FWD Group completes AIG Fuji Life Insurance acquisition

ABS-CBN News

Posted at May 17 2017 10:52 AM

MANILA - FWD Group said Wednesday it completed its acquisition of AIG Fuji Life Insurance from American International Group.

FWD Group, which has 1.2 million customers in the Philippines, Hong Kong, Macau, Thailand, Indonesia, Singapore, and Vietnam did not disclose details of the transaction.

All existing polices of AFLI will be honored by FWD Group, the company said in a statement.

The acquisition will help FWD Group become a leading pan-Asian insurer, said CEO Huynh Thanh Phong.