Tokio Marine weighs USD1bn sale of life insurance units in SE Asia
- Asia First
- Apr 26, 2023
- 1 min read
Tokio Marine Holdings is reportedly exploring a potential sale of its life insurance business in Southeast Asia, with an estimated value of around USD1bn. The move comes as the Japanese insurer aims to concentrate on its core operations. According to insiders, the firm is collaborating with an advisor to assess investor interest in its life insurance units across Indonesia, Malaysia, Singapore, and Thailand. Although Tokio Marine is said to prefer an outright sale of all the assets, it is also considering a piecemeal approach to the divestment. The sources requested anonymity since the information is private. If the sale goes through, it could mark a significant shift in Tokio Marine's business strategy.
