DBS Seeks Bids for Non-Life Insurance Distribution Deal
DBS plans to invite bids from insurers who are interested to sell general insurance products across the key markets of DBS. The deal could potentially be worth up to $350 million.
“The deal could be potentially worth up to $350 million.”
According to sources, DBS which has partnerships with subsidiaries of Japanese group MS&AD Insurance Group Holdings since 2005 plans to seek bids from insurers as soon as next month.
News Source: Reuters
About DBS Bank
DBS Bank Ltd (SGX:D05) is a Singaporean multinational banking and financial services company. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank. Founded in 1968, DBS acquired POSB (Post Office Savings Bank) in 1998. With over
280 branches across 18 markets in Asia, DBS serves over four million customers in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia.
- Origin : Singapore
- Assets : SGD 458 billion
- Revenue : SGD 10.8 billion
- Employees : 22,000
Official Website: www.dbs.com
News & Media: Press Release
Updated on 8th August 2016