Deals
Sun Life, Billionaire Cheng Eye Insurance Deal With Hong Kong’s Dah Sing, Sources Say
- Other bidders for Dah Sing bancassurance deal include Manulife
- Hong Kong’s Dah Sing working with adviser on new partnership
This article is for subscribers only.
Canadian insurers Sun Life Financial Inc. and Manulife Financial Corp. are among companies considering bids for an insurance partnership with Hong Kong banking group Dah Sing Financial Holdings Ltd., according to people familiar with the matter.
Other firms weighing an offer include closely-held FTLife Insurance Co., the people said, asking not to be identified because the matter is private. The insurer is owned by an arm of Hong Kong’s New World Development Co., the billionaire Cheng family’s conglomerate.