Refreshing HSBC Insurance

HSBC Insurance Singapore seems to have pressed the pause button on its retreat from the different businesses and is now trying to catch its breath as it recovers.

This follows four years of massive global overhaul to be more cost-efficient by HSBC, Europe's biggest bank by market capitalisation.

Since Stuart Gulliver took over as HSBC chief executive in 2011, the bank has exited several non-core markets around the world, simplifying its structure and turning its focus on high-growth markets in Asia.