Market Chatter: Great Eastern Targeting High Net Worth Clients
Great Eastern (SGX:G07) has launched Great Eastern Private, a segment which aims to tap high net worth individuals, according to group chief executive officer, Greg Hingston, as reported by The Business Times on Monday.The segment will be backed by Oversea-Chinese Banking Corp. or OCBC and Great Eastern's private banking unit, Bank of Singapore, the report added.The insurer will utilize an on-site medical suite at the Hewton fair Suite to allow wealthy clients to be underwritten in a single day, the report said.Backed by the strategy, the insurer booked a profit of SG$1.2 billion in 2025, with total weighted new sales dropping 15%, the report noted.(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.)
