FWD Group becomes majority shareholder in Malaysian Takaful provider FWD Takaful Berhad.
FWD Group, a pan-Asian life insurer, has increased its stake in Malaysian Takaful provider FWD Takaful Berhad to 70%, becoming the majority shareholder. Since entering the Malaysian market in 2019, FWD has expanded its operations in the Southeast Asia region, which contributes over half of its value of new business. The firm aims to change the way people view insurance through innovative, digital products.
March 11, 2024
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