(Bloomberg)—Manulife Financial Corp., Korea Life Insurance Co. and KB Financial Group Inc. are among firms that made second-round bids for ING Groep NV’s Asian insurance operations, said three people with knowledge of the matter.

Manulife offered to buy most of the regional unit, while Korea Life bid for ING’s Southeast Asian business, said the people, asking not to be identified because the information is private. KB Financial made an offer for the South Korean operations, one of the people said. The latest offers are binding, the people said.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access