life insurance Tag

21 Mar Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses

Posted at 12:45h in Asia

Ping An Insurance (Group), China’s largest insurer by market capitalisation, said its earnings fell for 2023 to their lowest level in five years, as strong sales of new policies were offset by setbacks in its asset management and technology investment businesses.Its net profit fell 23...

28 Feb Exclusive | Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong

Posted at 23:30h in Asia

“The sale of such an insurance policy shows Hong Kong’s rise as a leading ultra-high-net-worth insurance market in Asia and the world,” Moncreiffe said in an exclusive interview with the Post. “Previously, such jumbo-sized policies have only been issued in the US, UK and Bermuda....

18 Feb Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’

Posted at 14:17h in Asia

FWD Group Holdings, a Hong Kong-based insurance business controlled by billionaire Richard Li Tzar-kai, said Li would maintain his control of the company amid speculation it was considering a potential stake sale worth over US$10 billion after a delayed initial public offering (IPO).FWD’s parent company...

life insurance Tag

21 Mar Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses

28 Feb Exclusive | Guinness World Records: HSBC Life clinches title with US$250 million insurance policy sale in Hong Kong

18 Feb Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’

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