Hong Kong-based property and infrastructure group New World Development (NWD) in January 2019 acquired FTLife Insurance, Hong Kong, from JD Group. NWD, through its subsidiary NWS Holdings, paid HK$21.5 billion (US$2.75 billion) for FTLife. The deal is one of the top five insurance M&As ever in Hong Kong. Beijing-based Chinese financial firm JD Group in November 2018 had put FTLife up for sale. It was reported to be looking for

Manulife Hong Kong in July 2018 announced the promotions of Raymond Ng to Vice President and Head of Employee Benefits of Manulife (International), and Ellen Leung to Vice President and Chief Executive Officer of Manulife Provident Funds Trust Company.. Raymond Ng heads the strategic development and operation of both the pensions (MPF and ORSO) and group benefits (Life & Health) business of Manulife Hong Kong. He is responsible for

In a year deemed by many to be both one of global economic growth and geopolitical uncertainty, Hong Kong-headquartered Crown World Mobility (CWM) in March 2018 announced the launch of its 2018 Global Mobility Trends report. According to CWM, “This year, we expect millennials to have an even greater influence on mobility trends. Talent has arguably never been more globally mobile than it is today, and millennials are hungry

Massachusetts Mutual Life Insurance Company’s (MassMutual) international insurance holding company MassMutual International in March 2018 sold 85% of its wholly owned subsidiary MassMutual Japan to Nippon Life. MassMutual Japan, formerly known as Heiwa Life, was acquired by MassMutual in 2001. MassMutual will receive approximately USD 935 million in cash (JPY 104 billion) and retain approximately 15 percent ownership in MassMutual Japan. The transaction is expected to close in the first

WBN (Worldwide Broker Network) in June 2017 announced the addition of Pacific Prime as its latest member. Pacific Prime is a brokerage firm headquartered in Hong Kong, and a growing international health insurance advisor and property & casualty broker that leverages its close relationships with over 60 insurance companies. Founded in 1999 by Neil Raymond, Pacific Prime employs more than 400 staff including 35 nationalities. Raymond began his working career at Shell

AXA has announced in June 2015 the creation of AXA Lab Asia in Shanghai, identical to AXA Lab in the Silicon Valley. Led by Frank Desvignes, it will act as a business-focused center of expertise on data analytics and foster Research & Development. Meanwhile, AXA Strategic Ventures will open a new office in Hong Kong, so as to be in the best position to seize the numerous investment opportunities