Debevoise & Plimpton LLP is advising FWD Management Holdings, the Hong Kong registered business of FWD Group, in its acquisition of MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited (collectively “MetLife Hong Kong”) from MetLife Inc. (NYSE: MET).
The acquisition will increase FWD’s market share in Hong Kong and reinforce its position within the city’s insurance market. The transaction is subject to obtaining the necessary regulatory approvals.
FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore and Vietnam, offering life and medical insurance, employee benefits, and general insurance across a number of its markets. MetLife Hong Kong, a wholly owned subsidiary of MetLife, Inc., one of the largest life insurance companies in the world, offers innovative life insurance, investment-linked insurance, accident and health insurance to the residents of Hong Kong.
The Debevoise team is led by partner Edwin Northover and included corporate associates Jan Buschmann and Jayne Chi-Wing So. Tax advice was provided by London-based partner Richard Ward and associate Paul Eastham.
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