On Monday, Hong Kong-based insurer FWD Group Holdings Limited started its first day of trading on the Main Board of the Hong Kong Stock Exchange (HKEX) with the stock code 1828.
The firm’s Founder and Pacific Century Group Chairman, Richard Li Tzar Kai, said in a statement that the firm is an international team of financial professionals focused on the fastest-growing insurance market in the world – Asia.
“Today’s listing is an important milestone for our customers, our partners, and our teams across Asia, and highlights Hong Kong’s continued strength as a good listing destination,
“We are proud to be serving 30 million customers and their families across Asia and we are looking forward to taking care of more of them – and more importantly, to their satisfaction,” he said.
Professor Frederick Ma, Chairman of FWD Group, said that the company’s successful listing on the Hong Kong Stock Exchange is a critical moment, as it brings in new investors to be part of FWD Group’s journey.
“The significant response to our initial public offering is a testament to the strong appeal and proven strategy of our business,
“It’s also a recognition of the vast opportunities for Hong Kong businesses to serve the unique needs of customers across Asia – bridging protection gaps, meeting rising demand from the region’s growing middle classes and blazing new trails in digital innovation,” he added.
Huynh Thanh Phong, Group Chief Executive Officer and Executive Director of FWD Group, said the firm is excited to continue changing the way people feel about insurance as a public company listed here, in Hong Kong, where the FWD story first began in 2013.
“I would like to pay tribute to the enduring trust of our customers, the dedication of our agents, partners and investors, and the passion of our employees who have brought our customer-led and tech-enabled model to life,
“We look forward to building upon our solid growth momentum to deliver long-term sustainable value for all our stakeholders,” he added.
According to the company, it plans to use the money raised from the global offering to strengthen its finances and give itself more flexibility. This may include paying off some debt and investing in growth. The company also aims to expand its customer base and enhance its digital tools and strategy.
FWD is a life and health insurance company that operates across Asia. It serves around 30 million customers in 10 markets, including BRI Life in Indonesia.
FWD focuses on making insurance simple and easy to understand, using technology and customer feedback to offer better products and services. Founded in 2013, the company operates in some of the world’s fastest-growing insurance markets.
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