Subject: M&A Page 23 / 69
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- September 30 2021
India to list state-owned export credit insurer in 2022
New Delhi earmarks INR44bn cash injection over five years to increase ECGC's underwriting capacity.
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- September 30 2021
Asia’s insurers face fluid M&A landscape
A series of smaller deals may be more effective than pursuing a single transformative transaction.
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- September 29 2021
Evergrande’s 50% stake in life arm could fetch US$600m — report
Bloomberg analyst warns that over US$2bn is needed to improve Evergrande Life Assurance's solvency ratio beyond 200%.
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- September 20 2021
Australia’s brokers to continue MGA expansion
Steadfast, Howden and the AUB Group have been increasing their presence but face more regulatory scrutiny.
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- September 20 2021
Zurich mulls GI asset sale in Australia – report
Bloomberg says the disposal could raise a "few hundred million dollars" for the Swiss insurer.
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- September 7 2021
HDFC Life agrees US$915m deal to buy Exide Life
The acquirer says the two firms have a “complementary geographical presence".
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- September 3 2021
Aon ups stake, takes over Indian broking JV
The global player returned to India in December 2020 by teaming up with Anviti Insurance Brokers.
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- September 2 2021
Singapore broker g&m acquires Anda from Marsh
The P&C player says it will continue to seek out suitable acquisition opportunities.
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- August 26 2021
Insurance M&A in APAC falls 51% in H1 2021: Clyde & Co
While deal activity is up recently, APAC regulators can demand substantial capital increments as part of any transaction.
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- August 25 2021
PSC’s profits jump 22% in FY 2021
The Australian broking group says recent acquisitions and organic growth will drive FY 2022 results.
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- August 20 2021
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
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- August 20 2021
Asia P&C reinsurance rates rise as nat cats, pandemic bite
A combination of government initiatives, ILS, nat cats, cyber risk and FDI regulations are set to fuel the market.
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- August 18 2021
PSC acquires troubled AIBS’s broking portfolio for A$24.5m
Alliance Insurance Broking Services has been accused of mishandling client funds by Australia's securities regulator.
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- August 17 2021
Asia’s M&A boom runs across the value chain
Confidence has returned to the market with the region being seen as a safe long-term bet.
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- August 16 2021
Ping An P&C to maintain lead despite competition: Moody’s
The general insurer had a combined ratio of 99.1% in 2020 surpassing most of its domestic peers.
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- August 16 2021
HSBC Insurance purchases Axa Singapore for US$575m
The deal would make HSBC the Lion City's seventh largest life insurer.
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- August 16 2021
Steadfast buys Coverforce for A$411m as profit climbs 20%
A previous attempt to buy Coverforce by the AUB Group collapsed in December 2019.
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- August 16 2021
Nepal’s Himalayan General and Sagarmatha to merge: report
If the deal goes ahead it could create the country's largest insurance firm.
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- August 16 2021
Gallagher’s US$3.25bn Willis Re deal now includes China and Hong Kong, says CEO
The US broker will take on about 2,200 Willis Re reinsurance staff across the globe.
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- August 13 2021
Gallagher/Willis Re deal to offer weighty Asia footprint
The US-broker needs larger operations in reinsurance and the region to be a truly global broker.
