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Prudential

Exclusive | Manulife’s new Macau office will help insurer tap Greater Bay Area opportunities, CEO says

by Anas Siddiqui
Exclusive | Manulife’s new Macau office will help insurer tap Greater Bay Area opportunities, CEO says

Manulife, the largest insurer in Canada and the largest pension provider in Hong Kong, will move to a new office in Macau in October to support its expansion in the …

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Life insurance sales in Hong Kong surged in first quarter thanks to world record policy, soaring demand from mainland visitors

by Anas Siddiqui
Life insurance sales in Hong Kong surged in first quarter thanks to world record policy, soaring demand from mainland visitors

That is higher than the pre-Covid levels. Mainlanders bought HK$12.8 billion of life and medical policies in the first quarter of 2019, representing 26.4 per cent of the total. HSBC …

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Prudential sees windfall from Hong Kong’s cash-for-residency scheme, Greater Bay Area opportunities, CEO says

by Anas Siddiqui
Prudential sees windfall from Hong Kong’s cash-for-residency scheme, Greater Bay Area opportunities, CEO says

Hong Kong’s revamped investment-migration programme is paying off for insurers such as Prudential Hong Kong, which is planning to expand its product line to appeal to the wealthy would-be Hongkongers …

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Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses

by Anas Siddiqui
Chinese insurance giant Ping An’s profit falls to 5-year low amid weakness in asset management, tech businesses

Ping An Insurance (Group), China’s largest insurer by market capitalisation, said its earnings fell for 2023 to their lowest level in five years, as strong sales of new policies were …

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Prudential is back in black with US$1.71 billion profit in 2023 as return of mainland China visitors to Hong Kong drives new sales

by Anas Siddiqui
Prudential is back in black with US.71 billion profit in 2023 as return of mainland China visitors to Hong Kong drives new sales

UK insurer Prudential reported a strong set of operating results for 2023 as the return of mainland Chinese visitors to Hong Kong boosted life insurance policy sales after the city …

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Exclusive | Janus Henderson to focus on Greater Bay Area, Hong Kong investment-migration scheme, CEO Ali Dibadj says

by Anas Siddiqui
Exclusive | Janus Henderson to focus on Greater Bay Area, Hong Kong investment-migration scheme, CEO Ali Dibadj says

“[Hong Kong] is a portal to such a huge part of the world and it is a portal that continues to grow,” Dibadj said, noting that it would be foolish …

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Spooked by a falling yuan, yield-seeking mainland Chinese scramble to buy insurance policies in Hong Kong

by Anas Siddiqui
Spooked by a falling yuan, yield-seeking mainland Chinese scramble to buy insurance policies in Hong Kong

On a quarterly basis, sales from July to September to mainlanders stood at HK$15 billion, 33 per cent lower than the HK$22.28 billion in the second quarter but 56 per …

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Exclusive: Hong Kong “excellent hub” for international insurers planning Asian expansions, Prudential CEO says

by Anas Siddiqui
Exclusive: Hong Kong “excellent hub” for international insurers planning Asian expansions, Prudential CEO says

Prudential’s CEO Anil Wadhwani, who is the British insurer’s first global head to be based in Hong Kong in its 175-year history, pledged to continue using the city as a …

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