Mitsui Sumitomo to buy Singapore’s First Capital
August 25 2017 by InsuranceAsia News Staff-
Hiscox sells DirectAsia to Roojai parent Ignite Thailand
- September 27
DirectAsia is primarily a motor insurer in Singapore and Thailand and had gross written premiums of US$52.5m in 2022.
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MG Insurance majority owner files fresh lawsuit to stop sale: report
- September 27
Korea Deposit Insurance Corporation had hired Samjeong KPMG to run the sale of the troubled carrier and had set an October 5 deadline for bids.
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Suncorp expects December tribunal hearing on blocked ANZ bank sale with decision in February
- September 26
Pending all approvals including from the Australian Competition Tribunal, the group sees a potential sale completion in the middle of 2024, chairman Christine McLoughlin says.
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Lotte Insurance’s private equity owner to kick off sale process: report
- September 26
Majority owner JKL Partners has scripted a turnaround for the carrier since a 2019 purchase, but buyers have concerns over whether the robust earnings of carriers under IFRS17 are sustainable.
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