https://www.scmp.com/rss/521448/feed FWD Group is an insurance company based in Hong Kong. Founded in 2013 as the insurance arm of the Pacific Century Group, the company provides life and medical insurance, general insurance and employee benefits throughout Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ralph Jennings,Kandy Wong Ralph Jennings,Kandy Wong Indonesia, home to one of the world’s largest unbanked and underbanked populations, is pushing to enhance financial inclusion. “In Indonesia, the role of digitalisation is essential,” said Kartika Wirjoatmodjo, chairman of the board and president commissioner at PT Bank Rakyat Indonesia, at the China Conference: Southeast Asia 2026 in Jakarta on Tuesday. PT Bank Rakyat Indonesia is the oldest bank in the country and has made expanding financial inclusion in the Southeast Asian nation a top... https://www.scmp.com/economy/global-economy/article/3343090/indonesia-turns-digital-finance-reach-unbanked-population?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3343090/indonesia-turns-digital-finance-reach-unbanked-population?utm_source=rss_feed Tue, 10 Feb 2026 12:44:27 +0000 Enoch Yiu Enoch Yiu FWD Group, a regional insurer founded by Hong Kong billionaire Richard Li Tzar-kai, said its first-half net profit jumped 15 times on strong sales growth and one-off cost reductions. In the first results since FWD’s HK$3.61 billion (US$466 million) initial public offering (IPO) in July, net profit soared to US$47 million from US$3 million a year earlier, the company said on Friday. The insurer said it would not pay an interim dividend. Driving the profit increase, annualised premiums from new... https://www.scmp.com/business/companies/article/3323649/fwd-profit-jumps-15-times-life-policies-spike-costs-drop-following-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/companies/article/3323649/fwd-profit-jumps-15-times-life-policies-spike-costs-drop-following-hong-kong-ipo?utm_source=rss_feed Fri, 29 Aug 2025 09:08:19 +0000 Cheryl Arcibal Cheryl Arcibal FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday. The company would consolidate and expand its presence in the Devon House building by adding four and a half floors to accommodate business growth. The expansion will make FWD the largest office tenant in Taikoo Place, a complex featuring 10 prime... https://www.scmp.com/business/article/3323327/fwd-expands-taikoo-place-office-become-largest-tenant-swire-properties-complex?utm_source=rss_feed https://www.scmp.com/business/article/3323327/fwd-expands-taikoo-place-office-become-largest-tenant-swire-properties-complex?utm_source=rss_feed Wed, 27 Aug 2025 08:20:35 +0000 Enoch Yiu,Julie Zhang Enoch Yiu,Julie Zhang FWD Group wrapped up its first trading day in Hong Kong with a modest gain, as the insurer’s four-year journey to list on a stock market brought it from New York back to its hometown. Trading under the stock code 1828, FWD’s shares ended Monday at HK$38.40 in a declining market, a 1-per cent premium to its initial public offering (IPO) price of HK$38, after swinging between a loss of 2.5 per cent and an intraday gain of 2.1 per cent. The IPO, which raised HK$3.47 billion (US$442 million) last... https://www.scmp.com/business/article/3317150/fwd-plots-next-growth-phase-hong-kong-ipo-opens-access-capital-ceo-says?utm_source=rss_feed https://www.scmp.com/business/article/3317150/fwd-plots-next-growth-phase-hong-kong-ipo-opens-access-capital-ceo-says?utm_source=rss_feed Sun, 06 Jul 2025 23:30:11 +0000 Julie Zhang Julie Zhang FWD Group has launched its long-anticipated initial public offering (IPO) in Hong Kong, as the pan-Asian insurer founded by local tycoon Richard Li Tzar-kai approaches the end of a four-year odyssey for capital that has taken it from New York back to his hometown. FWD plans to sell 91.34 million shares at HK$38 each, according to a filing on Thursday to the Hong Kong exchange, valuing the insurer at HK$48.3 billion (US$6.15 billion). The insurer could upsize the IPO to 105 million shares and... https://www.scmp.com/business/banking-finance/article/3315854/richard-lis-fwd-files-us512-million-hong-kong-ipo-amid-slew-jumbo-deals?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3315854/richard-lis-fwd-files-us512-million-hong-kong-ipo-amid-slew-jumbo-deals?utm_source=rss_feed Thu, 26 Jun 2025 01:53:38 +0000