PCGI Intermediate Holdings, the parent company of FWD Group and FWD, has filed confidentially for a US initial public offering, moving ahead with preparations for a long-awaited listing, according to a report by Bloomberg.
China Reinsurance Company (Hong Kong) (China Re HK) has had its financial strength rating upgraded to A (Excellent) from A- (Excellent) by AM Best, while the outlook for its long-term issuer credit rating has also been revised to positive from stable.
Hong Kong telecommunications service provider HKT's loyalty programme and digital ventures arm, The Club, has launched a new direct-to-consumer insurance online platform - Club Insurance, with insurance solutions provided by FWD Hong Kong (FWD).
Reskilling in Hong Kong's insurance industry is focused on enhancing workers' ability to make business decisions in an increasingly data-driven environment, and on virtual management and leadership skills, says Zurich Insurance Group in its "Shaping A Brighter Future of Work" report released last month.
AXA Hong Kong and Macau has released a video series to inspire and encourage customers to support green initiatives in their everyday life.
Hong Kong-based Azure Risk, a digital provider of marine and freight forwarding insurance, has been granted licence by the Hong Kong Insurance Authority to expand its operations beyond its traditional offerings.
Many companies in the region are still falling short when it comes to fostering an LGBTQ+-friendly working environment through diversity and inclusion (D&I) initiatives according to a new study commissioned by AXA.
Total revenue premiums of in-force long term business in Hong Kong fell by 5.2% to HK$139.1bn ($18bn) in the first quarter of 2021, compared to the corresponding quarter in 2020, according to data released by the Hong Kong Insurance Authority.
Overall general insurance business in Hong Kong has seen a 55.6% jump in underwriting profit to HK$512m ($66m) for the first three months of this year compared to HK$329m for the corresponding period last year, according to data from the Hong Kong Insurance Authority.
Continued restrictions on cross-boundary passenger traffic between mainland China and Hong Kong has taken a heavy toll on new insurance business derived from mainland visitors.