AXA Affin General Insurance is among the top medical and health insurers in Malaysia, with 5,000 agents across the nation.
KUALA LUMPUR: French insurer AXA SA and Affin Bank Bhd are exploring options including a potential sale of their life and general insurance business in Malaysia that could fetch about US$650mil, according to people with knowledge of the matter.
Kuala Lumpur-based Affin Bank and AXA are working with advisers on the potential deal, said the people, who asked not to be identified as the information is private.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
