It is a wholly owned subsidiary of Chinese conglomerate NWS Holdings.
In 1994, NZI Life (Bermuda) Limited was acquired and renamed Top Glory Insurance Company (Bermuda) Limited (TGI).
In the same year Pacific Century Group became the major shareholder of TGI.
In July of the same year the Pacific Century Insurance Holdings Limited (PCIHL) was listed on The Stock Exchange of Hong Kong Limited.
[2] In November 2019, NWS Holdings Limited completed the acquisition of FTLife.