Over the past six years, insurer FWD Group has spent $6 billion to buy over firms in Asia. This has established the company's presence in Hong Kong, Macau, Singapore, Japan, Thailand, Indonesia, Malaysia, the Philippines, and Vietnam.
The company's already in eight Asian markets, but its chief executive officer said Friday that he aims to build it into a 'pan-Asian insurance group."Elderly customers fill out a policy at the offices of the Ping An Insurance company in Shanghai, China, on January 31, 2007.has been on an aggressive expansion path and has a presence in eight Asian countries.
"We aim to build a pan-Asian insurance group, and that means presence in the key markets in Southeast Asia ... to make sure that we have the in-depth presence in terms of distribution and scale," FWD's chief executive officer Huynh Thanh Phong told CNBC at the"ASEAN, Southeast Asia is a key growth market for us ... China market is critically important for the future," he said., like U.S.
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