Bank Negara Malaysia has cleared RHB Bank to begin talks with Tokio Marine Asia on a proposed insurance deal.
The negotiations will cover RHB Bank’s proposed disposal of up to 100% of its stake in RHB Insurance Berhad to Tokio Marine Asia.
The proposed transaction would also see Tokio Marine Insurans (Malaysia) Berhad and RHB Insurance integrated into a larger combined entity, where RHB Bank would hold up to 35%.
RHB Investment Bank Berhad announced the development on behalf of RHB Bank’s Board of Directors after BNM issued its no-objection letter dated 11 May 2026.
The approval is subject to all parties completing the negotiations within six months from the date of BNM’s letter.
The relevant parties will still need prior approval from the Minister of Finance, with BNM’s recommendation, before entering into any definitive agreements under the Financial Services Act 2013.
RHB said it will make a detailed announcement once the definitive agreements for the proposed deal are signed.
Featured image: Edited by Fintech News Malaysia, based on image by RHB via Google Play
