Richard Li’s FWD sets world record with sale of US$318m life insurance policy

South China Morning Post Tuesday 10 November 2026, 09:00 UTC By Enoch Yiu 1 min read

Key Points

FWD Private (Bermuda), a unit of Hong Kong-listed FWD Group founded by billionaire Richard Li Tzar-kai, has set a new Guinness World Record by selling a US$318 million life insurance policy, the companies said in separate announcements on Tuesday. The record-breaking sale surpasses the previous record of US$300 million set by Manulife Singapore in February this year. Previously, HSBC Life Hong Kong sold a world record US$250 million life policy in early 2024.

Richard Li (PERSON) FWD Private (ORG) Bermuda (ORG) Hong Kong (LOCATION) FWD Group (ORG) Richard Li Tzar-kai (PERSON) Guinness World Record (ORG) Manulife Singapore (ORG) HSBC Life (ORG) FWD (ORG)

Originally published by South China Morning Post Read original →

The average nationwide price for regular gasoline on Tuesday fell below $4 per gallon for the first time since July 20, according to data from AAA. The drop comes as oil prices have plunged, with President Donald Trump repeatedly playing down the prospect of a renewed war with Iran, and pushing for progress between Russia and Ukraine in new trilateral talks. Still, gas prices remain elevated by more than 30% since the war with Iran started on February 28, and around 40% since the beginning...

NBC News 12m ago

Indonesia’s 100GW solar plan needs China, but who pays the US$73 billion bill?

Indonesia is turning to China for a major expansion of solar power and energy storage, but a new report warns that a multibillion-dollar funding gap and demands for greater domestic control will complicate the plan as the country’s energy ties deepen. The report, published on Monday by the Jakarta-based Centre of Economic and Law Studies (Celios), found that Chinese investment in Indonesia’s energy sector was expanding beyond nickel processing and electric-vehicle battery production, which...

South China Morning Post 13m ago

Chinese delivery rider’s death in Melbourne ignites safety debate ahead of poll

The killing of a Chinese food delivery rider in Melbourne has renewed safety concerns across the city just weeks ahead of the Victorian state election, where law and order is expected to be a key campaign battleground. Feng Jianming, a 47-year-old Chinese national from Shaanxi province, worked as a rider for HungryPanda – a UK-headquartered delivery platform catering to the Chinese diaspora across 10 countries, including Australia. Feng died of stab wounds last Friday night near Melbourne’s...

South China Morning Post 16m ago

Will the Trump-supporting UK right share in his ignominy? No, it’s too dishonest for that | Polly Toynbee

Sustained not by public opinion but by billionaire media owners, British rightwing commentators will embrace a Maga successor, not moderationHallelujahs and hosannas have been echoing around the democratic world over the last few weeks. The White House madman is a loser. Rejoice at Serbia, Hungary, Brazil and hold our breath for Israel.

The Guardian Politics 21m ago

Richard Li’s FWD sets world record with sale of US$318m life insurance policy

Related Stories

Gas prices fall below $4 per gallon for the first time since July

Indonesia’s 100GW solar plan needs China, but who pays the US$73 billion bill?

Chinese delivery rider’s death in Melbourne ignites safety debate ahead of poll

Will the Trump-supporting UK right share in his ignominy? No, it’s too dishonest for that | Polly Toynbee