Strategy & Practice Management

FWD and Thai bank in talks for insurance sale

Siam Commercial Bank (SCB) is understood to have begun talks with FWD Group to sell its life insurance arm, according to a Reuters report.

The deal with the Hong Kong-based insurer could be worth up to USD3 billion for the Thai bank, cited the report.

This would help FWD expand its existing insurance business in the South-east Asian country, which is attractive for foreign firms given the current lower insurance penetration levels.