FTLife

FTLife Insurance Company Limited (FTLife) is one of Hong Kong's life insurance companies and a wholly owned subsidiary of NWS Holdings Limited.

FTLife Insurance Company Limited
Private
FoundedHong Kong (1985)
HeadquartersHong Kong, China
Key people
Gerard Yang, CEO
ProductsInsurance
OwnerNWS Holdings Limited
Number of employees
400+
Websitewww.ftlife.com.hk/en/index.html

History

In 1994, NZI Life (Bermuda) Limited was acquired and renamed Top Glory Insurance Company (Bermuda) Limited (TGI). In the same year Pacific Century Group became the major shareholder of TGI.

In 1999, the company name was changed into Pacific Century Insurance. In July of the same year the Pacific Century Insurance Holdings Limited (PCIHL) was listed on The Stock Exchange of Hong Kong Limited.[1] Pacific Century Insurance Company Limited (PCI) became the subsidiary operating life insurance and other insurance businesses.

In 2007, Pacific Century Regional Developments entered into an agreement with Fortis on the sale of Pacific Century Insurance. In August 2007, the company renamed as Fortis Insurance Company (Asia) Limited.

In July 2010, Fortis Insurance Company Asia Limited was renamed as Ageas Insurance Company (Asia) Limited to align with the new brand adopted by the parent company Ageas.

In May 2016, JD Group successfully acquired Ageas Insurance Company (Asia) Limited from Ageas Group. In September 2016, Ageas Insurance Company (Asia) Limited was renamed as FTLife Insurance Company Limited.[2]

In November 2019, NWS Holdings Limited completed the acquisition of FTLife.

gollark: Oh no, fractional timezone offsets.
gollark: 16:28, apparently.
gollark: `cargo run magically-convert-all-your-code-to-rust`
gollark: I mean, if you wrote this in Brain[REDACTED] or BancSTAR, it would be much harder and worse.
gollark: Lots of tools are actually bad, though.

References
  1. "From PCI Official Website". Pcihl.com. Retrieved 2014-07-29.
  2. "CEO's Letter to Customers". FTLife. Archived from the original on 2016-10-05. Retrieved 2016-09-30.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.