MS&AD to spend US$401m for stake in Challenger

August 16 2017 by InsuranceAsia News Staff

Japan’s MS&AD Insurance Group is set to shell out ¥44 billion (US$401 million) to buy about a 6%-plus interest in leading Australian superannuation industry player Challenger.

Based in Sydney, ...

Get full access

To view the full article and get unlimited access to InsuranceAsia News's exclusive insight across 5,000+ articles

Subscribe Now

Take a Free Trial

Already a Subscriber? Please Login

MORE FROM: Asset Management

China’s property crisis weighs on (re)insurers
- August 12
Amid a slow growth environment, losses on corporate bond portfolios raises questions about the wider threat to market.
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
- August 8
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
China Re estimates H1 profit to slide 40-50%
- August 5
The reinsurer attributed the drop largely to a decline in investment income.
Malayan Insurance COR hampered by fire and cat losses: AM Best
- August 1
The company reported a five-year average combined ratio of 101.4%.

Partner Content

Sedgwick: The impact of the pandemic on handling of MCL insurance claims

A longer claims process and increased cost were some of the challenges faced by insurers.
Guy Carpenter: 2022 Western North Pacific Basin Tropical Cyclone Predictions

Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.

Join the mailing list Receive our regular newsletter, a round-up of the latest news and insights direct to your inbox, and designed to help you stay ahead.

Partner Video