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Tokio Marine pauses sale of $1b Southeast Asia life insurance business

Tokio Marine pauses sale of $1b Southeast Asia life insurance business

A man exits the Tokio Marine Holdings headquarters in Tokyo. Photographer: Tomohiro Ohsumi/Bloomberg

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance  business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.

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