general insurance, and employee benefits across a number of its markets. The group has over 2.7 million customers and holds over $26.6 billion in assets.

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More on this story

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30 July 2019   Asian insurer FWD partners with Pacific Life Re on automated underwriting technology
Insurance
2 May 2017   American International Group (AIG) has completed the sale of its Japan life insurance business, AIG Fuji Life Insurance (AFLI), to FWD Group, the insurance segment of Pacific Century Group.
article
16 October 2013   Swiss Re has entered into an agreement with Pacific Century Group to invest up to $425 million in FWD Group, an Asian insurance venture formed by Hong Kong business man Richard Li, who is also the son of Li Ka-shing, one of Asia’s richest men.