Industry Segments: M&A Page 42 / 66
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- July 13 2018
Anbang starts disposals
The Chinese government has begun the process of selling international assets, with Belgium’s Fidea reportedly up first.
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- July 6 2018
IDBI Bank no longer pursuing sale of stake in insurance JV
The proposed sale of its stake in IDBI-Federal Life has been torpedoed by LIC's investment in the bank.
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- July 4 2018
Israeli insurer Phoenix calls off deal with China’s Sirius
The cancellation of the deal came after the Chinese insurer failed to secure regulatory approval.
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- July 3 2018
AIA completes deal for CBA’s NZ life insurance business
The net cash outlay by AIA is expected to be less than US$500m after the reinsurance arrangement.
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- June 29 2018
Bank Rakyat Indonesia revives plan to sell life insurance stake
Indonesia's most profitable lender is reportedly reviving a plan to sell a minority stake in Asuransi BRI Life.
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- June 29 2018
India’s non-life insurers seek outside help for mega merger
National Insurance, Oriental Insurance and United India Insurance are looking for advice on their planned merger.
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- June 27 2018
Indian government defends LIC acquisition of IDBI
The state-owned insurer's move has been described as an acquisition, not a bailout.
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- June 27 2018
Generali raises stake in India JV
The Italian group is increasing its stake in Future Generali from 22.5% to 49% in a deal that could cost US$140m.
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- June 21 2018
Global insurance industry to see more partnerships, says KPMG
Slow growth and fierce competition is fuelling more acquisitions and partnerships in the global insurance sector.
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- June 20 2018
IAG sells operations in Thailand, Indonesia and Vietnam
Tokio Marine & Nichido Fire Insurance has bought the underperforming units for at least US$390m.
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- June 12 2018
US drops objection to China Oceanwide-Genworth deal
The acquisition is moving ahead after the Committee on Foreign Investments in the United States steps aside.
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- June 1 2018
India considers wholly foreign-owned insurance brokers
The government has reportedly agreed to consider the industry's request to allow 100% foreign direct investments.
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- May 31 2018
ANZ New Zealand sells OnePath Life to Cigna
The NZ$700m (US$484m) is part of the Australian company’s efforts to simplify its operations.
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- May 30 2018
Anbang begins search for strategic shareholder
The troubled insurer is seeking private investors as part of its transition from Chinese state control.
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- May 29 2018
Swiss Re, SoftBank call off investment talks
Swiss Re said it has agreed with SoftBank to call off a potential minority investment by the Japanese technology conglomerate.
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- May 25 2018
Mitsui Sumitomo returns to China life market
The MS&AD subsidiary has agreed to pay Rmb4.325b (US$668m) for a 37.5% stake in BoCommLife Insurance.
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- May 25 2018
GE eyes selling off its insurance business
The GE Capital unit has incurred huge liabilities, shareholder lawsuits and a probe by US regulators.
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- May 24 2018
Australia’s CBA sells BoComm stake to Mitsui Sumitomo
The sale will fulfil a condition of the sale of its life insurance businesses in Australia and New Zealand to AIA.
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- May 23 2018
Anbang selling majority stake in Century Securities
The Chinese government-controlled insurer is looking to raise at least US$565m from the sale.
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- May 22 2018
Generali unveils Asia, Latin America expansion plans
The Italian group plans to further strengthen its position in countries where it already does business.
