AIA Group Limited is pleased to announce the completion of the acquisition of 100 per cent of BEA Life Limited, a wholly-owned subsidiary of The Bank of East Asia, Limited (BEA). The completion of the acquisition has received regulatory approval and signifies another key achievement in the long-term relationship with BEA, following the successful commencement of the bancassurance partnership in July 2021. BEA Life Limited is renamed AIA Everest Life Company Limited (AIA Everest).
Mr. Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, said: “AIA and BEA have worked seamlessly to accomplish this important milestone together, and I am proud of this achievement. AIA will ensure AIA Everest customers are not impacted by the acquisition, and we look forward to helping AIA Everest customers live Healthier, Longer, Better Lives.”
Guided by AIA's “customer-centricity” philosophy, upholding superior customer experience for AIA Everest customers is a top priority.