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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.
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- February 5 2025
IAG, Allianz said to be in the race for RAC Insurance: report
The Royal Automobile Club of Western Australia had hired boutique advisory firm Barrenjoey to conduct a strategic review including for its insurance arm.
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- February 5 2025
‘We are the captain of this ship’: Bajaj-Allianz edges closer to split
Chairman and managing director Sanjiv Bajaj expresses the need for 'greater control' in an interview with Bloomberg TV.
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- February 4 2025
Samsung Fire & Marine may become subsidiary of group’s life arm: report
Samsung Life's shareholding may cross the 15% threshold following the P&C insurer's proposed share buyback plan, according to a report in Korean business paper Chosun.
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- February 4 2025
Australian antitrust regulator to probe IAG-RACQ and Allianz-RAAI deals
ACCC, the competition watchdog, will assess whether the acquisitions will substantially lessen competition in the market.
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- February 3 2025
Suncorp finalises US$231m Asteron Life sale, strengthening focus on P&C
The carrier's general insurance business in New Zealand remains unchanged.
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- January 31 2025
Steadfast-owned brands Network Insurance Group and Insurance House merge
Andrew Broughton, current chief executive officer of Network Insurance Group, will assume the leadership of the combined entity.
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- January 17 2025
Liquidation on the cards as MG Non-Life sale hits union roadblock
Korea Deposit Insurance Corporation says preferred bidder Meritz Fire & Marine has been unable to conduct due diligence due to labour union opposition.
