Reinsurance News
FWD Group
Sharp rise in electric vehicle insurance premiums and unsustainable write-offs: FWD
22nd July 2025
There has been a sharp rise in electric vehicle (EV) insurance premiums, driven by higher repair costs, labour expenses, and parts shortages — factors that often lead to unsustainable write-offs after minor accidents, according to a recent white paper by FWD Research. The paper draws on insights from a survey of ... Read the full article
FWD Group’s value of new business grows 16% to $623m in 9M’24
6th November 2024
FWD Group Holdings Limited (FWD Group), a global insurance company, reported strong year-on-year growth in the value of new business (VNB), reaching $623 million for the nine months ended September 30, 2024, a 16% increase compared to the same period last year. All four geographic segments—Hong Kong SAR & Macau SAR; ... Read the full article
FWD Group posts $223m operating profit in H1’24
28th August 2024
FWD Group, an Asian insurance company, has announced its financial results for the first half of 2024, reporting an operating profit after tax of US$223 million, which reflects positive contributions from the company's four geographic business segments: Hong Kong SAR & Macau SAR; Thailand & Cambodia; Japan; and Emerging Markets. At ... Read the full article
FWD Group sees operating profit growth in 2023
19th March 2024
FWD Group has announced its 2023 financial results, reporting $372 million in operating profit after tax, a 27% increase from 2022’s $299 million, and a new business value of $991 million, up 22% compared to the prior year. Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, ... Read the full article
FWD Group becomes majority stakeholder of FWD Takaful Berhad
18th March 2024
FWD Group Holdings Limited, an Asian insurance company, has completed an additional investment for a further 21% stake in FWD Takaful Berhad, making it the majority shareholder with a 70% holding. The remaining 30% is held by the Employees Provident Fund, while JAB Capital Berhad is no longer a shareholder after ... Read the full article
FWD Group extends Microsoft partnership on AI and cloud
28th February 2024
FWD Group, a pan-Asian life insurance business, has announced it is extending its partnership with Microsoft to provide access to the latest generative artificial intelligence (AI) innovations, while continuing to support FWD's cloud-first technology strategy. Through the four-year agreement, FWD Group plans to drive its generative AI initiatives - a journey ... Read the full article
FWD reportedly considering stake sale following IPO delays
19th February 2024
FWD Group Holdings Limited, an Asian insurance company, is considering selling shares among other options after delaying a planned initial public offering (IPO), as reported in a recent news article by Bloomberg. If a deal proceeds, it is reported that FWD will likely seek a valuation of over $10 billion. Big global ... Read the full article
Athene reinsures Japanese life risks for FWD. Swiss Re provides mortality retro
27th November 2023
Life and retirement specialist Athene Holding Ltd., which is a Bermuda based subsidiary of global asset manager Apollo, has completed its first block reinsurance transaction in Japan, covering an in-force block of life insurance policies for FWD Life Insurance Co. Ltd. Japanese domiciled insurer FWD Life Insurance Co. Ltd. is part ... Read the full article
FWD Group announces robust growth momentum
7th November 2023
Pan-Asian life insurance business, FWD Group sees “another quarter of robust double digit new business growth”, Group Chief Executive Officer, Huynh Thanh Phong stated as the company publishes its business highlights for the nine months ended 30 September 2023. New business sales for the FWD Group grew 22%, to $1,253 million. ... Read the full article
FWD Group’s H1’23 value of new business surges by 22% to $482m
4th September 2023
FWD Group Holdings Limited (FWD Group), a global insurance company, has reported a remarkable financial performance for 2023 first half, with its value of new business surging to US$482 million, a substantial 22% increase from the previous year, as revealed in a filing with the Stock Exchange of Hong Kong ... Read the full article
FWD Group renames Malaysian life insurance business, appoints Chowla as CEO
1st August 2023
FWD Group Holdings Limited has named Aman Chowla the new Chief Executive Officer for its Malaysian life insurance business, which has been renamed FWD Insurance Berhad from Gibraltar BSN Life Berhad. These developments follow the recent completion of the company's investment, together with other investors, in the business formerly known ... Read the full article
FWD Group hires former SiriusPoint CEO Sid Sankaran as its CFO
31st May 2023
Pan-Asian life insurance company FWD Group Holdings Limited has announced the hiring of former SiriusPoint CEO Sid Sankaran as Managing Director and Group Chief Financial Officer (CFO). Sankaran will take on his new role at FWD Group from September 1st 2023, subject to regulatory approval, but joins the company as a ... Read the full article
FWD to enter Malaysian life market with investment in Gibraltar BSN
22nd February 2023
FWD Group Holdings Limited, a pan-Asian life insurance business, will enter the Malaysian life insurance market following the signing of an agreement to invest in a majority stake in Gibraltar BSN Life Berhad. The transaction is expected to close in the second quarter of 2023. In a press release, it states that FWD ... Read the full article
FWD Group partners with dacadoo amidst mobile app launch
18th August 2022
FWD Group Holdings Limed (FWD) has partnered with Swiss insurtech dacadoo to launch the new mobile app, omne. omne is a well-being app designed to help people celebrate living through tools that foster micro-habits and achieve daily goals. The self-described easy-to-use app provides a suite of activities and content such as music, ... Read the full article
FWD Group appoints new Chairman
11th July 2022
FWD Group Holdings Limited has announced that Professor Frederick Ma, currently Deputy Chairman and an Independent Non-Executive Director, has been appointed Chairman of the Board of Directors, effective immediately. Prof. Ma succeeds Ronald Arculli who is retiring as chairman. FWD Group has stated that Arculli will remain as a Non-Executive Director until ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
