FWD Group buys AIG Fuji Life Insurance Company
FWD Group just picked up AIG’s life insurance business in Japan known as AIG Fuji Life Insurance Company. For AIG, this signals the insurer’s desire to focus on Japan’s P&C market via its local subsidiaries (Think: Fuji Fire & Marine, AIU Insurance Company, and American Home Assurance Company). For FWD Group this signals an entry strategy to Japan’s life insurance sector. Win. Win . Fun Fact: Richard Li, aka one of Hong Kong’s 50 richest men, is the brain behind FWD Group and this isn’t the first time he picks up assets from AIG.