Insurance

FWD hires Boon-Kee Tan to spearhead M&A drive

Tan will help build FWD, the insurance arm of Richard Li’s Pacific Century Group, into a regional platform.

FWD Group said on Tuesday that it has hired Boon-Kee Tan as its group chief business officer This is a new role as the insurer pushes to become a regional player

Founded in 2013, the Hong Kong-based insurer, which is owned by tycoon Richard Li, continues to make strides as it builds out its platform

"FWD is crafting a business with a footprint across growth markets that will ultimately look very similar to [Hong Kong-based] AIA," said one person familiar with its plans  

On October 23, FWD agreed to acquire Commonwealth Bank of Australia’s 80% interest in Indonesian life insurance business PT Commonwealth Life for around $302 million Concurrently, FWD is...

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