HSBC Life has named a new Hong Kong CEO aiming to capture the rising demand for insurance protection and wealth management in the Greater Bay Area (GBA). Daisy Tsang, who has worked for HSBC for more than two decades, has been named as the CEO of HSBC Life Hong Kong, effective 1 August 2024, subject to regulatory approval, the insurance […]

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HSBC has promoted its Hong Kong insurance head to CEO of HSBC Global Insurance. The bank’s insurance business has seen growth from U/HNW clients in recent years. The bank has announced the appointment of Edward Moncreiffe as CEO of HSBC Global Insurance, replacing Greg Hingston, who is pursuing other career opportunities, with immediate effect. Moncreiffe has been with the HSBC […]

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HSBC Life has issued a US$250m life insurance policy to an UHNW, breaking the Guinness Wold Record for the most valuable policy ever sold. The policy, issued and fully underwritten by HSBC Life, was taken out earlier this year by an UHNW customer, the company said on Thursday. The bank added that the contract is an HSBC Life Paramount Global […]

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What a difference a few years can make to your business. “Up until the end of 2019, roughly 40% of our customers’ premium inflow was derived from non-resident Chinese customers,” Edward Moncreiffe told Asian Private Banker. And before the pandemic, distribution through-third party brokers was higher than from the HSBC brands. “Now, clearly that non-residents market has gone,” the CEO […]

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