HKG:1299

2 stories mentioning HKG:1299Updated 22m ago

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Market Chatter: AIA, Prudential Deepen Push For High Net Worth Clients With New Roles

AIA Group (HKG:1299) and Prudential (SGX:K6S, HKG:2378) introduced new roles in Hong Kong as part of efforts to win business from the region's high-net-worth clients, Bloomberg reported Tuesday.AIA created the role of chief executive of global high-net-worth business at its Hong Kong unit, while Prudential introduced the position of CEO for wealth and Bermuda.The firms appointed Chirag Rathod and Donna Cotter to the positions, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:1299HKG:2378SGX:K6S

Asia47d ago

AIA's Value of New Business Rises 13% in Q1

AIA Group's (HKG:1299) value of new business (VONB) increased 13% year over year in the first quarter of 2026, supported by broad-based growth across its markets, according to a Thursday Hong Kong bourse filing.VONB for the three months ended March 31 rose to $1.76 billion on a constant exchange rate basis, compared with $1.50 billion in the year-ago period.Annualized new premiums increased 16% to $3.15 billion, while VONB margin remained strong at 56%, the filing showed.The insurer said its mainland China and Hong Kong businesses delivered growth of more than 20% in VONB during the quarter.

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