According to thedailystar_biz, softlogic Life Insurance PLC, the second-largest life insurer in Sri Lanka, is set to acquire Diamond Life Insurance Company, a relatively new player in Bangladesh's life insurance market, which generates more than Tk 12,000 crore in annual gross premiums.
Sri Lanka's Softlogic to Acquire Bangladesh's Diamond Life Insurance
The cross-border deal marks a strategic expansion for the Sri Lankan insurer into the South Asian market, targeting Diamond's established revenue base.