Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
Canada-based Sun Life Financial has forayed into the Malaysian insurance market with the launch of a new joint venture between Khazanah Nasional and CIMB Group Holdings to offer services in the country. Sun Life Malaysia Assurance and Sun ...
Tags: Sun Life, Insurance Market
Canada-based Sun Life Financial and Khazanah Nasional in Kuala Lumpur have completed the acquisition of CIMB Aviva Assurance and CIMB Aviva Takaful after receiving regulatory approvals in Malaysia and Canada. CIMB Aviva Assurance is a ...
Tags: Sun Life, CIMB Aviva
Canada-based Sun Life Financial and Malaysian investor Khazanah Nasional are planning to acquire life insurer CIMB Aviva in Malaysia, in a deal valued at MYR1.8bn ($596m). Both firms will jointly purchase 98% of the life insurer in order ...
Tags: life insurer, CIMB Aviva, financial services markets, insurance company
Malaysia based CIMB Group is planning to dispose of 51% stake in CIMB Aviva Assurance, the insurance joint venture (JV) formed in collaboration with the UK based underwriter Aviva. Sources familiar with the matter were quoted by Bloomberg ...
Tags: Cimb, insurance joint venture, aforesaid stake, stake