Wednesday, September 20, 2017

M&A

Philippine National Bank seeks US$500m in sale of life insurance stake

Philippine National Bank seeks US$500m in sale of life insurance stake

Possible investors could come from Japan and Taiwan.

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Bank Rakyat Indonesia to sell stake in life insurance arm

The Bank is seeking a partner to develop its life insurance unit BRIngin Life.

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Gearing up for Asian insurance M&A

Gearing up for Asian insurance M&A

Advisers to the insurance industry are gearing up for growth in Asia, in anticipation of a surge of M&A activity in the region.

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Malaysia’s growing insurance industry to drive M&A

Malaysia’s growing insurance industry to drive M&A

Under-capitalized insurers and takaful operators could be expected to seek strategic investors or alternative capital.

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Taiwan’s Cathay Financial enters Philippine banking sector

Taiwan’s Cathay Financial enters Philippine banking sector

Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).

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AXA strikes partnership deal with SingPost

AXA strikes partnership deal with SingPost

Financial advisers will promote AXA’s insurance products at 34 post offices in Singapore under a 10-year agreement.

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Islamic insurers in UAE eye mergers

Islamic insurers in UAE eye mergers

Tough new regulations, combined with financial losses and stiff competition in the UAE, are pushing insurance providers to consider mergers.

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OneBeacon Insurance Group considering sale

OneBeacon Insurance Group considering sale

China’s Fosun International Group possible bidder.

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Bahrain’s largest insurer ups stake in Takaful International

Bahrain’s largest insurer ups stake in Takaful International

Raises stake to 40.9% making it largest shareholder.

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Bank Rakyat Indonesia to acquire local life insurance company

Bank Rakyat Indonesia to acquire local life insurance company

Bank to allocate approximately USD232 million to fund its planned acquisitions.

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Asia insurance M&A growing at healthy pace

Asia insurance M&A growing at healthy pace

A report by Clyde & Co says M&A in Asia’s insurance industry is growing at a healthy pace.

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Cathay Life to acquire two troubled insurance firms for $966m

Cathay Life to acquire two troubled insurance firms for $966m

The Taiwanese insurer buys Global Life Insurance and Singfor Life Insurance through a public auction.

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Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japan’s Nippon Life could raise stake in Reliance Life after India’s new insurance bill

Japanese life insurance giant had shown interest in raising its stake from 26% to 49% before the bill was passed.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers