HSBC in insurance sell-off

HSBC sign

HSBC sent out an information memorandum to potential buyers, with first round bids due by mid-October, a source told City AM.

Its non-life insurance businesses earned profit before tax of about $1bn (£633m) in 2010, according to a presentation in June.

“We do not comment on market rumours or speculation,” a Hong Kong-based HSBC spokeswoman said.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: