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Citigroup to seek bids for non-life insurance partnership in Asia-Pac: source

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Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the US bank's Asia-Pacific markets, in a deal that could be worth at least US$500 million, a source with knowledge of the matter said.

Singapore

CITIGROUP Inc will seek bids from global insurers keen to sell general insurance products across the US bank's Asia-Pacific markets, in a deal that could be worth at least US$500 million, a source with knowledge of the matter said.

Citi's move underscores how banks are

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