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In June 2019, FWD Group purchased MetLife's business in Hong Kong [7] [14] reportedly for around $400 million. [10] That month, FWD Group agreed to buy SCB Life Assurance, the life insurance business of Thailand’s Siam Commercial Bank, for $3 billion, "reflecting the largest insurance deal in Southeast Asia in terms of value." [7] [22] FWD ...
Interior atrium in January 2014 Cityplaza One in November 2009, a 27-storey office building completed in 1997 "Ice Palace" skating rink in September 2020. Cityplaza (Jyutping: taai 3 gu 2 sing 4 zung 1 sam 1) is an office and shopping mall complex, developed by Swire Properties, in Taikoo Shing, Hong Kong.
BOC Group Life Assurance Company Limited: Hong Kong: Long Term Bowtie Life Insurance Company Limited: Hong Kong: Long Term British Marine Luxembourg S.A. Luxembourg: General BUPA (Asia) Limited: Hong Kong: General CAF International Insurance Company Limited: Hong Kong: General California Insurance Company, Limited: Hong Kong: General Canada ...
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 ...
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 ...
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 ...
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 ]
Hong Kong's market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some ...