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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