FWD completed the acquisition of Vietcombank-Cardif Life Insurance from BNP Paribas.

FWD, a life and medical insurance agent completed the acquisition of Vietcombank-Cardif Life Insurance, a life insurance joint venture between Vietcombank and BNP Paribas Cardif, from BNP Paribas, a French international banking group. Financial terms were not disclosed. “Vietnam is one of the fastest-growing insurance markets in Asia and we are excited to expand our presence through this significant acquisition. I’m thrilled that we can finally begin this new exciting chapter and I’d like to personally welcome all the staff, salesforce and customers of VCLI to FWD and look forward to working together to grow our business, bring fresh and positive experiences to our customers and ultimately change the way people feel about insurance,” Huynh Thanh Phong, FWD Group Chief Executive Officer.