Richard Li’s insurer FWD enters Japan

FWD’s CEO Huynh Thanh Phong talks about why he is buying the Japanese insurer from AIG and how it fits into the insurance platform he is building across Asia.

Richard Li’s insurer FWD enters Japan

Billionaire Richard Li’s insurance company FWD has agreed to buy Fuji Life Insurance from AIG following a multi-year search for the right asset in the world’s second largest insurance market.

FWD, the insurance arm of Li’s Pacific Century Group, is building an insurance platform across Asia Pacific and Japan has long been a big piece of the puzzle.

“This acquisition creates a much more balanced presence in Asia,” FWD's CEO...

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