Friday, January 19, 2018

M&A

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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