Zhi Tong Cai Jing·2026-01-15 14:47Group 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 [3][4] - The valuation of HSBC Life Insurance (Singapore) Private Limited may exceed $1 billion, with several insurance companies and investment firms expressing initial interest [3] - The assessment of the insurance business is still in the early stages, and HSBC has not made a final decision [4] Group 2 - HSBC's insurance operations in Singapore include life insurance, critical illness insurance, savings insurance, personal accident insurance, and health insurance, which have been expanded through acquisitions [4] - In 2022, HSBC acquired 100% of AXA Insurance Pte Limited for $575 million, which was Singapore's eighth-largest life insurance company at the time [4] - The restructuring led by Elhedery is the largest in over a decade, reorganizing HSBC into four departments and cutting certain business lines [4]