Warburg Pincus Is Said to Explore Options for Asian Insurer Oona

Warburg Pincus is considering options for Oona Insurance that might lead to a sale, according to people familiar with the matter, after receiving interest from other insurers and investment firms.

The US private equity firm is working with Citigroup Inc. to review strategic opportunities for the Southeast Asian digital general insurer, the people said, asking not to be identified because the deliberations are private.

A transaction could value Oona at several hundred million dollars, and may include forming a partnership with the interested parties, the people said.

Considerations are preliminary and Warburg Pincus might also decide against pursuing a deal, ...