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Tokio Marine taps Goldman, Jefferies to sell $1bln Southeast Asia life insurance unit-sources

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Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.

to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.

A sale could include Tokio Marine's life insurance businesses in Indonesia, Malaysia, Singapore and Thailand, said the other source.Tokio Marine, Goldman Sachs and Jefferies declined to comment.

 

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