AXA’s local unit becomes second insurer to redomicile from Bermuda to Hong Kong

South China Morning PostCenter-RightEN 1 min read 100% complete by Enoch YiuJanuary 26, 2026 at 02:15 AM

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AXA's Hong Kong unit has redomiciled from Bermuda to Hong Kong, becoming the second insurer to do so after Manulife International completed the move in December. The redomiciliation, finalized after a May law change that simplified the process, signals AXA's confidence in Hong Kong's strategic importance and growth potential as a leading risk-management and insurance hub in Asia. At least three other local insurers, including Sun Life's Hong Kong unit, are planning similar moves. AXA cites Hong Kong's position as a gateway to the Greater Bay Area, with its low insurance penetration and high demand for healthcare and wealth planning solutions, as a key reason for the redomiciliation. The company aims to capitalize on opportunities in wealth protection and legacy planning for high-net-worth clients in the region.

Key Entities & Roles

Key Player Opposition Context

France 30% Canada 40% Macau 40% Guangdong 40% Sun Life 50% Manulife International 60% AXA Greater China 60% Sally Wan Yuen-wai 70% Greater Bay Area ×270% Bermuda ×270% AXA ×390% Hong Kong ×795%

Keywords

insurance 100% redomiciliation 90% hong kong 80% insurer 70% axa 60% greater bay area 60% wealth planning 50% risk management 50% high-net-worth clients 40% bermuda 40%