Japan-headquartered Tokio Marine Holdings is considering a sale of its life insurance business in southeast Asia in a deal that could be valued at $1bn (£800m, €910m), Bloomberg reported.
The report stated that the Japanese insurer wants to focus on its core operations.
The Tokyo-listed firm is reportedly working with an adviser to gauge interest in its life insurance units in Indonesia, Malaysia, Singapore and Thailand.
Bloomberg said that Tokio Marine would prefer to find a buyer for all the assets, though it is also considering a piecemeal deal.
Tokio Marine told Bloomberg that it always considers disciplined M&A deals, and reviews its business portfolio in general to improve profitability and achieve sustainable growth. But the firm declined to comment further on the report.
International Adviser contacted Tokio Marine for a comment but it did not reply in time for publication.
