07:20 AM EST, 01/14/2026 (MT Newswires) -- HSBC ( HSBC ) is exploring options for its insurance unit in Singapore, including a sale, Bloomberg reported Wednesday, citing sources familiar with the matter.

HSBC ( HSBC ) is working with a financial adviser to review the business, which could be valued at over $1 billion in a transaction, the report said.

Other insurers and investment firms have shown early interest, but considerations are preliminary and no final decision has been made, the report said.

The report quoted an HSBC ( HSBC ) representative as saying the bank remains committed to Singapore as an international wealth and wholesale hub.

HSBC ( HSBC ) did not immediately respond to requests for comment from MT Newswires.

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