Hanwha Life acquires 75% stake in US firm Velocity Clearing

It aims to establish a foothold in the US financial sector.

Hanwha Life, South Korea’s first life insurance company, has agreed to acquire a 75% stake in the parent company of Velocity Clearing, a US-based global financial services firm.

The management team of Velocity Clearing will retain the remaining minority stake.

The acquisition positions Hanwha Life to establish a foothold in the US financial sector and explore new opportunities for enhancing investment returns.

Hanwha Life plans to retain Velocity Clearing's existing staff.

Follow the link for more news on

Hanwha Life

APAC Insurance M&A Deals

Also Read

HKIA sets 6% illustration rate cap on HKD policies

Myanmar quake shows urgent insurance need in Asia: Howden

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit