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Richard Li's insurer offers geopolitical cover

March 24, 2023
Source: reuters.com reuters.com
News Snapshot:
HONG KONG, March 22 (Reuters Breakingviews) - Time may be on Richard Li’s side. The tycoon is preparing to list his $9 billion Asian insurer FWD in his home city of Hong Kong after three false starts, including a roundtrip to New York, in just two years. The delay may ultimately be a blessing for him and his early backers including Swiss Re (SRENH.S). FWD turns ten this year. It’s young compared to established rivals in the city; $116 billion AIA (1299.HK) recently celebrated its centenary; Prudential (PRU.L), is more than 150 years old. Li touts youth as an advantage...
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