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Richard Li’s FWD pays record US$3 billion for life insurance unit of Thailand’s Siam Commercial Bank
Posted at 14:48h
in 2019
FWD Group, the insurance unit of Hong Kong tycoon Richard Li Tzar-kai’s Pacific Century Group, has agreed to buy SCB Life Assurance, the life insurance business of Thailand’s Siam Commercial Bank, for 92.7 billion Thai baht (US$3 billion), reflecting the largest insurance deal in Southeast Asia in terms of value.
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