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In September 2003, Fubon bought roughly 55% of International Bank of Asia from Arab Banking at a price of NT$19 billion, or 1.16 times of the net asset value of the bank. [5] The acquisition of Jih Sun Financial Holding by Fubon was approved by shareholders of both companies in November 2021. [6]
The company then expanded into the Philippines in 2014 and Indonesia in 2015. Expanding into three more countries in 2016, [4] [8] that year FWD Group acquired Shenton Insurance in Singapore, [9] also purchasing a unit from Great Eastern Holdings Ltd. in Vietnam [8] for $35 million. [16] In late 2016, FWD agreed to buy AIG's Fuji Life Insurance ...
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Fubon Bank (Hong Kong) Limited ("Fubon Bank") is a wholly owned subsidiary of Fubon Financial Holding Co., Ltd. (“Fubon Financial Holdings”), one of the largest financial holding companies in Taiwan. Committed to becoming one of Asia’s first-class financial institutions, Fubon Financial Holdings has built a strong lineup of financial ...
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An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers under a contract.
Etiqa Insurance Pte. Ltd. was officially launched in August of 2014, selling its life insurance products at Maybank branches across Singapore. [ 6 ] In 2015, Maybank began acquiring shares in AsianLife and General Assurance Corp. (ALGA), an insurance group based in the Philippines which had been operational since 1958. [ 7 ]
Asia Capital Reinsurance Group ("Asia Capital Re") is a Singapore-based reinsurance company. [1]Asia Capital Re was founded in November 2006 by Tan Kwang Kherng, who served as the company's first Group Chief Executive Officer (CEO). [2]