HELPING PEOPLE LIVE LONGER, HEALTHIER, MORE PROSPEROUS LIVES

 

Asia Financial Holdings Limited (incorporated in Bermuda with limited liability) is a pioneering force in the insurance and health industry. We commit our experience and capital to solutions that help people across Asia safeguard their futures.

 

Identifying unique opportunities allows us to unlock and enhance value for our company and shareholders. Continually transforming to keep up with the fast-changing regional business environment, we are working to build upon our proven track record. Our depth of experience is bolstered by strong fundamental leadership principles and over six decades of expertise.

 

We are listed in Hong Kong (HKSE: 0662.HK), and our major shareholders include Claremont Capital Holdings Ltd, Bangkok Bank Public Company Ltd, Aioi Nissay Dowa Insurance Co. Ltd and Sompo Japan Nipponkoa Insurance Inc.

OUR VISION

Asia Financial is dedicated to the long-term prosperity and well-being of Hong Kong and the Asia Pacific region. With our core focus on insurance, retirement, and healthcare & wellness industries, our long-term strategic partnerships, ventures, and investments create value for stakeholders while enacting positive changes on the environment and the community at large.

 

Aligned with the same vision and values, our partners deliver a diverse range of customised products and services that empower clients to protect themselves and their loved ones from risk, as well as secure their financial assets. We look ahead to building a better, healthier, and prosperous future with the well-being of our internal and external stakeholders in mind.

 

OUR STRATEGIES

Asia Financial takes a proactive and disciplined approach to anticipate shifts in market dynamics and the regulatory landscape, which in turn enables us to identify relevant risks and opportunities. We aim to generate maximum, lasting returns for our stakeholders through prudent direct and indirect investment in high-quality assets. Specifically, we look primarily to Greater China and other markets across Asia for direct investments.
 
Asia Financial invests with a long-term vision and a collaborative spirit. Approaching our business in this way ensures that we can deliver concrete and sustainable returns for generations to come. In this increasingly innovative era, adopting new technologies and forward-thinking is imperative to achieve optimal performance and financial strength. We believe technology-driven service providers are on a path to success with their deep understanding of customer expectations and technological trends to reimagine the value that can be delivered to their customers.
 
We pride ourselves on a culture of integrity, forming strategic partnerships only with the best insurance and healthcare companies to consolidate our position as a market leader. We contribute our expertise and provide hands-on support to our portfolio companies by taking board seats and offering access to our strategic know-how and extensive regional networks.

 

AFH CORE VALUES

At Asia Financial, our values reflect who we are and drive our business.

 

OUR KEY CURRENT INVESTMENTS

We secure growth opportunities arising from economic development, sociodemographic trends and government policy changes. We apply a thematic approach to capture the region’s growing potential. Specifically, we foresee growing demand for:

General & Life Insurance

As Asia continues to be the world's most dynamic and fastest growing region, individuals and corporates alike are seeking comprehensive coverage and innovative solutions to protect themselves from risk.

Retirement Funds & Pensions

The scale of population ageing in Asia is unprecedented, with an increase in healthy life expectancy giving rise to fiscal pressure on retirement funds and pension schemes. Rising consumer expectations and increased regulatory scrutiny require the careful application of technology.

Healthcare & Medical Services
Asia is poised for growth in the healthcare industry, with many organisations applying a digital focus to get ahead. An ageing population, increase in chronic diseases, and burgeoning middle class are pushing demand for quality, affordable medical care across the region.

 
 

OUR TEAM

 

OUR LEGACY

CHIN SOPHONPANICH

Asian Entrepreneur

ROBIN Y.H. CHAN

Former Chairman of Asia Financial 

 

TIMELINE

1940's

1946

Chin Sophopanich, the founder of Bangkok Bank, acquires shares of The Hong Kong and Swatow Commercial Bank

1950's

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1955

The Hong Kong and Swatow Commercial Bank becomes an authorized institution

Robin Chan joins the Bank

1959

Chin Sophonpanich, Robin Chan, Sebastian Lau and other prominent Chinese businessmen found Asia Insurance

1960's

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1965

The Hong Kong and Swatow Commercial Bank is renamed The Commercial Bank of Hong Kong (“CBHK”)

 

Bangkok Bank acquires shares of CBHK

1967

Robin Chan becomes General Manager of CBHK

1970's

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1972

Tokai Bank of Japan becomes a shareholder of CBHK

Asia Insurance is listed on the former Four Exchanges in Hong Kong

1976

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Continental Group of USA (holding company of Diners Club) becomes a shareholder of Asia Insurance

1980's

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1982

Asia Insurance opens its representative office in Taiwan

1983

Asia Insurance opens its Macau Branch

1985

Robin Chan becomes Chairman & Managing Director of CBHK

1989

Chiyoda Fire & Marine Insurance of Japan becomes a shareholder of Asia Insurance

1990's

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1990

CBHK & Asia Insurance merge to form Asia Financial Holdings Ltd. and is listed on the Hong Kong Stock Exchange

1991

The Shenzhen branch of CBHK opens in Mainland China

1995

The Group goes through a corporate identity revamp

CBHK is renamed Asia Commercial Bank (ACB)

Asia Insurance obtains a Standard & Poor's “A-” rating

1996

Asia Insurance upgrades its Taiwan representative office to a branch office

Asia Insurance invests in AR Consultant Services (Hong Kong) Ltd to offer reinsurance brokering services

Asia Insurance (Cambodia) PLC is set up with other partners to offer general insurance products

1999

BCT was formed with other local banks to offer mandatory provident fund (MPF) services

2000's

2001

Hong Kong Life is established with other local financial institutions to offer life insurance services

BC Reinsurance Limited is formed with other banking institutions to offer reinsurance services

2002

The People's Insurance Company of China (Hong Kong) is established in partnership with The People's Insurance Company (Group) of China ("PICC")

2003

Cambodia Reinsurance is established with the Ministry of Economy and Finance of Cambodia, along with other financial institutions to underwrite general reinsurance business

2005

Asia Financial, PICC, Bangkok Bank and Sumitomo Life Insurance Co. of Japan forms a joint venture to establish PICC Life Insurance with a nationwide license to provide life insurance products in Mainland China

2006

Asia Commercial Bank sells for HK$4.58 billion

 

The Chan's family increases its stake to over 50% in Asia Financial

2007

Asia Financial invests in Bumrungrad Hospital in Bangkok

2008

Aioi Nissay Dowa Insurance and Sompo Japan Insurance joins the Chan family and Bangkok Bank as major shareholders of Asia Financial

2009

Asia Insurance celebrates its 50th Anniversary

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Bernard Chan is appointed the Group President

Standard & Poor's raises Asia Insurance's insurer financial strength rating and counterparty credit rating from “A-” to “A”

AFH Charitable Foundation Limited is established

2010's

2014

BE Reinsurance Limited is set up with Asia Insurance, Sirius International Insurance, Sweden and other partners to underwrite general reinsurance business

2015

Asia Insurance joins other insurance groups to form Bangkok Insurance (Lao) Co Ltd, underwriting general insurance

2016

Asia Insurance ranks 1st in underwriting profit among Hong Kong general insurers

NOW