FWD in talks to buy MetLife's Hong Kong insurance unit

Pedro Gonçalves
clock
FWD in talks to buy MetLife's Hong Kong insurance unit

FWD Group is said to be in advanced talks to buy MetLife's Hong Kong insurance unit in what would be the latest in a string of acquisitions by the insurer backed by billionaire Richard Li, Bloomberg reports. The deal could value MetLife Hong Kong at under $400m, priced close to its embedded value, or a measure of the value of its insurance contracts. Insurance products are popular among mainland Chinese customers because they are seen as offshore investments that can help diversify their assets...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login