News Snapshot:
FWD Group Holdings Ltd., an insurance company owned by Hong Kong billionaire Richard Lee, filed its filing for a stock market listing in the United States on Thursday, September 23, revealing a jump in revenue last year. The insurer, which will be listed through an initial public offering (IPO), posted revenue of $9.49 billion last year. FWD also said that its net loss attributable to shareholders narrowed to $243 million for the year ended December 31, 2020, compared to a loss of $278 million a year earlier. The company had applied for listing confidentially in June. FWD has yet to...
