FWD acquires MetLife Hong Kong.

FWD Group, a leading all-round insurance provider acquires MetLife's Hong Kong's operations from MetLife, a leading financial service company, providing insurance services. Financial terms were not disclosed. The acquisition of MetLife Hong Kong will further increase FWD’s market share in Hong Kong and reinforce its position as a leading life insurer in the city. The company plans to rename and rebrand the MetLife Hong Kong business, the statement said, adding that all existing MetLife Hong Kong policies will continue to be honored by FWD following the change in ownership. “MetLife Hong Kong is highly complementary to our existing business and the acquisition is another step towards fulfilling our ambition to build a leading pan-Asian life insurance platform. We look forward to welcoming the agents and employees from MetLife Hong Kong.” Huynh Thanh Phong, FWD Group CEO.