Saturday, November 18, 2017

M&A

Two Malaysian pension funds eye stakes in insurers

Two Malaysian pension funds eye stakes in insurers

The country’s two biggest pension funds are considering buying into one of the locally incorporated foreign-owned insurers.

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Japanese life insurers seek to acquire global asset managers

Japanese life insurers seek to acquire global asset managers

Challenging returns at home prompt Japanese majors to seek opportunities and expertise abroad.

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India’s GIC sets IPO for 11 October

India’s GIC sets IPO for 11 October

IPO set to be be the biggest listing in India in seven years.

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Tokio Marine to buy AIG medical insurance unit

Tokio Marine to buy AIG medical insurance unit

The Japanese insurer will buy the business through US subsidiary HCC Insurance for over US$266m.

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Suncorp plans to sell life insurance unit

Suncorp plans to sell life insurance unit

The move comes after chief executive Michael Cameron commenced a strategic review of the division in February.

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Etiqa completes acquisition of Indonesian insurer

Etiqa completes acquisition of Indonesian insurer

Maybank’s wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.

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Allianz completes sale of Korean unit to Anbang

Allianz completes sale of Korean unit to Anbang

The deal completed after the Financial Services Commission finally approved the transaction earlier this week.

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Nippon Life in talks to acquire stake in TCW Group

Nippon Life in talks to acquire stake in TCW Group

The Japanese giant has begun discussions on its plan to buy a 20-30% stake in the US asset manager.

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AIA pays A$3.8 billion for CBA life unit

AIA pays A$3.8 billion for CBA life unit

The Asian insurance giant has acquired Australia’s CommInsure Life and New Zealand’s Sovereign.

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Foreign insurers rush to meet Malaysia ownership cap

Foreign insurers rush to meet Malaysia ownership cap

Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.

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China to heighten insurance scrutiny

China to heighten insurance scrutiny

Investments and capital flows in and out of the industry will be overseen more closely, the country’s regulator announced.

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AIA set to buy Commonwealth Bank’s life assets

AIA set to buy Commonwealth Bank’s life assets

The Asian insurance group has become favourite to buy the unit in a deal said to be worth more than US$4bn.

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At least 20 bidders eye AXA wealth unit in HK

At least 20 bidders eye AXA wealth unit in HK

China Taiping Insurance and Country Garden are reportedly among the companies that have expressed an interest.

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Allianz rebuffs Chinese takeover

Allianz rebuffs Chinese takeover

It emerged this week that Anbang and HNA both attempted a takeover of the German insurer earlier this year.

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Huabang Financial to acquire Israel’s Clal Insurance

Huabang Financial to acquire Israel’s Clal Insurance

The controlling stake in the Israeli insurance and financial firm is valued at approximately US$1.36b.

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Sompo to sell Lloyd’s unit

Sompo to sell Lloyd’s unit

The Japanese insurer will offload Sompo Canopius to private equity firm Centerbridge Partners for ¥100b.

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Fairfax buys stake in rival of Indian partner

Fairfax buys stake in rival of Indian partner

ICICI Lombard has agreed to allow the Canadian company to buy a 49% stake in nonlife startup Digit.

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PICC eyes South-East Asia acquisitions

PICC eyes South-East Asia acquisitions

China’s biggest non-life insurer may see a couple of deals happening before the end of this year, according to a company executive.

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Zainudin Ishak, Malaysian Re

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