Subject: M&A Page 44 / 69
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- August 10 2018
Suncorp confirms sale of life insurance unit to Dai-ichi Life
Australia's second-biggest general insurer will generate US$540m from the sale to the Japanese group.
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- August 10 2018
Ping An eyeing Pru’s Asia business
The Chinese insurer has reportedly already sought its government’s initial approval on the matter.
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- August 8 2018
Starr acquires Aspen’s aviation business
The value of the aviation book is estimated to be in excess of US$50m in gross written premiums.
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- August 8 2018
Symbo buys ReLeague digital reinsurance platform
The Singapore-based insurtech has added reinsurance to its offerings in direct insurance.
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- August 3 2018
India’s cabinet approves IDBI-LIC stake deal
Life Insurance Corporation will buy a 51% controlling stake in the debt-laden IDBI Bank.
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- August 2 2018
M&A rises again in first half of 2018, led by Asia
Activity rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017.
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- July 26 2018
Fosun eyeing purchase of Belgian insurer Ageas
An offer for all or part of Belgian insurer is being proposed by the Guo Guangchang-backed group.
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- July 23 2018
Anbang to offload US$10bn in overseas property assets
It has been reported that sales of the properties such as New York’s Waldorf Astoria may start within a month.
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- July 20 2018
Indian merger in question
The timetable for the landmark merger of three state-owned Indian non-life insurers is in doubt.
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- July 18 2018
Anbang eyes sale of health insurance unit
Hexie Health Insurance could be the troubled company's next asset up for sale.
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- July 13 2018
Anbang eyes selling Belgian insurer Fidea
The troubled Chinese insurer is reportedly considering its first divestment in Europe.
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- July 13 2018
Anbang starts disposals
The Chinese government has begun the process of selling international assets, with Belgium’s Fidea reportedly up first.
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- July 6 2018
IDBI Bank no longer pursuing sale of stake in insurance JV
The proposed sale of its stake in IDBI-Federal Life has been torpedoed by LIC's investment in the bank.
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- July 4 2018
Israeli insurer Phoenix calls off deal with China’s Sirius
The cancellation of the deal came after the Chinese insurer failed to secure regulatory approval.
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- July 3 2018
AIA completes deal for CBA’s NZ life insurance business
The net cash outlay by AIA is expected to be less than US$500m after the reinsurance arrangement.
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- June 29 2018
Bank Rakyat Indonesia revives plan to sell life insurance stake
Indonesia's most profitable lender is reportedly reviving a plan to sell a minority stake in Asuransi BRI Life.
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- June 29 2018
India’s non-life insurers seek outside help for mega merger
National Insurance, Oriental Insurance and United India Insurance are looking for advice on their planned merger.
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- June 27 2018
Indian government defends LIC acquisition of IDBI
The state-owned insurer's move has been described as an acquisition, not a bailout.
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- June 27 2018
Generali raises stake in India JV
The Italian group is increasing its stake in Future Generali from 22.5% to 49% in a deal that could cost US$140m.
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- June 21 2018
Global insurance industry to see more partnerships, says KPMG
Slow growth and fierce competition is fuelling more acquisitions and partnerships in the global insurance sector.
