News Snapshot:
Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list through an initial public offering (IPO), posted revenue of US$9.49 billion last year. FWD also said its net loss applicable to shareholders narrowed to US$243 million in the year ended Dec. 31, 2020, compared with a US$278 million loss a year earlier. The company had confidentially filed for the listing in June. FWD has not yet set the terms for...
