Slaughter and May advised FWD on its acquisition of the life insurance business of Siam Commercial Bank and related bancassurance arrangements
Slaughter and May advised FWD Group (FWD) on its acquisition of SCB Life Assurance from Thailand's largest lender, Siam Commercial Bank (SCB), for 92.7 billion Thai baht (US$3 billion).
The deal was announced on 1 July 2019, and is the largest insurance M&A deal in South East Asia.
Under the related bancassurance arrangements, SCB will distribute FWD's life insurance products to the bank's customers in Thailand, leveraging the bank's distribution channels for a period of 15 years.
Slaughter and May supported FWD’s internal deal team on the transaction.