History
HSBC Insurance was originated by Swire Life Assurance Company Limited (established in 1974, later HSBC Life (International) Limited), Carlingford Insurance Company Limited (established in 1978, later HSBC Insurance (Asia) Limited) and Carlingford Medical Insurance Limited (established in 1982, later HSBC Medical Insurance Limited). These companies were known as Carlingford Insurance (嘉豐保險). In 1985, HSBC Group launches an aggressive strategy to operate its insurance business profitably in countries and territories in which the commercial bank has a strong presence. In 1993, Carlingford Insurance starts offering personal life insurance products to customers through the banking network.
HSBC Insurance (Asia-Pacific) Holdings Limited was established in 1995, it is the head office of HSBC's Asia-Pacific insurance business. In the same year, the group acquired Lombard Insurance. In 1996, the business name Carlingford Insurance is changed to HSBC Insurance.
Singapore-based Keppel Insurance was acquired by HSBC Insurance in 2003 and renamed HSBC Insurance (Singapore) Pte Limited.
HSBC Amanah Takaful (Malaysia) Sdn Bhd was incorporated in 2006, after receiving the approval in principle from Bank Negara Malaysia to form a joint venture takaful company in Malaysia.
Read more about this topic: HSBC Insurance (Asia Pacific)
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