智通财经网·2026-01-14 13:18Group 1 - HSBC Holdings is exploring multiple options for its Singapore insurance business, including a potential sale, as part of a broader business restructuring led by CEO Georges Elhedery [1] - HSBC is working with a financial advisor to evaluate HSBC Life Insurance (Singapore) Private Limited, with a valuation potentially exceeding $1 billion, and several insurance and investment companies have expressed preliminary interest [1] - The evaluation is still in the early stages, and HSBC has not made a final decision regarding the sale [1] Group 2 - HSBC's insurance business in Singapore includes life insurance, critical illness insurance, savings insurance, personal accident insurance, and health insurance, which has been expanded through acquisitions [1] - In 2022, HSBC acquired 100% of the issued share capital of AXA Insurance Pte Limited for $575 million, making it the eighth largest life insurance company in Singapore at that time [1] - Georges Elhedery has implemented the largest restructuring of HSBC in over a decade, reorganizing the bank into four divisions and cutting certain business lines [2]