Printed from

Axa seeks to sell Malaysian general insurance business

Posted On: Sep. 10, 2019 6:54 AM CST


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.

Read more.