Industry Segments: M&A Page 61 / 65
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- September 29 2015
New India Assurance plans global expansion
India's largest non-life insurer aims to grow in Asia, North America and the Middle East.
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- September 29 2015
China eyes Bermuda reinsurance market after Tianjin
The explosions in Tianjin are spurring China to consider new sources of insurance.
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- September 25 2015
Swiss Re to acquire Guardian Financial for US$2.44bn
Swiss Re joins the deal frenzy that is currently taking place in the global insurance industry.
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- September 24 2015
Chinese insurers’ global buying spree hits US$6.1bn
Moody's says the outbound trend will continue unless there is a big change in interest rates.
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- September 24 2015
Interest for RSA Insurance likely to come from Asia
CEO Stephen Hester says the insurer will get other approaches after Zurich pulls out.
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- September 22 2015
Zurich abandons US$8.7bn RSA bid
It is puling out of a bid to acquire the British insurer due to a US$200m loss in Q3.
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- September 16 2015
Alibaba’s Ant Financial takes control of Cathay Insurance
The investment will allow a quicker entrance to mainland China's insurance market.
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- September 15 2015
Nippon Life agrees to merge with Mitsui Life
The Japanese insurer will again become the country’s biggest insurer, ahead of Dai-ichi Life.
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- September 11 2015
Manulife nears deal for StanChart’s HK pension business
The Canadian insurer is reportedly in the final stages of negotiations for the US$400m deal.
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- September 11 2015
Samsung Life seeks to enter Philippine insurance market
The Korean insurer is reportedly in talks with PNB, alongside several other foreign life insurers.
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- September 10 2015
CEO resignation will not affect Zurich’s US$12bn bid for RSA
Mike Kerner will step down as CEO at the end of the year for personal reasons, but bid goes ahead.
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- September 9 2015
Mitsui Sumitomo to buy Amlin for US$5.3bn
The Japanese company will pay a 36% premium to shareholders of the Lloyd's of London insurer.
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- September 4 2015
Principal Financial buys AXA’s HK pension unit for US$335m
The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.
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- September 4 2015
Tencent to set up China’s first Internet-based life insurer
The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.
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- September 3 2015
Anbang fails in bid to buy Portugal’s Novo Banco
The US$4.5bn bid has fallen through after month-long exclusive talks with Portugal's central bank.
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- August 31 2015
Chinese private equity firm buys Ageas HK unit
JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.
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- August 27 2015
Nippon Life buying smaller rival for US$3.4bn
Japan's second-biggest life insurer is set to acquire Mitsui Life Insurance as it seeks to regain its market position.
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- August 27 2015
Anbang reportedly buying Canadian office tower
The Chinese insurer is said to be conducting due diligence to acquire a 17-storey building in Toronto's financial district.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
