FWD Group Holdings Limited announced the completion of its high-net-worth hub in Asia under its FWD Private brand. The completion includes the full deployment of its new FWD Private Lounge in Hong Kong.
FWD’s high-net-worth business operates out of three jurisdictions: Hong Kong, Singapore, and Bermuda, offering both onshore and offshore insurance solutions for high-net-worth and ultra high-net-worth customers worldwide.
“The completion of the HNW hub reflects our long-term vision and reinforces FWD’s position… across Asia and beyond,” said Ken Lau, Managing Director of Greater China and Hong Kong CEO at FWD. He added that the business can now serve additional markets, including Southeast Asia and the Middle East.
In Bermuda and Singapore, FWD Private launched Imperial Fortune – an indexed universal life product that combines uncapped index returns with a minimum guaranteed point-to-point return of 2.3% per annum.
FWD Hong Kong also launched its indexed universal life product, which was among the first wave of offerings in the market, in response to recent regulatory guidance from the Insurance Authority and Hong Kong Monetary Authority.
The high-net-worth expansion follows FWD Group’s successful Hong Kong Stock Exchange listing in July, which raised HK$3.47bn (US$442m) and closed 1.05% above the IPO price after attracting strong investor interest with 37.1 times oversubscription.
