HSBC
HSBC Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
HSBC insurance has its origins with the Hong Kong and Shanghai Banking Corporation (HSBC), which is the founding member of the HSBC group of banks. The original was formed in 1865 to help finance trade between Europe and the burgeoning market of China. Thomas Sutherland, a Scot working in Hong Kong, originally conceived the idea for a local bank in the area, after he observed a lack of banking facilities. In 1865, the first branch was opened at 1 Queen's Road Central in Hong Kong, and one month later a second branch was opened in Shanghai. In addition to China and south-east Asia, the bank also established branches in Japan, Europe and India, and was a leader in establishing many modern-day banking practices. During the Second World War, HSBC was forced to move its operations from Hong Kong to London, but after the war ended the bank moved home and was responsible for a significant portion of the city's post-war recovery. In the late 1950's, HSBC saw the need for diversification and acquired the British Bank of the Middle East and the Mercantile Bank. In 1965, the bank also purchased controlling interest in the Hang Seng Bank, paving the way for the establishment of the HSBC group and their expansion into North America, including both Canada and the United States.
It was in 1974 that the company decided a move into the insurance industry was warranted, beginning with HSBC Life (International) Limited, which issued the very first HSBC term life insurance on the market. This was followed in 1978 by HSBC Insurance (Asia) Limited, and in 1982 by HSBC Medical Insurance Limited. In 1985, the company began promoting its insurance products more aggressively in all countries in which it had established banking institutions, in an effort to diversify its holdings. In 1993, the HSBC group decided to start offering life insurance policies through their banking network, including HSBC term life insurance, and in 1999 the company celebrated 25 years of strong insurance service.
In 2000, the company was awarded the "General Insurance Company of the Year" award by the Asia insurance review, and by 2006 had opened 6 offices in mainland China in addition to offering life insurance services in Macau. In 2006, the company was awarded the "Life Insurance Company of the Year" award by the Asia insurance review, further cementing its reputation as a leading international insurance provider. Although the company is still in the process of gaining a significant foothold in the North American market, HSBC is a trusted leader worldwide in both the banking and insurance industries.
Free Insurance Quotes
HSBC Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
HSBC insurance has its origins with the Hong Kong and Shanghai Banking Corporation (HSBC), which is the founding member of the HSBC group of banks. The original was formed in 1865 to help finance trade between Europe and the burgeoning market of China. Thomas Sutherland, a Scot working in Hong Kong, originally conceived the idea for a local bank in the area, after he observed a lack of banking facilities. In 1865, the first branch was opened at 1 Queen's Road Central in Hong Kong, and one month later a second branch was opened in Shanghai. In addition to China and south-east Asia, the bank also established branches in Japan, Europe and India, and was a leader in establishing many modern-day banking practices. During the Second World War, HSBC was forced to move its operations from Hong Kong to London, but after the war ended the bank moved home and was responsible for a significant portion of the city's post-war recovery. In the late 1950's, HSBC saw the need for diversification and acquired the British Bank of the Middle East and the Mercantile Bank. In 1965, the bank also purchased controlling interest in the Hang Seng Bank, paving the way for the establishment of the HSBC group and their expansion into North America, including both Canada and the United States.
It was in 1974 that the company decided a move into the insurance industry was warranted, beginning with HSBC Life (International) Limited, which issued the very first HSBC term life insurance on the market. This was followed in 1978 by HSBC Insurance (Asia) Limited, and in 1982 by HSBC Medical Insurance Limited. In 1985, the company began promoting its insurance products more aggressively in all countries in which it had established banking institutions, in an effort to diversify its holdings. In 1993, the HSBC group decided to start offering life insurance policies through their banking network, including HSBC term life insurance, and in 1999 the company celebrated 25 years of strong insurance service.
In 2000, the company was awarded the "General Insurance Company of the Year" award by the Asia insurance review, and by 2006 had opened 6 offices in mainland China in addition to offering life insurance services in Macau. In 2006, the company was awarded the "Life Insurance Company of the Year" award by the Asia insurance review, further cementing its reputation as a leading international insurance provider. Although the company is still in the process of gaining a significant foothold in the North American market, HSBC is a trusted leader worldwide in both the banking and insurance industries.
