# FWD Insurance

FWD Insurance is an Insurance based in Kuala Lumpur, Malaysia.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Kuala Lumpur, Malaysia
- **Region:** Asia
- **Address:** Level G, Mercu 2 KL Eco City, No. 3 Jalan Bangsar, 59200, Kuala Lumpur, Malaysia
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.gibraltarbsn.com
- **LinkedIn:** https://linkedin.com/company/fwd-insurance

## Regulatory record

- **Reports private funds:** No

## About

FWD Insurance traces to Gibraltar BSN Life, established in 2014 in Malaysia. Richard Li Tzar-kai built the broader FWD Group through Pacific Century Group as majority owner. The firm writes life insurance, savings, investment-linked and retirement products. It holds 100 percent of FWD Insurance Berhad and FWD Takaful Berhad in Malaysia, 100 percent of SCB Life Assurance in Thailand, and 100 percent of FWD Fuji Life in Japan. It also owns 70 percent of FWD Takaful Berhad and 35.14 percent of PT Asuransi BRI Life in Indonesia. Geographic reach centers on Malaysia, Thailand, Japan, Indonesia and Singapore. FWD Group Holdings Limited reported a $5.5 billion market capitalization after its July 2025 IPO. The group maintains additional offices and client facilities in Hong Kong and operates a technology hub in Kuala Lumpur. In January 2025 FWD executives spoke at the Singapore Legacy Planning Leadership Forum on insurance in wealth transfer and at the SCMP China Conference on ASEAN opportunities. FWD Group operates as a publicly listed insurance holding company majority-owned by Pacific Century Group. This structure separates the listed insurance operations from the founding family's other holdings while retaining founder control through the parent.

## Sectors

- Insurance

## People

- Richard Li Tzar-kai — Founder and Chairman of FWD Group

## Questions

### Who runs investment decisions at FWD Insurance?

Richard Li Tzar-kai serves as Founder and Chairman of FWD Group, the parent entity. Investment and operational decisions flow through the listed holding company structure.

### Does FWD Insurance participate in fund commitments or only direct deals?

FWD allocates a disclosed 1.02 percent of assets to private equity. The firm also holds direct ownership stakes in insurance operating companies across Asia.

### How is FWD Insurance related to Pacific Century Group?

Pacific Century Group is the majority owner and parent holding company of FWD Group.

### What investment stages does FWD Insurance typically target?

FWD focuses on insurance and takaful products rather than venture or growth equity stages. Its private equity allocation represents a small portion of total assets.

### Which sectors does FWD Insurance explicitly avoid?

No explicit avoidance sectors are disclosed in available records.

## Related profiles

- [Victoria University in the University of Toronto](https://altss.com/profile/victoria-university-in-the-university-of-toronto)
- [White & Case Master Retirement Trust](https://altss.com/profile/white-case-master-retirement-trust)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/fwd-insurance

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology