Insurer Aviva is to sell its stake in its Hong Kong joint venture, Blue, to its partner Hillhouse Capital.
It is also considering the future of its businesses in Vietnam and Indonesia.
But it says it is retaining its businesses in Singapore and China "which support our strategy of meeting customers' saving and insurance needs. These are profitable businesses, delivering attractive growth and generating positive cash-flow".
It comes as the firm announces a restructuring of its business into five divisions: Investments, Savings & Retirement; UK Life; General Insurance; Europe Life; and Asia Life.