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Hong Kong Lender Dah Sing Weighing Insurance Partnership, Sources Say

  • Dah Sing working with financial adviser on bancassurance deal
  • Agreement could be valued at a few hundred million dollars

Dah Sing Financial Holdings Ltd. is seeking a new insurance partner after it terminated an agreement with Tahoe Life Insurance Co., according to people familiar with the matter.

The Hong Kong banking group is working with an adviser to pursue a so-called bancassurance partnership, the people said, asking not to be identified because the matter is private. A deal, which could be worth a few hundred million dollars, could draw interest from other insurers seeking to expand in the territory, they said.