Tokio Marine taps Goldman, Jefferies to sell $1b SE Asia life insurance unit

Tokio Marine taps Goldman, Jefferies to sell $1b SE Asia life insurance unit

Tokio Marine Holdings Inc President and CEO Tsuyoshi Nagano poses for a photo at the company headquarters in Tokyo June 4, 2015. REUTERS/Toru Hanai

Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and Jefferies to work on the sale of its Southeast Asia life insurance business worth $1 billion, two sources with knowledge of the transaction said.