“You’ve got market volatility, geopolitical uncertainty marrying with these long-term demographic structural tailwinds,” he said. “There’s a lot of risk, we are in the risk business, and risk is a double-edged sword for us.”
(March 25): HSBC Holdings Plc’s insurance chief said the company is seeing an “explosion” in demand for estate planning and wealth transfer solutions as clients seek to de-risk from global uncertainty.
The insurance arm also manages US$120 billion ($153.6 billion) of investments for its clients, which face a challenging environment where valuations are stretched and as sectors are targeted by the AI revolution, Edward Moncreiffe said in a Bloomberg TV interview.
