FTLife Insurance

The story of FTLife Insurance, now known as Chow Tai Fook Life Insurance, isn't one of a garage startup, but a multi-decade journey of acquisitions and rebranding in Hong Kong's competitive insurance landscape. Its origins trace back to 1985 as NZI Life (Bermuda) Limited. A key early chapter began in 1994 when Pacific Century Group became the major shareholder, renaming it Pacific Century Insurance and taking it public on the Hong Kong Stock Exchange in 1999. This set the stage for a series of ownership changes. In 2007, European financial group Fortis acquired the company, which was later renamed Ageas in 2010. The narrative took a significant turn in 2016 when the Chinese firm JD Group acquired the company, rebranding it to FTLife Insurance Company Limited. However, the most impactful acquisition occurred in late 2018 when NWS Holdings, the infrastructure and services flagship of New World Development, purchased FTLife for HK$21.5 billion. This deal integrated the insurer into the vast ecosystem of the Cheng family, known for the Chow Tai Fook brand. This integration culminated in July 2024, when FTLife officially rebranded to Chow Tai Fook Life Insurance (CTF Life). This final move solidified its identity within the powerful conglomerate, aiming to leverage the trusted brand and extensive resources to expand its reach, particularly in the Greater Bay Area.