We’ve come along away since Pacific Century Group announced that it was buying ING’s Hong Kong, Macau and Thailand insurance businesses in February 2013. It was the first step in the Group’s plan to build a different kind of insurance company: FWD.
A brief history of FWD
Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group.
FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.
We entered Thailand, Hong Kong and Macau with the acquisition of ING Insurance
We opened for business in Indonesia
We launched in the Philippines, having been granted the first life insurance licence in nearly 10 years
We opened our China Representative Office
We entered the Singapore market with a composite licence
We entered Vietnam with the acquisition of Great Eastern Life Vietnam
We entered Japan with the acquisition of AIG Fuji Life Insurance Company
We entered Malaysia with the acquisition of 49% stake in HSBC Amanah Takaful (Malaysia)
We completed the acquisition of SCBLIFE and entered into a 15- year exclusive bancassurance partnership with Siam Commercial Bank in Thailand
We completed the acquisition of Vietcombank-Cardif Life Insurance and entered an exclusive 15-year bancassurance partnership with Vietcombank in Vietnam
We completed the acquisition of MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited from MetLife, Inc.
We completed the acquisition of PT Commonwealth Life and entered into a 15-year distribution partnership with PT Bank Commonwealth in Indonesia
Pacific Century Group
Pacific Century Group (PCG) is an Asia-based private investment group established in 1993 with interests across three core business pillars; technology, media & communications (TMT), financial services, and property.
PCG has demonstrated a strong track record of successful investing, and has a long-term sustainable network in Asia and across its core business pillars.