Subject: M&A Page 12 / 69
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- September 14 2023
Steadfast acquires Riskcom and its subsidiary to expand risk management capabilities
Riskcom and BRM will retain their brands and continue to operate as standalone businesses.
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- September 8 2023
Howden snaps up Auckland-based IUNZ
Insurance Underwriters NZ operates as a financial advice provider for Apex Insurance, dealing with Tower Insurance products.
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- September 6 2023
Howden bulks up New Zealand operations with Apex Insurance buy
The deal bolsters the global broker's corporate and SME presence in the country alongside Wallace McLean and Howden Broking NZ.
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- September 6 2023
Ausure concludes two acquisitions in Australia
David Summers, Travis Hargreaves and Nathan Wicks manage Ausure group, which has over 330 authorised representatives.
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- August 30 2023
Exclusive: Reliance’s Jio Financial starts talks with global players for ambitious general insurance foray
India's biggest conglomerate will offer up to 50% stake in the insurer, for which it is already hiring senior executives, IAN understands.
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- August 29 2023
MG Non-life sale process resumed, sets October 5 deadline for letters of intent: report
The Korea Deposit Insurance Corporation has kicked off its second attempt to sell the beleaguered general insurer following the dismissal of a lawsuit by the largest shareholder.
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- August 21 2023
Marsh swoops on Australia’s Honan Insurance
The TA Associates-backed specialist broker has reportedly been valued at US$450m.
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- August 17 2023
Steadfast registers strong FY revenue, profit boost; eyes A$445m of M&A ‘opportunities’
The Australian group's broking arm saw 12.7% of organic growth as the division contributed A$891.6m of revenue, up 24.5% over FY 2022.
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- August 14 2023
Gallagher Australia acquires rural specialist Insurance Risk Solutions
The Darwin-based family business is the fourth acquisition by the global broker in Australia this year.
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- August 9 2023
PSC snaps up specialty MGA Ensurance for US$16.5m
The ASX-listed firm specialises in professional and financial lines with offices in Sydney, Melbourne, Adelaide and Perth.
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- August 8 2023
P&I player Hydor acquires EF Marine to create specialist MGA
The combined companies will control US$40m of GWP and operate from Singapore, Hong Kong, Shanghai, Oslo, Hamburg and Rotterdam.
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- August 8 2023
Australian loss adjuster ANA sells stake to vrs Vering
ANA Chartered Loss Adjusters will be rebranded as vrs ANA with managing director Jaye Kumar to oversee the newly established vrs Asia Pacific.
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- August 4 2023
Suncorp ‘surprised’ and ‘disappointed’ at ACCC bank sale rejection
The regulator said it is not satisfied that the proposed sale to ANZ is "not likely to substantially lessen competition".
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- July 27 2023
Pacific International acquires 5.82% stake in Tower for US$8m
The Australian carrier acquired 22 million shares in the Kiwi general insurer.
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- July 27 2023
Steadfast, PSC among bidders for TA Associates’ Honan exit: report
The Goldman Sachs-run broker sale collected non-binding indicative offers from trade players and buyout firms for a deal that could be valued up to US$400m.
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- July 27 2023
Hana and Shinhan join Kyobo, Woori in bid for MG Non-Life Insurance: report
State-run Korea Deposit Insurance Corp is keen to conclude a transaction at the earliest and may not fetch its earlier target price.
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- July 25 2023
Chubb joins Zurich in race to acquire stake in Indian carrier Kotak: report
Both insurers are in the fray for a 49-51% stake in the general insurer that is being valued under US$800m.
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- July 25 2023
Insurance Brands Australia acquires Melbourne Insurance Brokers
MIB, sold by Mark Perree, will start operating under Steadfast-owned Insurance House brand name.
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- July 24 2023
ACCC delays Suncorp bank sale decision again
The decision by the regulator about the proposed ANZ takeover will now take place a week later on August 4.
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- July 20 2023
Reliance General to receive US$24m equity infusion in group takeover: report
The capital infusion is crucial for the general insurer to increase its solvency margin to 175% from 155%.
