trending Market Intelligence /marketintelligence/en/news-insights/trending/gsnsfyc-iy_izx7c4bhhew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Report: Sompo Japan, CIMB Group near bancassurance deal

IFRS 9: Time is Running Out for Insurance Companies to Comply

5 Quant Research Traps to Avoid

S&P Global Market Intelligence

Wind Power by the Numbers: U.S., Canada and Mexico

CUSIP Identifier Requests for New U.S. Corporate Debt Surge in January


Report: Sompo Japan, CIMB Group near bancassurance deal

Sompo JapanNipponkoa Holdings Inc. is nearing a bancassurance agreement withCIMB Group HoldingsBhd., Bloomberg News reported April 13, citing "people withknowledge of the matter."

The Japanese insurer could pay as much as US$200 million forthe right to distribute its general insurance products through the Malaysianbank's branches across Asia for a period of more than 10 years.

Sompo Japan Nipponkoa will be replacing 's , which has a 10-yearbancassurance agreement with CIMB Group. The possible deal is not yet set anddetails could still change, the sources said.

A spokesman for Sompo Japan Nipponkoa declined to comment,while representatives from CIMB Group did not immediately respond toBloomberg's calls for comment.