Wednesday, December 13, 2017

M&A

China’s CNinsure sells stake to J&R

China’s CNinsure sells stake to J&R

Manufacturer and supplier of fire protection and safety equipment, expected to hold approximately 5.5% of CNinsure’s outstanding shares.

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ACE acquisition of Chubb seen as one of the biggest on record

ACE acquisition of Chubb seen as one of the biggest on record

Ace shareholders to own aprroximately 70% of the new company.

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China’s Anbang Insurance acquires Belgian bank

China’s Anbang Insurance acquires Belgian bank

Chinese insurer officially acquires Delta Lloyd Bank Belgium, one of the oldest banks in the Country.

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US regulators okay Fosun’s US$433m insurance acquisition

US regulators okay Fosun’s US$433m insurance acquisition

Chinese conglomerate receives approval from regulators in Michigan and Washington.

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Malaysia’s BTPN bank seeks life insurance acquisition

Malaysia’s BTPN bank seeks life insurance acquisition

BPTN customers currently covered by separate credit life insurance policies.

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Fubon Financial acquires Hyundai Life Insurance stake for US$199m

Fubon Financial acquires Hyundai Life Insurance stake for US$199m

Taiwanese financial services firm to acquire stake via its insurance unit, Fubon Life Insurance.

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Buffett debuts in Australia, with eye on Asia

Buffett debuts in Australia, with eye on Asia

Warren Buffett’s IAG deal will give the Aussie insurer ammunition to buy assets in its Asian backyard.

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Fosun to buy Israeli insurer Phoenix for US$471m

Fosun to buy Israeli insurer Phoenix for US$471m

Phoenix Holdings owner, still has the option to cancel the deal if not closed after five months.

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Zurich Insurance to acquire 75% stake in MAA Takaful

Zurich Insurance to acquire 75% stake in MAA Takaful

Deal subject to approval by Bank Negara and the minister of finance.

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Warren Buffett buys US$388m stake in IAG

Warren Buffett buys US$388m stake in IAG

IAG to sell a 3.7% stake to Berkshire Hathaway Inc. in a 10-year strategic partnership.

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Taiwan’s Nan Shan Life to acquire AIG unit for US$158m

Taiwan’s Nan Shan Life to acquire AIG unit for US$158m

Nan Shan Life to buy the personal and SME insurance businesses from AIG’s unit in Taiwan.

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Japan’s Tokio Marine to acquire HCC Insurance for US$7.5bn

Japan’s Tokio Marine to acquire HCC Insurance for US$7.5bn

Overseas acquisition set to be biggest ever entered into by a Japanese nonlife insurance firm.

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Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved

Anbang Insurance’s US$1bn acquisition of Tong Yang Life approved

Approval issued despite concerns over reciprocity.

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BDO Unibank acquires Generali Pilipinas Holdings

BDO Unibank acquires Generali Pilipinas Holdings

Acquisition part of the bank’s strategy to diversify into the life insurance business.

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China’s Fosun in final stage of acquiring Israel’s biggest insurer

China’s Fosun in final stage of acquiring Israel’s biggest insurer

Fosun set to acquire Israel’s Pheonix Group for US$858M.

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Japan’s Tokio Marine seeks overseas bancassurance deals

Japan’s Tokio Marine seeks overseas bancassurance deals

Japanese insurance giant has spent over US$8bn on international deals since 2008.

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Nippon Life said to acquire National Australia Bank’s life insurance unit

Nippon Life said to acquire National Australia Bank’s life insurance unit

Analysts value the life insurance business at up to US$1.4bn.

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Samsung Life Insurance eyes acquisition in the Philippines

Samsung Life Insurance eyes acquisition in the Philippines

Growing economy, low insurance penetration rate, and large population seen as factors.

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WINTER 2017

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