Industry Segments: M&A Page 1 / 66
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- December 20 2024
Roojai reignites DirectAsia Thailand acquisition
The deal for the Hiscox unit, which has been revived after being pulled in August, will strengthen the Asian carrier's Thai motor portfolio.
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- December 16 2024
Allianz withdraws US$1.6bn offer to acquire Singapore’s Income Insurance
The pre-conditional offer was called off following the Singapore government's decision to block the deal.
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- December 16 2024
PetroVietnam to fully exit domestic insurance arm by end-2025
Petroleum firm plans to exit HDI Global-backed PetroVietnam Insurance Corporation (PVI) as part of a restructuring of state-owned companies.
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- December 14 2024
Allianz to scrap US$1.6bn deal to acquire Income Insurance: report
The companies had difficulty finding a way to assuage government concerns, so they are likely to make an announcement about calling the deal off later this week.
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- December 9 2024
KDIC picks Meritz Fire & Marine as preferred bidder for MG Non-Life sale
The bidder gets an exclusive negotiation period to complete the acquisition of the state-owned insolvent carrier.
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- December 5 2024
RAC Insurance engages Barrenjoey for strategic review: report
The review aims to identify growth opportunities and enhance competitiveness in a changing market. This includes potential expansions into areas such as driverless cars and smart home technologies.
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- December 5 2024
Generali to exit Philippines life insurance business
Insular Life Assurance Company will buy the Italian carrier's unit, with completion expected by H1 2025.
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- December 3 2024
Gallagher Australia acquires transport specialist Hann Insurance Brokers
The New South Wales based broker's MD Rhett Hann and his team will join the global broking group's Newcastle office.
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- December 2 2024
Allianz Australia acquires RAA’s general business for US$415m
Allianz will underwrite the carrier's general insurance policies excluding travel and manage product, pricing and claims while RAA will handle marketing and distribution and continue offering products and services under its brand.
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- December 2 2024
LK Re chosen as Lloyd’s broker after three years in Singapore
This will allow the reinsurance broker to participate directly in the Lloyd's market and take advantage of the marketplace's licences in more than 200 countries.
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- December 2 2024
Edme Insurance Brokers promotes Saurav Guha Maulik to director, private equity and M&A services
Maulik was most recently director and business lead for private equity, M&A and structured credit lines with the broker.
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- December 2 2024
Tokio Marine puts Korean reinsurance business in run-off as part of strategic shift
Despite this retreat, the company says it remains focused on pursuing bolt-on acquisitions that align with its overseas growth goals.
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- November 28 2024
IAG to acquire RACQ insurance business for US$555m
The Australian insurer will enter a 25-year exclusive strategic alliance to provide the mutual's general insurance products and services for the members and Queenslanders.
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- November 28 2024
Sompo targeting US$1bn GWP growth from overseas business by FY 2026
It continues to eye geographic expansion and is actively working on M&A, the Japanese insurer said in its mid-term management plan.
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- November 26 2024
Sony Financial Group acquires Japanese digital insurer justInCase
The acquisition is aligned with the group's strategy to look at the small-amount, short-term insurance businesses as a way to expand its customer base.
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- November 26 2024
Aon to acquire Mitsubishi Chemical Group’s in-house insurance agency in Japan
The in-house team will transition to the broker's brand and operating model under the leadership of country head Tatsuya Yamamoto after the close of the transaction.
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- November 25 2024
Central Bank of India gets RBI nod to enter insurance business through JVs with Generali
The approval is subject to continuous compliance with conditions stipulated by the Researve Bank of India and approval of the Insurance Regulatory and Development Authority of India.
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- November 15 2024
‘No guarantee’ Allianz-Income deal will proceed, discussions ongoing
Allianz and Income Insurance said they are still having discussions on amendments to the proposed acquisition deal.
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- November 15 2024
Emerging capital standards to increase Korea, HK and Taiwan insurance consolidation: Fitch Ratings
Regulators in the Asia Pacific region are upgrading existing solvency frameworks with a growing emphasis on aligning with ICS, IFRS 17 and other global regimes.
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- November 14 2024
Envest acquires majority stake in Bendigo Insurance Brokers
The merger will add the broker to the network of Aviso Group and will bring the combined GWP up to US$616.4bn with the addition of the broker's US$13.3mn of gross written premium.
