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Insurer Income may underwrite FWD’s motor insurance plans, sources say

The Straits Times LogoThe Straits Times4d ago

Insurer Income may underwrite FWD’s motor insurance plans, sources say - The Straits Times

Quick Summary:

FWD's motor insurance plans will soon be underwritten by insurer Income, and policyholders might have to pay more.

In early June, Reuters reported that billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong after regulatory delay and market volatility scuppered previous attempts to take it public.

This comes as FWD struggles with the loss-making motor insurance business – something not unique to the firm.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 16:30:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21400831

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 11 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 14 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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