Industry Segments: M&A Page 45 / 66
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- February 9 2018
SoftBank eyes buying stake in Swiss Re
Chief executive Msayashi Son is following Warren Buffett in using reinsurance cash flows to buttress his group.
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- February 8 2018
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.
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- February 8 2018
Genworth, China Oceanwide refile acquisition plan
The company is seeking financing as it aims to address maturing debt of about US$600 million.
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- February 6 2018
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.
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- February 5 2018
Allianz to acquire Sri Lanka’s Janashakthi Insurance
The German insurer will have a market share of approximately 20% after the US$107m acquisition.
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- February 5 2018
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.
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- January 30 2018
Japan’s Rakuten to acquire Asahi Fire & Marine Insurance
The e-commerce group has confirmed that it is considering buying the insurer from Nomura.
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- January 30 2018
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.
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- January 29 2018
Nippon Life eyes more acquisitions
The company's new president says the strategy is driven by Japan’s shrinking population and low interest rates.
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- January 29 2018
SoftBank eyes backing Indian insurance startup
PolicyBazaar, an online insurance aggregator, was valued at US$500m during its last funding round.
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- January 24 2018
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.
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- January 24 2018
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.
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- January 24 2018
MetLife mulls sale of Hong Kong unit
The New York-based insurer is following in the footsteps of global counterparts Axa and MassMutual in exiting the city.
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- January 19 2018
Honan Insurance gets MAS nod to acquire NGA Benefits
The Australian-owned insurance broking company said the acquisition is part of its continuing investment in South-East Asia.
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- January 16 2018
Ergo, Manulife in talks to buy stake in IndiaFirst Life
The potential buyers are eyeing the stake owned by the UK’s Legal & General Group, which is up for sale.
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- January 15 2018
CBA eyes selling stake in Indonesian venture
The sale of a majority stake in Commonwealth Life could value the insurer at up to US$250m.
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- January 11 2018
Rise in M&A deals will fuel insurance demand in 2018
The value of deals is expected to exceed US$3tr this year, according to XL Catlin's head of M&A.
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- January 11 2018
Axis Bank seeks to acquire insurance firm
The third-largest private-sector bank in India is exploring opportunities in the fast-growing life sector.
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- January 11 2018
Great Eastern may shed stake in Malaysian operations
The insurer is reported to be in talks with Malaysian banks regarding the possible sale.
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- January 9 2018
Singapore Life to buy Zurich Life Singapore portfolio
All policies are expected to be completely transferred during the first half of the year.
