Slaughter and May is advising FWD Group on its strategic investment in Gibraltar BSN’s Malaysian life insurance business

Slaughter and May is advising FWD Group on its proposed strategic investment in a majority stake in Gibraltar BSN Life Berhad (“Gibraltar BSN”). The transaction is expected to close in the second quarter of 2023.

FWD Group, and other investors, will together hold an effective 70% stake in Gibraltar BSN, which is being acquired from The Prudential Insurance Company of America, the wholly owned subsidiary of US-based NYSE-listed Prudential Financial, Inc. (NYSE: PRU) (“PFI”). Bank Simpanan Nasional (“BSN”) will continue to hold the remaining 30% stake ownership in Gibraltar BSN. Post-completion, FWD Group will partner with BSN to further develop and grow Gibraltar BSN.

Slaughter and May is supporting the internal legal team at FWD.