Bank of East Asia Sells Insurance Arm
BEA completes sale of insurance arm to AIA
BEA completes sale of insurance arm to AIA
The sale was for approximately $655.56m in cash, including notional interest.
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1. Malaysia finance firms see AI ambitions falter as legacy systems block progress 2. Asia and European insurers lead as US peers lose $226b in market cap 3. Tokio Marine completes $1.8b share disposal to Berkshire unit 4. Hong Kong reviews medical insurance on affordability concerns 5. CEO says Malaysian insurers face uninsurable risks as compliance focus growsResource Center
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