Industry Segments: M&A Page 45 / 61
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- June 29 2017
Anbang sues former owners of Tongyang Life
In a case of buyer's remorse, the Chinese insurer has complained that the sellers deliberately concealed risks.
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- June 28 2017
Mirae Asset Life to buy 50% stake in Prevoir Vietnam
The deal marks Mirae's entry into the Vietnamese market, having reportedly outbid a Chinese competitor.
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- June 23 2017
Five Philippine non-life insurers to exit industry
Some non-life insurers in the country have decided to voluntarily exit the insurance business by year-end.
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- June 21 2017
Tahoe completes acquisition of Dah Sing Insurance
The HK$10.6b transaction sees Paula Wai-Yee Choi become CEO of the Hong Kong insurer.
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- June 20 2017
Tokio Marine raises stake in Indian unit
The Japanese insurer now holds 49% in the unit after buying an additional 23% stake for US$392m.
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- June 16 2017
Industry fears fall-out from Anbang crisis
There are worries that the crisis at Anbang will lead to a liquidity crunch that could affect the financial industry.
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- June 12 2017
Plan to merge three Indian insurers scrapped
Oriental Insurance, National Insurance and United India Insurance have been asked to come up with a new plan.
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- June 9 2017
Regulator opposes merger of Indian life firms
Irdai has disapproved the proposed merger of Max Life and HDFC Standard Life, based on the structure of the deal.
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- May 30 2017
Aviva eyes fintech future with AI acquisitions
The British insurer has said that acquisitions related to artificial intelligence and big data are in the pipeline.
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- May 30 2017
Fairfax sells stake in Indian JV
The Canadian company has sold 12.18% of its stake in general insurance firm ICICI Lombard General Insurance.
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- May 26 2017
Asian-American group to buy Fidelity for US$1.84bn
CF Corp announced it would buy the US annuities and life insurer via an all-cash transaction.
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- May 25 2017
Doubts on HDFC Life, Max Life merger unresolved
The proposed merger has not received any opinion from the country’s attorney general.
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- May 25 2017
Tokio Marine to pare down stake in Malaysia business
The move is part of Bank Negara Malaysia’s ruling for foreign insurers to cut their stake to 70% in local life insurers.
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- May 23 2017
Foreign insurers eyeing up Syarikat Takaful Malaysia
A number of foreign insurers have reportedly expressed interest in acquiring the takaful operator.
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- May 22 2017
U Mobile, Sun Life ink insurance deal
The partnership represents the first time any Malaysian telco has offered life insurance to its customers.
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- May 17 2017
Insurance M&A scaled back in 2016
There were signs of retreat across all sectors last year, a new study by investment manager Conning suggests.
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- May 12 2017
Anbang-owned Fidea set for relaunch
Acquired by Anbang two years ago, the Belgian insurer is now focusing more on long-term returns.
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- May 9 2017
Samsung Fire & Marine buys 20% of Vietnamese insurer
The Korean insurer will buy the stake in PJICO from Vietnam’s largest petrol dealer for US$23.4m.
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- May 8 2017
Korea approves Mirae’s acquisition of PCA Life
After the acquisition Mirae will become the country’s fifth-largest life insurer based on asset size.
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- May 2 2017
AIG completes sale of Fuji Life to FWD
The Japanese insurer will become a wholly owned subsidiary of FWD and will continue to operate under its current name.
