SINGAPORE/HONG KONG : Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.The Tokyo-listed company is preparing to launch a sale process within t
SINGAPORE/HONG KONG : Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.
A sale could include Tokio Marine's life insurance businesses in Indonesia, Malaysia, Singapore and Thailand, said the other source.Tokio Marine, Goldman Sachs and Jefferies declined to comment. The company is also looking to grow organically. It expanded in Canada with the launch of a new property and casualty insurance unit last year.
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