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FWD Financial Centre in 2013 in Hong Kong. Richard Li of Pacific Century Group formed FWD Group in 2013 [8] after purchasing ING Group’s insurance and pension units in Hong Kong, Macau and Thailand for US$2.1 billion. [5] [10] Swiss Re bought a 12.3% stake in FWD Group in 2013 [14] for $425 million. [15] Huynh Thanh Phong joined as CEO in ...
Re-entering the insurance business, [29] in March 2013, Li's PCG acquired the Hong Kong, Macau and Thailand insurance business of ING Groep N.V. [8] for $2.1 billion, [30] renaming it FWD Group. [8] With backing by Swiss Re, Li expanded FWD Group through acquisitions, [30] appointing Ronald Arculli as FWD chairman in October 2013. [29]
FWD Group, a Hong-Kong–based insurance multinational (founded 2013) Places. FWD Tower, office building in Jakarta, also known as Pacific Century Palace Jakarta;
FWD Group's initial public offering has hit a potential regulatory roadblock as the Hong Kong-based insurer backed by tycoon Richard Li Tzar-kai seeks to raise as much as US$3 billion in the ...
Asian insurer FWD Group, controlled by Hong Kong billionaire Richard Li, is contemplating shifting its $2-$3 billion share sale from the United States to Hong Kong, said two sources with direct ...
FWD has not yet set the terms for its IPO, but Reuters had reported it could raise $2 billion to $3 billion, valuing the company at $13 billion to $15 billion. Hong Kong tycoon Richard Li's FWD ...
PCI was listed on the stock exchange of Hong Kong in 1999. [10] By 2007, PCI was the sixth largest life insurer in Hong Kong, including PCI Investment Management [11] Between 2000 and 2007 this company's assets increased seven-fold and the firm received numerous awards from Standard & Poor's, as well as Lipper. [12]
FWD Group, the Hong Kong-based insurer backed by tycoon Richard Li Tzar-kai, will drop its New York listing plan to sell shares on its hometown exchange, a source said. The firm was poised to ...