FWD Group raises $1.425b from private investors

The investment will take the form of cash subscription of new ordinary shares.

Hong Kong-headquartered insurance group FWD Hong Kong has announced that it has entered into subscription agreements with a number of investors including a subsidiary of leading retirement services company Athene Holding Ltd. to raise $1.425b.

The private placements will take the form of cash subscription of new ordinary shares to be issued by FWD. The proceeds will be used to provide additional capital to support FWD’s growth momentum and to reduce its debt.

FWD has been performing well in 2021, with the value of new business growing 45% YoY in H1 2021, followed by a 21% YoY growth in Q3 2021.

“These latest investments in FWD reflect a recognition of our ability to continue our strong growth momentum in the attractive Asian life insurance sector,” FWD Group chief executive officer and executive director Huynh Thanh Phong said.

Follow the link for more news on

FWD

FWD Group New Private Placements

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit