Aviva admitted the Asia business was for sale last month

Allianz, Nippon Life and MS&AD Insurance are among several companies aiming to get their hands on Aviva’s Singapore and Vietname business, Reuters reported today.

The business will likely come with a $2-$2.5bn price tag.

Other companies vying to snap up the business include Canada’s Sun Life Financial. The deadline for the first round of formal bids is understood to be the end of this year. 

Chief executive Maurice Tulloch admitted last month the Asian business was under review and said there could be a sale.

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