Industry Segments: M&A Page 56 / 65
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- May 12 2016
Philippine government sells National Life
The insurance regulator has approved the sale to a consortium of Filipino businessmen for US$23 million.
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- May 11 2016
CIRC reportedly checking on Anbang’s investments
The regulator is reportedly sending inspectors to scrutinise investments in real estate and unlisted equities.
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- May 11 2016
EastWest buys StanChart’s Philippine insurance unit
Assurance Solutions Insurance Agency was set up in 2012 to provide marketing and sales services for Standard Chartered.
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- May 11 2016
Allianz to sell part of Taiwan life insurance portfolio
The sale of the €1.2 billion portfolio is driven by the constraints on European insurers as a result of Solvency II.
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- May 6 2016
Anbang’s aggression pays off with triple-digit income rise
Investment income for the Chinese insurer's life business grew by 110.9% last year, according to its latest results.
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- May 5 2016
Aviva raises stake in Indian JV to 49%
The British insurer paid US$141m to buy an additional 23% stake in its JV from Dabur Invest Corp.
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- May 5 2016
Japanese insurers’ US M&A spree set to continue
Dealmakers say they expect activity to top more than the US$18 billion they spent in the US last year.
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- April 29 2016
Willis strengthens HK team with Deutsche hire
Vincent Lien has joined as managing director of Willis Capital Markets & Advisory in Hong Kong.
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- April 29 2016
Zurich to take over Malaysia’s MAA Takaful
The deal proposed in November 2015 has won regulatory approval from the country’s central bank.
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- April 28 2016
Ping An expected to join US$3bn ING Life Korea bid
Korea’s fifth-largest insurance firm is expected to fetch more than US$3bn in a highly contested bidding process.
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- April 21 2016
China’s property players eye insurance sector
High land costs and a growing need for cash-yielding assets is driving developers to bid on insurance operations.
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- April 20 2016
Siam Commercial Bank courted for its life business
The Thai bank has reportedly received proposals from a number of investment banks, with an expected valuation of US$3bn.
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- April 19 2016
Fitch warns of Chinese insurers’ rising risks
The country's insurers could face rising risks in a number of areas as they increasingly invest overseas.
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- April 15 2016
Future Land bids US$1bn for Dah Sing Life
The bid is part of a plan to sell Hong Kong insurance products to homebuyers in China.
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- April 12 2016
More Korean insurers to go up for sale this year
The low price paid by Anbang for Allianz Life Insurance Korea highlights the troubles facing the industry.
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- April 8 2016
M&A boom fuelling growth in insurance protection
Acquisitive Asian corporates helped drive a record year for M&A insurance during 2015, according to Marsh.
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- April 7 2016
Anbang buys Allianz’s Korea life unit for US$216 million
The deal comes barely a week after Anbang abandoned a US$14 billion bid for Starwood Hotels & Resorts.
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- April 6 2016
AXA Philippines completes acquisition of Charter Ping An
The acquisition allows it to offer the full spectrum of financial protection to customers in the country.
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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.
