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.
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