Sunday, April 22, 2018

M&A

Nippon Life eyes majority stake in MassMutual for US$980m

Nippon Life eyes majority stake in MassMutual for US$980m

The 85% stake will add a bigger branch network to the Japanese insurer’s traditional female agency force.

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India’s Videocon to divest insurance unit

India’s Videocon to divest insurance unit

The company is selling its stake in Liberty Videocon General Insurance to Diamond Dealtrade and Enam Securities.

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Allianz gets regulatory nod for sale of Taiwan portfolio

Allianz gets regulatory nod for sale of Taiwan portfolio

The insurer hopes to sell more than 78,000 life policies to Taipei-based China Life Insurance.

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Phoenix buys Standard Life insurance unit

Phoenix buys Standard Life insurance unit

The US$4.5bn transaction follows its recent purchases of Abbey Life and Axa Wealth.

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HDFC seeks to acquire Apollo Munich

HDFC seeks to acquire Apollo Munich

India’s biggest mortgage firm has entered into the talks as part of a new push for growth through acquisitions.

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Sun Life to embark on acquisitions

Sun Life to embark on acquisitions

The planned spending spree has been helped by better-than-expected earnings in the fourth quarter.

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Khazanah unit to sell its Turkish insurance business

Khazanah unit to sell its Turkish insurance business

The Malaysian sovereign wealth fund is seeking to dispose of Istanbul-based Acibadem Sigorta.

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China’s Rongfeng asked to justify plan to buy stake in Greek insurer

China’s Rongfeng asked to justify plan to buy stake in Greek insurer

Doubts emerge it may not have the capacity to engage in the deal with Ethniki Hellenic General Insurance

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Peak Re says goodbye to IFC

Peak Re says goodbye to IFC

Prudential Financial has acquired IFC’s shareholding as the business outgrows its original emerging-market remit.

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Bank Danamon considers selling stake in insurance subsidiary

Bank Danamon considers selling stake in insurance subsidiary

The Indonesian bank’s insurance subsidiary is attracting interest from foreign investors.

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China Life reportedly acquiring AMP’s life assets for US$3bn

China Life reportedly acquiring AMP’s life assets for US$3bn

A possible deal to buy the troubled life insurance assets could be announced in May, according to reports.

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Open for business?

Open for business?

Chinese acquirers are watching Oceanwide’s revived attempt to buy US insurer Genworth with interest.

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SoftBank eyes buying stake in Swiss Re

SoftBank eyes buying stake in Swiss Re

Chief executive Msayashi Son is following Warren Buffett in using reinsurance cash flows to buttress his group.

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Manulife to sell US assets, scrap John Hancock IPO

Manulife to sell US assets, scrap John Hancock IPO

The Canadian insurer is said to be re-considering options after a strategic review of its US operations.

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Genworth, China Oceanwide refile acquisition plan

Genworth, China Oceanwide refile acquisition plan

The company is seeking financing as it aims to address maturing debt of about US$600 million.

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Great Eastern may sell minority stake in Malaysian unit

Great Eastern may sell minority stake in Malaysian unit

Malaysia’s largest pension fund, Employees Provident Fund, is reportedly in talks to buy the US$1bn stake.

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Allianz to acquire Sri Lanka’s Janashakthi Insurance

Allianz to acquire Sri Lanka’s Janashakthi Insurance

The German insurer will have a market share of approximately 20% after the US$107m acquisition.

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India unveils three-way merger of state-owned insurers

India unveils three-way merger of state-owned insurers

National Insurance, United India Insurance and Oriental Insurance are set to merge to form a single entity.

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