King Wai launches in Thailand following purchase from QBEJuly 18 2018 by InsuranceAsia News Staff
King Wai Insurance, formerly known as QBE Insurance Thailand, has officially relaunched its insurance venture in the country after its acquisition by Hong Kong-headquartered conglomerate King Wai Group in May.
King Wai Insurance offers lines including property, professional indemnity, directors’ and officers’, fire, engineering, marine and motor. To improve its offering, the insurer is looking to invest in digital channels and product development.
Antonio Hang Tat Chan, vice-chairman of King Wai Group, commented: “King Wai Insurance will transform to a technology-driven insurer. Innovation and technology are the future and we have to be at the forefront of this trend while in compliance with regulatory guidance.”
The company was originally established as a joint venture under the name Sahasin-QBE Insurance in 1989.
- May 2
Merger will give global player greater scale in the fast growing South-East Asian country.
- May 1
The global giant has become the largest shareholder in Sri Ayudhya Capital.
- April 5
There’s no stopping the Hong Kong company as it continues its ambitious and acquisitive strategy.
- March 25
Hong Kong-headquartered firm is in advanced discussions with banking giant SCB.