Thursday, February 22, 2018

M&A

NTUC Income taps Fullerton to manage US$23bn in assets

NTUC Income taps Fullerton to manage US$23bn in assets

The partnership is seen to create more opportunities to explore innovative investment products.

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Steadfast to buy Whitbread Insurance for US$72m

Steadfast to buy Whitbread Insurance for US$72m

Australia’s biggest network of insurance brokers and advisers said it would finance the acquisition with a A$100m institutional placement.

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CVS Health moves closer to Aetna purchase

CVS Health moves closer to Aetna purchase

Talks regarding the US$66bn deal are reportedly at an advanced stage and could be concluded today.

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Hong Kong insurers attract buyers seeking M&A-driven growth

Hong Kong insurers attract buyers seeking M&A-driven growth

US and European insurers look to Asia amid low growth and even lower interest rates, according to new research.

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Dozen bidders eye purchase of Star Health

Dozen bidders eye purchase of Star Health

Financial and strategic investors have joined the fray to buy the Chennai-based insurer from its private equity owners.

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Targeting Asian growth

Targeting Asian growth

International insurers are looking to under-invested emerging Asian markets as a solution to their problems at home.

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Zhongtian Financial to pay US$4.7bn for stake in Huaxia Life

Zhongtian Financial to pay US$4.7bn for stake in Huaxia Life

It will buy the stakes from Beijing Qianxi Shihao Electron Technology and Beijing Zhongsheng Century Technology.

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Where now for Asia Capital Re?

Where now for Asia Capital Re?

The failure to secure a sale to Chinese investors has sent the company back to square one.

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Insurers in Malaysia target local capital

Insurers in Malaysia target local capital

Global insurers are aiming to comply with the June 2018 deadline to achieve a 30% local shareholding.

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Moody’s welcomes China’s removal of foreign ownership cap

Moody’s welcomes China’s removal of foreign ownership cap

The new regime is credit positive for both foreign and domestic life insurers, says the rating agency.

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Insurance M&A increases in value

Insurance M&A increases in value

“Fewer in number, but higher in value” says Willis Towers Watson in its recent survey.

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AXA to focus on 16 key markets

AXA to focus on 16 key markets

The company has said that it may sell some assets in countries where it lacks scale.

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Chinese app to acquire insurance broker

Chinese app to acquire insurance broker

Toutio, a Chinese news app, is poised to be the latest Chinese media platform looking to get into fintech.

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Dozen firms in the running to acquire India’s Star Health

Dozen firms in the running to acquire India’s Star Health

At least 12 companies have expressed interest in bidding for the country’s largest standalone health insurance provider.

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Willis Towers Watson hires North Asia P&C consulting lead

Willis Towers Watson hires North Asia P&C consulting lead

Evariste Yeung will head up property and casualty insurance consulting across the region.

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CDFHC expects gains after Taiwan insurer acquisition

CDFHC expects gains after Taiwan insurer acquisition

Development Financial Holding Corp says it is expecting “synergistic gains” after gaining a foothold in the Taiwanese market.

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CVS offers to buy Aetna for US$66bn

CVS offers to buy Aetna for US$66bn

The proposed acquisition is poised to be the largest ever in health insurance history.

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ANZ retains life unit but still has plans for sale

ANZ retains life unit but still has plans for sale

Life insurance will not be its main focus and the bank is planning to sell or even float the business.

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Nina Klingspor, Allianz Global Corporate & Specialty

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