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.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Beale to step down from Lloyd’s at year end

Assurant completes $1.3bn P&C reinsurance programme

Liberty-backed insurtech REIN secures $7.3m; launches drone coverage

Athene interested in GE’s LTC insurance business

Lockton posts 8% organic growth in the US

Freddie Mac completes $300m reinsurance transaction

Don't miss our insurtech email newsletter - sign up today