{
  "id": 19310354,
  "title": "Richard Li’s FWD sets world record with sale of US$318m life insurance policy",
  "url": "https://urgent.news/2026/11/10/richard-lis-fwd-sets-world-record-with-sale-of-us-318m-life-insurance",
  "topic": "world",
  "section": "World",
  "published": "2026-11-10T09:00:22.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/business/banking-finance/article/3373928/richard-lis-fwd-sets-world-record-sale-us318m-life-insurance-policy"
  },
  "original_language": "en",
  "account": "FWD Private, a subsidiary of FWD Group based in Bermuda, has broken the Guinness World Record by selling a US$318 million life insurance policy to an individual customer. The record-breaking sale surpasses the previous record of US$300 million, held by Manulife Singapore in February 2024. HSBC Life Hong Kong previously sold a US$250 million policy in early 2024.\n\nTeddy Chu, CEO of Charles Monat Associates Hong Kong, noted that the record policy emphasizes Hong Kong's status as a leading wealth management and life insurance hub. The deal was arranged by the insurance broker.\n\nFWD Private's chief partnership distribution officer, Shelyne Shum, highlighted the strong demand for legacy planning among high-net-worth customers. She stated that the record-breaking policy marks a significant milestone for FWD and reflects the trust placed by customers in the company. FWD Private aims to continue its growth across Asia and deliver tailored legacy planning solutions for customers and their families.\n\nLife insurance sales in Hong Kong have soared 58% in the first half of the year, reaching a record high of HK$275.16 billion (US$35.3 billion). This is the fourth consecutive year of record-breaking sales as affluent customers from mainland China and overseas continue to purchase policies for wealth transfer, protection, and medical needs. FWD Private's record-breaking policy sale does not contribute to Hong Kong's total insurance sales, as it was issued by the group's Bermuda unit.",
  "summary": "FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong…",
  "key_points": [
    "FWD Private sets Guinness World Record with $318M life insurance sale",
    "Surpasses previous record of $300M held by Manulife Singapore",
    "Reflects strong demand for legacy planning among high-net-worth customers"
  ],
  "editors_take": "The record-breaking sale underscores Hong Kong's dominance as a wealth management hub and signals a surging appetite among high-net-worth individuals for sophisticated legacy planning and asset protection solutions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}