News Snapshot:
Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made public its application for listing in the United States on Thursday, revealing an increase in revenues last year. The insurer, which will be listed through an initial public offering (IPO), reported sales of $ 9.49 billion last year. FWD also said its net loss applicable to shareholders fell to $ 243 million in the fiscal year ended Dec.31, 2020, from a loss of $ 278 million a year earlier. The company had filed a confidential listing application in June. FWD has yet to set the terms...
