trending Market Intelligence /marketintelligence/en/news-insights/trending/fh9TUfX7CquqlB10SOBoWg2 content esgSubNav
In This List

Report: FWD signs preliminary agreement with Siam Commercial for life deal

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Report: FWD signs preliminary agreement with Siam Commercial for life deal

FWD Group Management Holdings Ltd. has restarted discussions with Thailand-based Siam Commercial Bank PCL regarding the possible acquisition of the latter's life insurance operations, Bloomberg News reported.

The parties have sealed a preliminary agreement on a potential life insurance partnership, the lender reportedly disclosed in a filing. Terms of a transaction between the two would have FWD acquire Siam Commercial's life business and then ink a distribution agreement, according to the report.

The two are negotiating to finalize terms of the deal, which may value the business at about $3 billion, Bloomberg reported.