IAN Factsheets ← back
- Property & Casualty
- Published 24 Feb 2026
2025 APAC insurance M&A by the numbers
Asia Pacific insurance M&A activity surged in 2025, defying the cautious climate of the previous year and signalling a renewed strategic vigour across the region.
The market was overwhelmingly driven by relentless consolidation among brokers, MGAs, and adjusters, complemented by several blockbuster cross-border investments by insurers seeking scale and specialty capabilities.
While geopolitical and regulatory factors persisted, capital availability from global strategics, private equity, and reinsurers proved abundant, fueling domestic roll-ups and ambitious international moves.
-
Canopius’ APAC premiums climb 22% to US$461m, COR drops to 81.2%
- March 11
Samsung-backed Lloyd's carrier hails strong engineering and Australian casualty lines growth.
-
Central Bank of India approved to raise stake in Generali JVs to 26%
- March 4
Bank will raise its stake by 1.09% in Generali Central Insurance and by 0.82% in Generali Central Life Insurance after sign off from the Competition Commission of India.
-
South Korean deposit insurer picks 3 bidders for Yebyeol Non-Life
- January 30
Hana Financial Group, Korea Investment Holdings, and private equity firm JC Flowers were earlier identified as suitors for the South Korean carrier.
-
Hana Financial, Korea Investment, JC Flowers lodge bids for Yebyeol Insurance: report
- January 27
Final bids for the bridge insurer set up to transfer MG Non-Life's policies are scheduled for the end of March.