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International

Axa seeks to sell Malaysian general insurance business

September 10, 2019 Reprints

French insurer Axa SA and Malaysia-based Affin Bank Berhad are looking to sell their general insurance business in Malaysia for around $500 million, Asia Insurance Review reports citing Bloomberg. This development follows the Malaysian government's decision to enforce the 70% foreign ownership cap in an insurer more firmly.

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Axa seeks to sell Malaysian general insurance business

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