Tokio Marine Considering Selling Southeast Asia Operation

Tokio Marine is reportedly considering a sale of its life insurance business in the Southeast Asia region. The sale, which could be valued at about US$1 billion, is reportedly part of the insurer’s plans to focus on its core operations.

Tokio Marine is working with an adviser to gauge buyer interest in its life insurance units in Indonesia, Malaysia, Singapore, and Thailand. While Tokio Marine prefers for the transaction to be wholesale, it’s also considering a piecemeal deal

The formal sale process can commence in the coming months. The assets can also be kept for a while longer, as considerations for the sale are still in its early stages.