News Snapshot:
FWD Group Ltd., the Asian insurer backed by billionaire Richard Li, is planning a Hong Kong initial public offering that could raise as much as $3 billion, according to people familiar with the matter. FWD is working with advisers on the potential share sale, which could take place as soon as next year, said the people, who asked not to be identified as the information is private. Deliberations are at an early stage and details of the offering could change, the people. A representative for FWD declined to comment. Founded in 2013, FWD has $50.9 billion in assets under management,...
