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DBS to seek bids for general insurance distribution deal

Saturday, May 6, 2017 - 05:50

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DBS, which has partnerships with subsidiaries of Japanese group MS&AD Insurance Group Holdings Inc since 2005, plans to seek bids from insurers as soon as next month.

Singapore

DBS GROUP plans to invite bids from insurers keen to sell general insurance products across the key markets of Southeast Asia's biggest lender, in a deal potentially worth up to US$350 million, sources familiar with the matter said.

The move underscores the under-

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