Subject: M&A Page 10 / 69
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- January 29 2024
Howden plans to make ‘a big and permanent splash’ in APAC: M&A chief
Armed with a billion-pound war chest, the broker is working on a ‘forever strategy’ to build a truly global alternative to the big three, says global head of M&A Peter Blanc.
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- January 25 2024
AUB Group bolsters M&A war chest with US$560m debt deal
The refinancing and new loan give US$171m of available liquidity to the Australian broker providing financial flexibility ‘to capitalise on organic and inorganic growth’.
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- January 18 2024
Tokio Marine fully exits Saudi Arabian business
Tokio Marine & Nichido Fire Insurance has agreed to sell its remaining stake of Arabian Shield Cooperative Insurance to Alinma Bank.
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- January 17 2024
Brown & Brown expands in Asia with acquisition of Singaporean broker Acorn
The deal by the US group's European arm, Bridge Specialty, is its second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- January 16 2024
Tower exits Vanuatu business with sale to Capital Insurance Group
The deal is part of the Kiwi carrier's streamlining plans that saw the sale of its Papua New Guinea and Solomon Islands business in the last fiscal year.
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- January 15 2024
Thailand’s Roojai acquires Indonesian online broker Lifepal
Following the deal, the two companies will jointly expand their product offerings, and online and offline distribution.
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- January 10 2024
Generali takes 100% ownership of China P&C JV
The global insurer has bought out the 51% stake owned by CNPC Capital in Generali China Insurance for US$108m through a public auction.
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- January 2 2024
No letting up for Australian broker consolidation
Global players' expansion plans, the growing regulatory burden on smaller firms and the increased sophistication of clients have created a market where buyer’s and seller’s motivations align.
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- January 2 2024
Howden hires regional M&A director based in Hong Kong
With the appointment of Wong Hui Ling, the global broker aims to bolster its M&A capabilities.
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- December 12 2023
GIC takes majority ownership in Miller with Cinven buyout
The Singaporean sovereign wealth fund has increased its stake since its acquisition in 2021 and provided an exit to the PE investor.
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- December 8 2023
Howden names Wallace McLean’s Nigel Wallace as New Zealand CEO as brokers complete merger
The broker's current CEO René Hattingh will become head of technical delivery, initially concentrating on servicing clients in the scheme and affinity space and reporting directly to Wallace.
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- December 7 2023
Oona buys out InLife stake in Filipino general insurance JV
The Warburg Pincus investment vehicle will acquire the outstanding 40% stake in the non-life business that it had bought from Mapfre last year.
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- December 7 2023
Singapore, Hong Kong set to see wave of insurance M&A in 2024
A Clearwater Analytics survey of insurers and insurance asset managers in the region noted that PE firms have taken an increasingly positive view on the acquisition potential of carriers in the two cities.
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- December 5 2023
Rising premium will boost Japan non-life insurers’ results: Fitch
The rating agency maintained a neutral outlook as carriers’ profitability remained resilient despite net insured losses from domestic nat cats stayed high in H1 FY 2023.
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- December 1 2023
Honan’s Fluitsma joins Marsh as brokers complete merger
Andrew Fluitsma will take charge as Marsh’s Pacific head of corporate and commercial.
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- November 28 2023
Vietnam’s relaxed foreign investment rules could bolster M&A: AM Best
AM Best maintains stable outlook on the South-East Asian country's non-life insurance sector, but challenges remain due to slowing economic growth.
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- November 17 2023
Malaysia’s MAA Group to sell 85% stake in Filipino subsidiary
The group will sell its share in MAA General Assurance Philippines to Triple P Philippines for US$49.3m with an option to sell the remaining 15% stake for US$8.7m within 14 months.
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- November 16 2023
Steadfast buys 70% stake in Australian MGA Sure
The acquisition will include a US$96.3m upfront cash payment and potential earn-out payments through FY 2025.
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- November 16 2023
Howden acquires Australian bloodstock specialist HQ Insurance
The Sydney-based broker offers equine industry solutions predominantly in bloodstock, covering foals, weanlings, yearlings, broodmares, racehorses and stallions.
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- November 16 2023
Envest secures ‘substantial investment’ from a 15% stake sale to Macquarie
The transaction values the Ardonagh-owned insurance investment and distribution group at more than US$646m.
