FWD Group

FWD Group
Company typePrivate
IndustryFinancial services (insurance)
Founded2013 in Hong Kong
FounderRichard Li
Headquarters
Hong Kong
Areas served
Hong Kong, Macau, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, Japan, Singapore, Cambodia[1]
Key people
  • Huynh Thanh Phong (CEO)
  • Frederick Ma (Chairman)
  • Simeon Preston (COO)
  • Sid Sankaran (CFO)[2]
  • Binayak Dutta (Managing Director)[3]
AUMUS$63 billion (2021)[1]
OwnerApollo Global Management, Canada Pension Plan Investment Board, Huatai Securities, Li Ka Shing Foundation, Metro Pacific Investments and Pacific Century Group[1]
Number of employees
6,100 (2021[1])
ParentPacific Century Group
Websitefwd.com

FWD Group is an insurance company based in Hong Kong.[4][5][6][7] Founded in 2013[8] as the insurance arm of Pacific Century Group, the company provides life and medical insurance, general insurance and employee benefits[9] in Asia.[10] As of 2021, the FWD managed approximately US$63 billion in assets.[11] The company filed for its IPO in 2022 and refiled its Main Board listing application with the Hong Kong Stock Exchange on March 13, 2023.[12][13]

The company celebrated its 10th anniversary in 2023 and currently operates in Hong Kong, Japan, Macau, Singapore, Thailand, Philippines, Indonesia, Vietnam, Malaysia, and Cambodia.[1]

  1. ^ a b c d e Cite error: The named reference employees was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference cfo was invoked but never defined (see the help page).
  3. ^ "Our Team;" FWD Group
  4. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).
  5. ^ "Hong Kong Insurer FWD Group Eyes Singapore Listing". Insurance Journal. July 31, 2018.
  6. ^ Soon, Stella (September 20, 2019). "Asian insurer FWD is expanding aggressively in Asia". CNBC.
  7. ^ "Richard Li's FWD acquires life insurance unit of Thailand's Siam Commercial Bank". South China Morning Post. July 1, 2019.
  8. ^ Cite error: The named reference 2016:carriermanagement.com was invoked but never defined (see the help page).
  9. ^ Hermesauto (4 December 2019). "FWD to pull out of group medical insurance business in Singapore". The Straits Times.
  10. ^ "Richard Li's FWD Group acquiring an Asian insurance empire". www.ft.com. 28 June 2019.
  11. ^ Cite error: The named reference a was invoked but never defined (see the help page).
  12. ^ "Billionaire Richard Li's FWD Files for Hong Kong IPO". Wall Street Journal. February 28, 2022.
  13. ^ "Billionaire Li's FWD Filing HK IPO Application Again, Sources Say". Wall Street Journal. March 13, 2023.