Tokio Marine mulls unit sale

The Tokyo-listed firm is working with an adviser to gauge investor interest in its life insurance units in Indonesia, Malaysia, Singapore and Thailand, sources said. — Bloomberg

TOKYO: Tokio Marine Holdings Inc is considering a sale of its life insurance business in South-East Asia that could be valued at about US$1bil (RM4.4bil) in a deal, according to people familiar with the matter, as the Japanese insurer looks to focus on its core operations.

The Tokyo-listed firm is working with an adviser to gauge investor interest in its life insurance units in Indonesia, Malaysia, Singapore and Thailand, the people said, who asked not to be identified as the information is private.