Latest news with #ClementLam
Yahoo
21-07-2025
- Business
- Yahoo
Hong Kong's Bowtie Life Insurance raises $70m in Series C round
Hong Kong-based Bowtie Life Insurance Company has secured $70m (HK$549.49m) in its Series C funding round led by Sun Life Hong Kong. The virtual insurer reported annual recurring revenue (ARR) of $80m on a year-over-year basis, Bowtie said. In a LinkedIn post, the company insurer said it registered more than 100% growth year-over-year, exceeding $80m in ARR, and aims to reach $100m by the end of the year. The insurer plans to use the funding to support its growth in the medical insurance sector and expand its preventive healthcare services. Bowtie co-founder and CEO Michael Chan said: 'Sun Life's continued partnership reinforces Bowtie's position as a mission-driven insurer, leveraging technology to better serve customers through simple and transparent products in a friendly digital setting. 'Going forward, Bowtie will continue to benefit from Sun Life's strong capital base and shared purpose of helping clients achieve lifetime financial security and live healthier lives.' Since its establishment in 2018, Sun Life has been investing in all the funding rounds of Bowtie, increasing its equity stake. Bowtie will continue operations under the existing leadership team and remain an associated company of Sun Life with its own brand identity. Sun Life Hong Kong CEO Clement Lam stated: 'Sun Life has been a long-term, committed partner to Bowtie for almost seven years. We are very pleased to strengthen this partnership to support the next phase of growth. 'Through our collaboration with Bowtie, we are combining cutting edge technology with deep insurance expertise, to set standards in delivering meaningful and innovative transformation within the Hong Kong health insurance industry.' To date, Bowtie has secured more than HK$1bn in funding from investors including Sun Life Financial and Mitsui & Co. "Hong Kong's Bowtie Life Insurance raises $70m in Series C round " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
25-06-2025
- Business
- The Sun
Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025
HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - Sun Life once again demonstrated excellence at the Bloomberg Businessweek Financial Institutions Awards 2025, winning 14 awards. Among these, the 'International Insurance Company of the Year – Excellence Award' stands out as one of the most coveted accolades in the industry. This achievement marks a historic new high for Sun Life, highlighting its market leadership in the insurance sector and widespread industry recognition. Sun Life received seven Excellence Awards and seven Outstanding Awards, spanning multiple domains including digital innovation, talent recruitment, training and development, product innovation and development, corporate social responsibility, cross-border insurance services and ESG sustainability. This is a testament to Sun Life's strong business operations, drive for innovation, and high-quality service standards across the company. Recognition for Digital Innovation Achievement Sun Life is committed to a customer-centric approach and continuously innovates through digital transformation, striving to create a seamless one-stop digital customer journey. Receiving the 'Digital Innovation – Excellence Award' and the 'Online Platform – Excellence Award' further affirms Sun Life's strong capability to integrate digital innovation into the core of its business strategy. The digital platform 'SunWallet' was also recognized for breaking geographical boundaries to provide Clients with a comprehensive range of features, including the ability to manage their policies anytime, anywhere. Products and Services Garner Multiple Awards Through its focus on product innovation and customer service, Sun Life has been honored with the 'MPF Provider of the Year (Investment Sector) – Excellence Award,' the 'High Net Worth (Product) – Excellence Award' and the 'Client Service – Outstanding Award.' These awards underscore the company's commitment to fully meeting Clients' protection needs by offering flexible and high-quality MPF solutions alongside superior service standards. Sun Life engages with Clients through a wide variety of distribution channels, continually expanding its team of professional financial advisors and proactively offering training to enhance the Client experience. The company's outstanding performance this year has been widely acknowledged, as reflected by its receipt of the 'Recruitment Program of the Year – Excellence Award', the 'Training and Development Achievement (Agency Force) – Outstanding Award' and the 'Broker Support – Outstanding Award'. Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: 'We are deeply honored to receive a record-breaking number of prestigious awards from Bloomberg Businessweek. These accolades are a testament to our relentless dedication and exceptional achievements across multiple fields. This year, we are particularly proud to receive the 'International Insurance Company of the Year – Excellence Award' for the first time, highlighting our team's impressive performance and inspiring us to pursue further innovation and excellence. Additionally, the 'Recruitment Program of the Year – Excellence Award' recognizes the importance of recruiting top talent for driving innovation and business growth. In 2024, our gross new recruits increased by 35%, leading the industry¹.' 'I sincerely thank our team for their collaborative efforts that have led to this remarkable success. Looking ahead, we will continue to enhance our client-oriented products and services, leverage digital technology to offer a more personalized experience, and help Clients achieve lifetime financial security and live healthier lives.' Our awards received include: Excellence Awards for --> International Insurance Company of the Year --> MPF Provider of the Year (Investment Sector) --> Recruitment Program of the Year --> ESG Sustainability of the Year --> High Net Worth (Product) --> Digital Innovation --> Online Platform Outstanding Awards for --> Digital Transformation Strategy --> Corporate Social Responsibility --> Training and Development Achievement (Agency Force) --> Integrated Marketing (Product) --> Broker Support --> Client Service --> Cross-border Insurance Services (Mainland to Hong Kong) The Financial Institutions Awards 2025, organized by Bloomberg Businessweek/Chinese Edition, is among the most renowned annual industry events. Through a rigorous screening process, the awards recognize outstanding performance in the banking, insurance and investment/securities sectors over the past year. The awards aim to enhance industry standards, drive continuous development in the financial sector, and encourage the active nurturing of talent, thereby injecting new momentum into the Hong Kong financial industry. ¹Sun Life achieved the number one position in the insurance industry for new recruit growth percentage from Q4 2024 to Q2 2025. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.
Associated Press
24-06-2025
- Business
- Associated Press
Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025
Crowned prestigious 'International Insurance Company of the Year – Excellence Award' and 'MPF Provider of the Year (Investment Sector) – Excellence Award' for the first time HONG KONG SAR - Media OutReach Newswire - 24 June 2025 - Sun Life once again demonstrated excellence at the Bloomberg Businessweek Financial Institutions Awards 2025, winning 14 awards. Among these, the 'International Insurance Company of the Year – Excellence Award' stands out as one of the most coveted accolades in the industry. This achievement marks a historic new high for Sun Life, highlighting its market leadership in the insurance sector and widespread industry recognition. Sun Life celebrates 14 wins at Bloomberg Businessweek Financial Institutions Awards 2025, including 'International Insurance Company of the Year – Excellence Award' and 'MPF Provider of the Year – Excellence Award' for the first time. Sun Life received seven Excellence Awards and seven Outstanding Awards, spanning multiple domains including digital innovation, talent recruitment, training and development, product innovation and development, corporate social responsibility, cross-border insurance services and ESG sustainability. This is a testament to Sun Life's strong business operations, drive for innovation, and high-quality service standards across the company. Recognition for Digital Innovation Achievement Sun Life is committed to a customer-centric approach and continuously innovates through digital transformation, striving to create a seamless one-stop digital customer journey. Receiving the 'Digital Innovation – Excellence Award' and the 'Online Platform – Excellence Award' further affirms Sun Life's strong capability to integrate digital innovation into the core of its business strategy. The digital platform 'SunWallet' was also recognized for breaking geographical boundaries to provide Clients with a comprehensive range of features, including the ability to manage their policies anytime, anywhere. Products and Services Garner Multiple Awards Through its focus on product innovation and customer service, Sun Life has been honored with the 'MPF Provider of the Year (Investment Sector) – Excellence Award,' the 'High Net Worth (Product) – Excellence Award' and the 'Client Service – Outstanding Award.' These awards underscore the company's commitment to fully meeting Clients' protection needs by offering flexible and high-quality MPF solutions alongside superior service standards. Sun Life engages with Clients through a wide variety of distribution channels, continually expanding its team of professional financial advisors and proactively offering training to enhance the Client experience. The company's outstanding performance this year has been widely acknowledged, as reflected by its receipt of the 'Recruitment Program of the Year – Excellence Award', the 'Training and Development Achievement (Agency Force) – Outstanding Award' and the 'Broker Support – Outstanding Award'. Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: 'We are deeply honored to receive a record-breaking number of prestigious awards from Bloomberg Businessweek. These accolades are a testament to our relentless dedication and exceptional achievements across multiple fields. This year, we are particularly proud to receive the 'International Insurance Company of the Year – Excellence Award' for the first time, highlighting our team's impressive performance and inspiring us to pursue further innovation and excellence. Additionally, the 'Recruitment Program of the Year – Excellence Award' recognizes the importance of recruiting top talent for driving innovation and business growth. In 2024, our gross new recruits increased by 35%, leading the industry¹.' 'I sincerely thank our team for their collaborative efforts that have led to this remarkable success. Looking ahead, we will continue to enhance our client-oriented products and services, leverage digital technology to offer a more personalized experience, and help Clients achieve lifetime financial security and live healthier lives.' Our awards received include: Excellence Awards for Outstanding Awards for The Financial Institutions Awards 2025, organized by Bloomberg Businessweek/Chinese Edition, is among the most renowned annual industry events. Through a rigorous screening process, the awards recognize outstanding performance in the banking, insurance and investment/securities sectors over the past year. The awards aim to enhance industry standards, drive continuous development in the financial sector, and encourage the active nurturing of talent, thereby injecting new momentum into the Hong Kong financial industry. ¹Sun Life achieved the number one position in the insurance industry for new recruit growth percentage from Q4 2024 to Q2 2025. Hashtag: #SunLife #彭博商業周刊 #金融機構 #保險 #強積金 #BloombergBusinessweek #FinancialInstitutions #insurance #MPF The issuer is solely responsible for the content of this announcement. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.
The Sun
10-06-2025
- Health
- The Sun
'2025 Sun Life Hong Kong International Dragon Boat Races' Successfully Concluded in Acclamation
HONG KONG SAR - Media OutReach Newswire - 9 June 2025 - The '2025 Sun Life Hong Kong International Dragon Boat Races', organized by the Hong Kong Tourism Board in collaboration with the Hong Kong China Dragon Boat Association and proudly title-sponsored by Sun Life, saw the city's waterfront come alive over the weekend as a huge crowd came to enjoy the mix of international competition and cultural tradition, along with a range of other fun activities. The annual event attracted numerous citizens to the East Tsim Sha Tsui promenade over the two days (June 7-8) to witness 19 thrilling races in Victoria Harbour that drew over 190 teams and more than 4,500 paddlers from around the world. Among the races, the new 'Sun Life Elite Cup' saw enthusiastic participation from 21 teams made up of Sun Life's advisors, employees, and partners, underscoring the company's commitment to preserving and promoting dragon boat culture. Demonstrating its strong commitment to the community, Sun Life has proudly sponsored Maggie's Cancer Caring Centre to form the 'Move for Maggie's Dragon Boat Team'. Comprised of cancer patients, survivors, and their loved ones, the team made an impactful debut at this year's 'Sun Life Elite Cup', raising funds to support individuals affected by cancer. Dr. the Hon Leong Che-Hung, GBM, GBS, OBE, JP, Chairman of the Board of Governors at Maggie's Cancer Caring Centre, attended the event to cheer on the inspiring paddlers. Proceeds from the fundraising will enhance the Centre's free support services, while the dragon boat race itself delivers a powerful message of hope and resilience. Through this initiative, participants and supporters alike embrace a positive outlook on living with cancer, inspiring patients and their families to face challenges with renewed courage and hope. Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: 'As an international financial institution rooted in Hong Kong for over 130 years, our 16-year commitment to local dragon boat racing reflects not only our dedication to sustaining cultural heritage, but also our pledge to grow alongside this city. We are proud that Sun Life has helped propel this tradition onto the global stage, embodying the city's spirit of teamwork and energy. Moving forward, we will continue to support diverse sports initiatives, offering innovative experiences that blend athletics, culture, and entertainment for citizens and tourists, ultimately helping our Clients live healthier lives while also creating societal value.' Alongside the main event, Sun Life launched a variety of engaging promotional activities, both online and offline, that attracted widespread participation across the city. A highlight was the 'Sun Life Dragon Boat House', a giant interactive installation at K11 MUSEA that became a viral sensation. Through its multi-platform campaign, Sun Life helped deepen public appreciation for this cultural tradition – and encouraged greater participation too. The triumph of the '2025 Sun Life Hong Kong International Dragon Boat Races' reflects the ability of Hong Kong to host world-class events and attract new audiences to an old tradition. It all bodes well for next year. Hashtag: #SunLife永明 #永明金融 #SunLife #香港國際龍舟邀請賽 #龍舟 #盛事 #盛事之都 #旅發局 #銘琪癌症關顧中心 #HongKongInternationalDragonBoatRaces #dragonboat #megaevent #eventscapital #tourismboard #Maggie'sCanceCaringCentre
Arabian Post
09-06-2025
- Health
- Arabian Post
'2025 Sun Life Hong Kong International Dragon Boat Races' Successfully Concluded in Acclamation
Cancer patients, survivors and their loves ones formed an inaugural dragon boat team Citizens and tourists dive into the Dragon Boat Frenzy HONG KONG SAR – Media OutReach Newswire – 9 June 2025 – The '2025 Sun Life Hong Kong International Dragon Boat Races', organized by the Hong Kong Tourism Board in collaboration with the Hong Kong China Dragon Boat Association and proudly title-sponsored by Sun Life, saw the city's waterfront come alive over the weekend as a huge crowd came to enjoy the mix of international competition and cultural tradition, along with a range of other fun activities. Sun Life has 21 teams composed of advisors, employees and partners participate in the 'Sun Life Elite Cup', actively supporting the city's dragon boat racing culture. The annual event attracted numerous citizens to the East Tsim Sha Tsui promenade over the two days (June 7-8) to witness 19 thrilling races in Victoria Harbour that drew over 190 teams and more than 4,500 paddlers from around the world. Among the races, the new 'Sun Life Elite Cup' saw enthusiastic participation from 21 teams made up of Sun Life's advisors, employees, and partners, underscoring the company's commitment to preserving and promoting dragon boat culture. ADVERTISEMENT Demonstrating its strong commitment to the community, Sun Life has proudly sponsored Maggie's Cancer Caring Centre to form the 'Move for Maggie's Dragon Boat Team'. Comprised of cancer patients, survivors, and their loved ones, the team made an impactful debut at this year's 'Sun Life Elite Cup', raising funds to support individuals affected by cancer. Dr. the Hon Leong Che-Hung, GBM, GBS, OBE, JP, Chairman of the Board of Governors at Maggie's Cancer Caring Centre, attended the event to cheer on the inspiring paddlers. Proceeds from the fundraising will enhance the Centre's free support services, while the dragon boat race itself delivers a powerful message of hope and resilience. Through this initiative, participants and supporters alike embrace a positive outlook on living with cancer, inspiring patients and their families to face challenges with renewed courage and hope. Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, said: 'As an international financial institution rooted in Hong Kong for over 130 years, our 16-year commitment to local dragon boat racing reflects not only our dedication to sustaining cultural heritage, but also our pledge to grow alongside this city. We are proud that Sun Life has helped propel this tradition onto the global stage, embodying the city's spirit of teamwork and energy. Moving forward, we will continue to support diverse sports initiatives, offering innovative experiences that blend athletics, culture, and entertainment for citizens and tourists, ultimately helping our Clients live healthier lives while also creating societal value.' Alongside the main event, Sun Life launched a variety of engaging promotional activities, both online and offline, that attracted widespread participation across the city. A highlight was the 'Sun Life Dragon Boat House', a giant interactive installation at K11 MUSEA that became a viral sensation. Through its multi-platform campaign, Sun Life helped deepen public appreciation for this cultural tradition – and encouraged greater participation too. The triumph of the '2025 Sun Life Hong Kong International Dragon Boat Races' reflects the ability of Hong Kong to host world-class events and attract new audiences to an old tradition. It all bodes well for next year. Hashtag: #SunLife永明 #永明金融 #SunLife #香港國際龍舟邀請賽 #龍舟 #盛事 #盛事之都 #旅發局 #銘琪癌症關顧中心 #HongKongInternationalDragonBoatRaces #dragonboat #megaevent #eventscapital #tourismboard #Maggie'sCanceCaringCentre ADVERTISEMENT The issuer is solely responsible for the content of this announcement. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.
