Subject: M&A Page 2 / 69
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- March 19 2025
Allianz mulls alliance with India’s Jio after Bajaj sale: report
Formal announcement expected only after regulatory approvals, according to The Economic Times.
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- March 18 2025
Allianz ‘will explore new opportunities’ in India as it exits JVs with Bajaj for US$2.8bn
German insurer will sell its 26% stake in Indian non-life and life insurance JVs to Bajaj Group.
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- March 17 2025
Seoul Guarantee shares rally 23% on Kospi debut
Insurer also confirms a 2024 year-end dividend of US$138m for investors holding shares through April.
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- March 14 2025
India’s Patanjali, DS Group to acquire Magma General Insurance for US$517m
Magma, which operates motor, health, property and other commercial lines, reported a GWP of US$379m in FY2024.
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- March 13 2025
Meritz Fire & Marine withdraws offer to buy troubled MG Non-Life
South Korean insurer could face liquidation as the Korea Deposit Insurance Corporation (KDIC) evaluates its options.
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- March 12 2025
APAC M&A activity down 25% in 2024, weighed down by geopolitics: Clyde & Co
Clyde & Co’s annual insurance growth report says established players preferred to pursue organic investment programs in areas including data analytics.
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- March 11 2025
Gallagher expands in Philippines with Philinsure acquisition
Global broker increases minority stake in the Philippines-based broker it has held since 2016.
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- March 10 2025
KDIC recovers US$125m in public funds from Seoul Guarantee IPO
The state-owned Korean Deposit Insurance Corporation sold 10% (6,982,160 shares) of its total issued shares (93.85%) through the listing of Seoul Guarantee, and is expected to sell the remaining equity to recover an additional US$3.4bn.
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- March 4 2025
Gallagher acquires New Zealand’s RMA General
Terms of the transaction were not disclosed, Gallagher said in a press release.
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- March 3 2025
Australian MGA Solution Underwriting rebrands as CFC
London-headquartered specialty MGA plans to launch services in liability and tech, media and intellectual property over the coming months following its acquisition of the Australian specialist in April.
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- March 3 2025
Aon completes acquisition of Mitsubishi Chemical’s in-house agency business in Japan
Aon will provide corporate and personal lines insurance to MCG companies and its employees in Japan.
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- March 3 2025
Chubb to buy Liberty Mutual’s P&C arms in Thailand, Vietnam
Two Liberty insurance businesses produced approximately US$275m in net premiums written in 2024.
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- February 26 2025
Howden strengthens Western Australia presence with Major acquisition
Major Insurance Services will play an integral part in the broker's regional business, and will continue to operate from its Bunbury office.
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- February 25 2025
Steadfast’s H1 FY25 revenue grows 11.5% to US$561m
Australian broking and underwriting group is on target to complete US$191m of trapped capital acquisitions in FY25.
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- February 23 2025
AUB Group enters into equity partnership with New Zealand’s OFS Insurance Brokers
'Strategic acquisition aligns with AUB’s commitment to expanding its footprint in New Zealand', AUB said in a LinkedIn update.
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- February 21 2025
Samsung Fire & Marine’s expects ‘no impact’ on profits, capital after rejig: report
Samsung Life is seeking to make the South Korean non-life insurer its subsidiary and clarified that it has no plans to expand its holdings.
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- February 14 2025
Samsung Life seeks regulatory nod to incorporate group P&C arm as subsidiary: reports
Insurer approaches Financial Services Commission over a potential incorporation of Samsung Fire & Marine Insurance, according to the Korea JoongAng Daily.
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- February 13 2025
Hanwha denies reports of selling Carrot Insurance stake amid financial strains
Korean insurtech startup has been posting losses every year since its establishment in 2019.
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- February 13 2025
MG Non-Life sale: KDIC files injunction plea against union
Troubled insurer’s labour union has been disrupting the due diligence process by prospective buyer Meritz Fire & Marine.
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- February 10 2025
MG Non-Life owner to move court as talks with union break down: report
Korea Deposit Insurance Corporation's sale of the insurer to Meritz Fire & Marine has been stuck over the labour union's opposition.
