FWD Group Holdings Limited has announced the completion of its majority investment, with other investors, in Gibraltar BSN Life Berhad, marking its entry into the Malaysian life insurance market.
The transaction was originally announced on 20 February 2023. As a result, FWD Group can now provide a full-service offering in Malaysia, which it first entered in March 2019, spanning both life insurance and family takaful products.
FWD Group is a pan-Asian life insurance business with more than 10 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. It reached its 10-year anniversary in 2023.
