HSBC Insurance News

HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China

Greg Hingston, who took over as global chief executive of HSBC Holdings Plc’s insurance unit in January, has had a busy quarter, closing the group’s first acquisition in a decade, building out the China business and eyeing new deals to …

AIA’s Chamberlain Joins HSBC Insurance as Global Head of Product and Actuarial

Alistair Chamberlain has joined HSBC Insurance as global head of Product and Actuarial. Chamberlain will lead the development and management of all products manufactured by HSBC, and oversee partner-sourced insurance products and services for the group. Chamberlain will also lead …

HSBC Close to $1B Insurance Sale to AXA, QBE: Reuters

British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about $1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia’s QBE Insurance Group Ltd. expected to split …

HSBC Approaches Japanese Insurers on Sale of Non-Life Unit

HSBC Holdings has approached the top three property/casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday. Japanese insurers have been aggressively pursuing …

HSBC Insurance Chief to Step Down

HSBC’s global head of insurance, David Fried, is to step down next month, people familiar with the matter said. Fried will be replaced by Marcelo Teixeira, currently head of insurance in Latin America, one of the people said. Fried has …

Kane to Acquire HSBC’s Insurance Management Operations

Kane, a provider of specialist risk and insurance management services, announced that it has signed an agreement to acquire the insurance management operations of HSBC. The bulletin explained that “under the agreement, which has been signed with HSBC Bank Bermuda …