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(April 1): FWD Group Ltd., the acquisitive Asian insurance firm backed by billionaire Richard Li, is leaning toward New York as its preferred venue for an initial public offering this year, according to people with knowledge of the matter. The company, whose business spans Southeast Asia, Japan and Hong Kong, is seeking to raise about $3 billion through an IPO in the U.S. as soon as the third quarter, the people said. A deal could value the insurer at more than $15 billion, the people said, asking not to be identified because the matter is private. FWD is working with advisers to adjust its accounting records to U.S. standards and plans to file with regulators in the second quarter, the people said. A U.S. listing would allow Li to keep control of the company via his investment manager Pacific Century Group, one of the people said.

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