Subject: M&A Page 15 / 69
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- April 18 2023
ACCC extends Suncorp bank sale review period
Acquirer ANZ has agreed to an extension of the regulatory assessment period from June 12 to July 28.
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- April 10 2023
Nexus completes majority buyout of Spectrum Risk
Spectrum's presence within the MENA and Asia Pacific market fits with Nexus Underwriting's wider portfolio.
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- April 5 2023
Australian antitrust regulator questions benefits of Suncorp’s bank divestment
The company said the bank sale to ANZ will allow it to "improve its processes as well as enhances the capacity to attract capital" to support its insurance business.
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- April 3 2023
AUB and PSC postpone Tysers UK retail JV launch to May 1
The Australian brokers told the stock exchange that the start date has been delayed by a month as the deal finalisation continues.
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- March 22 2023
Envest Group acquires Wellington Underwriting
The specialty liability underwriting agency currently places more than US$20m in gross written premiums.
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- March 20 2023
Zurich prioritises India as it charts out APAC expansion
The Swiss insurer's M&A strategy in Asia is less about "planting flags" and is focused on driving profitable growth, says regional M&A head.
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- March 16 2023
Honan snaps up New Zealand’s Certus Insurance Brokers
Certus has 15 employees operating across offices in central and regional Auckland and is part of the NZbrokers network.
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- March 15 2023
India’s Bandhan Group eyes deal for general insurance foray: report
The financial services group had recently met IRDAI officials as part of its insurance foray.
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- March 14 2023
PSC Insurance acquires two UK businesses for US$15m
The acquisitions of a MGA and a retail broker are expected to add up to US$4.7m to PSC's top-line.
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- March 13 2023
Seoul Credit Insurance to kick off pre-IPO roadshows in Hong Kong, Singapore
The Korea Deposit Insurance Corporation-owned insurer has reported a profit of US$433m in FY 2022.
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- March 9 2023
Delta Insurance New Zealand and Delta Property to merge
Delta Property MD Andrew Beaton is set to become CEO of Delta Insurance New Zealand under the new structure.
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- March 3 2023
Saga calls off Acromas sale talks with Australia’s Open
The Sydney-based digital insurer was reportedly leading the race for the UK insurance group's personal lines underwriting arm.
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- March 3 2023
Lexasure plans regional (re)insurance expansion after US$250m SPAC deal
The group, which owns broker Acurra International, Front Street Re and the Archipelago Group, is expected to start trading on Nasdaq later this year.
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- March 1 2023
BMS acquires Sydney broker Armstrong Nisbet
Armstrong Nisbet Insurance Brokers is a construction and engineering specialist that has insured iconic projects such as the Sydney Opera House.
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- February 28 2023
DB Insurance acquires Vietnam National Aviation Insurance
The Korean carrier, in its second Vietnamese acquisition, has picked up a 75% stake in the Hanoi-based P&C insurer.
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- February 24 2023
Steadfast-owned Insurance Brands Australia acquires Melbourne broker
The target, Southern Cross Brokers, has merged with the IBA-owned Insurance House team.
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- February 10 2023
Australia’s Open in exclusive talks to acquire Saga underwriting unit
Gibraltar-based Acromas is a personal lines underwriter for Saga and AA Insurance.
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- February 9 2023
French consortium to acquire CCR Re majority interest
New owners will infuse US$215m in fresh capital into the reinsurer, which derives around 25% of its premium income from Asia.
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- February 7 2023
Gallagher continues deal spree with Melbourne broker buy
Professional Insurance Solutions, led by John Whiteside, was set up in 2008 and is focused on SME clients.
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- February 7 2023
BYD acquires online insurer for US$530m: report
The deal was done on January 31 with the EV maker agreeing to acquire 100% equity of the carrier, which had entered bankruptcy last year.
