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Richard Li’s FWD sets world record with sale of US$318m life insurance policy

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Richard Li’s FWD sets world record with sale of US$318m life insurance policy
Photo / Coverage: SCMP - China Feed 2Credit: Enoch Yiu
EXECUTIVE SUMMARY

FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024. FWD did not name the client but said

Key Takeaways

  • Richard Li’s FWD sets world record with sale of US$318m life insurance policy.
  • The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year.
  • Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024.

FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024. FWD did not name the client but said...

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