Wednesday, May 23, 2018

M&A

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.

Read full article

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

Read full article

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.

Read full article

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.

Read full article

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.

Read full article

Open for business?

Open for business?

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

Read full article

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.

Read full article

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.

Read full article

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.

Read full article

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.

Read full article

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.

Read full article

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.

Read full article

Japan’s Rakuten to acquire Asahi Fire & Marine Insurance

Japan’s Rakuten to acquire Asahi Fire & Marine Insurance

The e-commerce group has confirmed that it is considering buying the insurer from Nomura.

Read full article

M&A activity among Hong Kong insurers to remain robust

M&A activity among Hong Kong insurers to remain robust

M&A involving insurers in the city hit US$2.84bn in 2017 and growth is expected to continue this year.

Read full article

Nippon Life eyes more acquisitions

Nippon Life eyes more acquisitions

The company’s new president says the strategy is driven by Japan’s shrinking population and low interest rates.

Read full article

SoftBank eyes backing Indian insurance startup

SoftBank eyes backing Indian insurance startup

PolicyBazaar, an online insurance aggregator, was valued at US$500m during its last funding round.

Read full article

AIG buys Bermuda-based reinsurer Validus

AIG buys Bermuda-based reinsurer Validus

The insurer is emerging from its long period of retrenchment and returning to expansion under its new chief executive.

Read full article

Prudential sells Vietnam consumer finance unit to Shinhan

Prudential sells Vietnam consumer finance unit to Shinhan

A subsidiary of the Korean financial group has agreed to pay US$151m for Prudential Vietnam Finance.

Read full article

InsuranceAsia News video

Shoaib Hussain, Milliman

Follow InsuranceAsia News

Partner Content

White Papers

Print Edition

SPRING 2018

Cat pricing unmoved