The transaction was estimated to have been worth around US$3 billion had it succeeded. According to Thompson Reuters data, it could’ve been the largest insurance M&A deal in the Southeast Asian region, and the biggest in
A source told Reuters that there were also differences on how to use SCB’s expansive network of branches to sell insurance products, contributing to the stalling of the deal. No announcement has been made whether SCB would try to sell the insurer again.
Bancassurance, which is a tie-up that leverages a bank’s branch networks to distribute insurance products, is gaining popularity in
SCB Life Assurance is one of the top insurers in
Aside from FWD, several other insurance juggernauts such as AIA, Manulife, and Prudential were reported to be interested in SCB Life Assurance.
FWD enters exclusive talks to buy Thai bank’s insurance arm
Third-largest Thai bank to sell life insurance arm
Thailand’s economic growth prospects stable, says Allianz
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