Affin Bank partners Generali in insurance operations

KUALA LUMPUR: Affin Bank Bhd has completed the disposal of part of its equity interest in AXA Affin Life Insurance Bhd (AALI) and AXA Affin General Insurance Bhd (AAGI) to Generali Asia N.V. (Generali).

Affin, in a statement, said the said disposal together with the sale by AXA of its entire equity interest in AALI and AAGI saw Generali became Affin Bank’s new joint venture partner in the insurance operations.