FWD Group to acquire a majority stake in Gibraltar BSN.

FWD Group, a multinational insurance company based in Hong Kong, agreed to acquire a majority stake in Gibraltar BSN, a Malaysian life insurance company. Financial terms were not disclosed. "We’re creating a full-service offering in Malaysia and will be able to offer both family takaful and life insurance solutions in a rapidly growing market with huge long-term potential for growth. We’re excited to bring our digitally-enabled products and services to more people in Malaysia. With these strategic developments, we also substantially complete our footprint across key Southeast Asia markets in the 10th anniversary year for FWD Group. Changing the way people feel about takaful and insurance remains the vision that guides our work," Huynh Thanh Phong, FWD Group CEO.