Industry Segments: M&A Page 53 / 61
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- April 5 2016
Chinese investors’ interest in Australian insurers grows
M&A activity involving Chinese firms and Australian insurers is expected to rise this year, according to global law firm Clyde & Co.
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- April 5 2016
ICICI sells Lombard stake to JV partner Fairfax
The Indian bank sold the 9% stake in its insurance subsidiary for US$234m or five times book value.
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- April 5 2016
Australia’s Honan enters Malaysia
The Australian owned and operated broking company has entered a strategic relationship with local broker Hayat.
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- March 31 2016
China Pacific eyes controlling stake in Anxin Agricultural
CIRC approves 51% stake in the Shanghai-based provider of traditional agricultural and cultivation products.
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- March 30 2016
Anbang sweetens Starwood bid to US$15bn
Anbang has raised its offer in its latest challenge to Marriott International's bid to acquire the US hotel operator.
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- March 29 2016
Sun Life acquires full control of Indonesian JV
The US$42m deal, which is expected to close by September, gives it full control of CIMB Sun Life.
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- March 23 2016
Anbang loses Starwood bid to Marriott
The Chinese insurer misses out after US rival increases its offer for the hotel chain to US$13.2 billion.
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- March 18 2016
Japan Post to strengthen sales of insurance products
The group's new president faces a profit challenge from the drop in mail volume and negative interest rate policy.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 16 2016
Anbang leads US$13bn group bidding for Starwood Hotels
The Chinese insurer continues overseas buying spree, but Starwood says it is committed to deal with Marriott.
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- March 15 2016
China majors allocate US$240bn for overseas property deals
The increased allocation comes at a time when a growing number of insurers are expanding overseas.
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- March 14 2016
Zuellig eyes 49% stake in FPG Insurance Thailand
The company says Thailand offers huge potential because of its comparatively low insurance penetration.
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- March 14 2016
Hiscox selling DirectAsia business in HK
The specialty insurer will focus on its operations in Singapore and Thailand, where it sees greater growth opportunities.
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- March 9 2016
Chinese firms aggressively pursuing M&A deals in Korea
Players in the Korean market face worsening profits, which is creating buying opportunities for mainland firms.
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- March 7 2016
Zurich Australia buys Macquarie’s life business
The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.
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- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
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- February 26 2016
Chinese bidders queue up for Allianz Korean life business
Fosun and Anbang are reportedly showing interest in the asset, which is said to be worth US$500 million.
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- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
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- February 25 2016
Zurich denies rumours of Singapore, HK sale
The Swiss insurer is not considering the sale of its businesses in the two cities, contrary to market rumours.
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- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
