Bangkok, Thailand. Credit: lOvE lOvE/Shutterstock.com
The deal, which will be the largest-ever insurance transaction in Southeast Asia, is the latest in a string of acquisitions by the insurer backed by Hong Kong tycoon Richard Li.
July 03, 2019 at 03:13 PM
1 minute read
Magic Circle firms Slaughter and May and Linklaters have landed lead roles on the biggest-ever insurance deal in southeast Asia.
Hong Kong-based FWD Group Financial Services Pte. Ltd., an insurer backed by tycoon Richard Li, the youngest son of Hong Kong’s richest person Li Ka-shing, is acquiring SCB Life Assurance Public Co. Ltd., the life insurance business of Thai lender Siam Commercial Bank Public Co. Ltd., for $3 billion, the largest-ever transaction in the industry in southeast Asia.
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