Debevoise Advises AIA Group in its Bancassurance Partnership with Bangkok Bank

13 October 2017

The Hong Kong office of Debevoise & Plimpton LLP has advised long-standing client AIA Group (AIA) in relation to its new strategic bancassurance partnership with Bangkok Bank Public Company Limited to sell its insurance products in Thailand. The distribution agreement is for a 15-year period and involves all of Bangkok Bank’s nationwide distribution channels covering both retail and group life insurance product areas. Under the terms of the agreement, Bangkok Bank will distribute AIA Thailand’s protection and long-term savings products on an exclusive basis. This exclusivity does not include certain endowment savings and credit life products.

The Debevoise team advising AIA on the transaction was led by Hong Kong partner Edwin Northover and included partner E. Drew Dutton and associate Wen-Wei Lai.

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