Type Private Owner JD Group Headquarters Hong Kong | Products Insurance Number of employees 360+ Founded 1994, Hong Kong | |
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Key people Charles Stuart Fraser, CEO Website www.ftlife.com.hk/en/index.html | ||
FTLife Insurance Company Limited (FTLife) is one of Hong Kong's largest life insurance companies and a wholly owned subsidiary of Tongchuangjiuding Investment Management Group Co., Ltd. ("JD Group").
FTLife serves individual and institutional clients with financial protection and wealth management products. FTLife also offer general insurance services plus Mandatory. Provident Fund solutions in partnership with general insurance and MPF companies.
FTLife has over 2,800 financial consultants and staff.
History
In 1994, New Zealand Insurance Life (Bermuda) Limited was acquired and renamed Top Glory Insurance Company (Bermuda) Limited (TGI). In the same year Pacific Century Group became the major shareholder of TGI.
In 1999, the company name was changed into Pacific Century Insurance. In July of the same year the Pacific Century Insurance Holdings Limited (PCIHL) was listed on The Stock Exchange of Hong Kong Limited. Pacific Century Insurance Company Limited (PCI) became the subsidiary operating life insurance and other insurance businesses.
In 2007, Pacific Century Regional Developments entered into an agreement with Fortis on the sale of Pacific Century Insurance. In August 2007, the company renamed as Fortis Insurance Company (Asia) Limited.
In July 2010, Fortis Insurance Company Asia Limited was renamed as Ageas Insurance Company (Asia) Limited to align with the new brand adopted by the parent company Ageas.
In May 2016, JD Group successfully acquired Ageas Insurance Company (Asia) Limited from Ageas Group. In September 2016, Ageas Insurance Company (Asia) Limited was renamed as FTLife Insurance Company Limited.