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Firmly committed to Asia: Belgian insurer Ageas

  • Belgium's largest insurance company Ageas said it remains firmly committed to Asia after announcing the sale of its Hong Kong life insurance business.

    Announcing the sale on Sunday to asset management firm JD Capital for 1.23 billion euros (about $1.38 billion), Ageas said it plans to focus its Asian activity on six "growth markets" -- China, Malaysia, Thailand, India, the Philippines and Vietnam

    The insurer will keep its Asia regional office in Hong Kong and said it continues to explore other opportunities in the region. (Source: IANS)