News Snapshot:
The insurer, which will list through an initial public offering, posted revenue of $9.49 billion last year. FWD also said its net loss applicable to shareholders narrowed to $243 million in the year ended December 31, 2020, compared with a $278 million loss a year earlier. Sept 23 (Reuters) – 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. Richard Li is the son of Hong Kong’s richest man Li Ka-Shing. FWD’s foundation was...
