HSBC in insurance sell-off
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.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- RSA UK COR deteriorates to 101.8%
- Ex-Aviva boss Mark Wilson to lead insurtech venture after merger with Complete Cover Group
- Jensten moves in for second deal this month
- Axa UK & Ireland P&C COR improves to 96.2%
- D&O specialist MGA Rising Edge set for "imminent" launch
- ERS posts surge in profit for 2020
- FCA finalises guidance on vulnerable customers