Reinsurance News
FWD Group
Swiss Re among investors in $1.4bn FWD capital raise
14th December 2021
Pan-Asian life insurer FWD Group Holdings Limited has announced that it has entered into subscription agreements with a number of investors, including reinsurer Swiss Re. Together, the investors agreed to participate in private placements which are to raise US $1.425 billion in aggregate. The private placements will take the form of cash ... Read the full article
Swiss Re’s Magnum solution adopted by FWD Fuji Life
24th November 2020
Swiss Re has announced that its automated underwriting solution, Magnum, has been adopted by Japanese life insurer FWD Fuji Life Insurance Co. FWD Fuji Life is the first life insurer in Japan to adopt the solution, which it believes will enable a faster, paperless customer experience. Using Magnum, customers will be able ... Read the full article
FWD Singapore enhances underwriting engine
8th September 2020
Singapore based insurer, FWD Singapore (FWD) has widened the use of UnderwriteMe’s proprietary underwriting rules engine. This has been put in place to support instant underwriting of applications for its recently launched financial advisory distribution channel, through the FWD SMART platform. FWD’s expansion into the FA distribution channel comes amidst the COVID-19 ... Read the full article
FWD Philippines opts for digital solution from Pacific Life Re
26th March 2020
Pacific Life Re has announced a new partnership with FWD Philippines, which will see FWD adopt a digital solution from Pacific Life Re’s insurtech subsidiary, UnderwriteMe. The solutions was built on the Underwriting Rules Engine and is designed to enable a much shorter application process, while minimising the review time needed ... Read the full article
Pacific Life Re & FWD Singapore partner on automated underwriting tech
29th July 2019
Pacific Life Re has announced a new partnership with FWD Singapore, which will see FWD adopt automated underwriting technology powered by Pacific Life Re’s insurtech subsidiary, UnderwriteMe. The digital solution, which is built on the Underwriting Rules Engine (URE), is expected to enhance FWD's real-time risk assessment on policy applications and ... Read the full article
FWD is in advanced talks to acquire MetLife Hong Kong: Reports
25th June 2019
The South China Morning Post has reported that FWD Group, the Swiss Re backed insurance business of Pacific Century Group (PCG), is in advanced talks to acquire MetLife's Hong Kong insurance business. According to reports, an agreement between the two companies could be made within the next few weeks. People close ... Read the full article
FWD Group to acquire Indonesian life insurance unit from CBA
24th October 2018
FWD Group, the Swiss Re backed insurance business of Pacific Century Group (PCG), has announced that it plans to acquire a majority stake in PT Commonwealth Life, the Commonwealth Bank of Australia’s (CBA) Indonesian life insurance venture. The arrangement will also see FWD enter into a 15-year life insurance distribution partnership ... Read the full article
FWD Group rumoured to be preparing for IPO
27th June 2018
FWD Group, the Swiss Re backed insurance business of Pacific Century Group (PCG), is preparing for a potential initial public offering (IPO) after five years of expansion through acquisitions, according to sources at Bloomberg. The company has reportedly held preliminary discussions with investment banks about a possible IPO in the next ... Read the full article
FWD plans joint venture in Shanghai as China relaxes regulation
15th May 2018
FWD Group, the Hong Kong based insurance business of Pacific Century Group, is planning to set up a life insurance joint venture in Shanghai, as China opens up its financial sector to more foreign investment, according to the South China Morning Post (SCMP). Under China’s new policy, FWD can take up ... Read the full article
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