Latest news with #non-HongKong
Arabian Post
16 hours ago
- Business
- Arabian Post
Chubb Life Hong Kong Launches Chubb 1792 Club: A New Era in Tailored Wealth Management Services
With a legacy of excellence, expertise, and a bold vision, Chubb Life HK is meeting rising demand for sophisticated, future-focused financial planning through bespoke legacy and wealth solutions HONG KONG SAR – Media OutReach Newswire – 16 June 2025 – Chubb Life Hong Kong (Chubb Life HK) today launched its first wealth centre, Chubb 1792 Club, marking a pivotal moment in its insurance and wealth management journey. Located at The Gateway in Tsim Sha Tsui, a premier business and tourism district, Chubb 1792 Club aims to serve the increasing health and wealth needs of affluent customers and high-net-worth (HNW) individuals in Hong Kong as well as incoming visitors to the city. (From Left) Ms Joan Tam, Head of Brokerage, Chubb Life Hong Kong, Ms Ivy Cheung, Chief Marketing Officer, Chubb Life Hong Kong, Mr. Eric Ng Tung Hing, Global Chief Financial Officer, Chubb Life, Mrs Belinda Au, President of Hong Kong and Head of North Asia, Chubb Life Hong Kong, Mr Bryce Johns, Global President, Chubb Life, Mr William Man, Chief Operation Officer, Chubb Life Hong Kong The launch of Chubb 1792 Club marks a key milestone for Chubb Life as Hong Kong accelerates its ascent as a global insurance and wealth management powerhouse, attracting affluent and HNW customers and their assets. By the end of 2023, the asset and wealth management sector reached a remarkable HK$31.2 trillion, with 64% of assets sourced from non-Hong Kong residents. This acceleration is particularly evident in the life insurance sector, which saw record-breaking sales in 2024 as both local residents and Mainland Chinese visitors sought protection and wealth management solutions. Notably, Mainland Chinese visitors spent HK$62.8 billion in 2024 mainly on life, critical illness and medical policies, a 6.5% increase from the previous year, reinforcing the city's potential to attract and manage wealth for affluent and HNW individuals. ADVERTISEMENT The surge in demand for life and health related policies reflects Chubb Life's key target audience of affluent and HNW customers. The company offers a comprehensive suite of tailored insurance solutions designed to meet the unique needs of its customers, including wealth preservation and intergenerational legacy management. In response to this growing demand, Chubb Life HK has expanded its portfolio with tailored insurance solutions, including its flagship Chubb MyLegacy Insurance Plan III, as well as Future Achiever Savings Plan II and Infinity Prestige Life Insurance Plan. Belinda Au, President of Chubb Life Hong Kong and Head of North Asia, said, 'The launch of Chubb 1792 Club represents a bold leap in our continued expansion in the wealth management space. It reflects our long-standing commitment to serving the evolving needs of customers with differentiated, high-touch solutions that go beyond traditional insurance.' Chubb 1792 Club, a tribute to Chubb's foundational year and legacy of excellence, will feature a nearly 10,000-square-foot signature lounge designed to deliver bespoke wealth management services and cultivate meaningful business opportunities, empowering affluent clients, brokers, and agents to build trusted relationships and enrich both their business and personal lives with every visit. 'Disclaimer: **Important Note**: This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell, solicitation or persuasion to buy or provision of any of insurance products outside Hong Kong. Hashtag: #Chubb The issuer is solely responsible for the content of this announcement. About Chubb Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at:
RTHK
28-04-2025
- Business
- RTHK
Possible to remove job types from talent list: govt
Possible to remove job types from talent list: govt The government has brought in some 1,700 professionals from outside of Hong Kong under its talent list introduced seven years ago. File photo: AFP The government has not ruled out removing certain job types from a list that was introduced in 2018 to attract more non-Hong Kong professionals to work here, according to the labour chief. The SAR recently expanded its talent list, offering residency status to highly skilled workers of 60 job types in total. Among the latest additions were financial professionals with Islamic market experience as well as accountants. On Monday, labour and welfare secretary Chris Sun told a Legislative Council panel meeting that the city brought in some 1,700 professionals since the list was first introduced. Around 1,400 of them came to the SAR since officials made changes to the list two years ago. On whether the government would remove certain professions from the list if there are enough local workers, Sun said: "It is not necessarily the case that we only add more professions or occupations to the list. We also have to consider the market situation. "If there is sufficient local talent in the future, we don't rule out deleting some of the professions or occupations here [on the list]." Sun also said he doesn't think imported labour would drive down wages among local workers. "We are not talking about a large number of talent in each profession... The salary is still determined by the market," he said.
