The centre, which replaces the insurer's former Causeway Bay facility, offers services on trusts, tax, legal structures, family offices, and succession planning.
Premium income and new annuity sales strengthen even as rising policy surrenders, bond yield pressures, and higher operating expenses weigh on the sector.
The Italian-headquartered insurer posted a record €8bn operating result globally, with Asia life business outpacing every other region in terms of growth.
