Subject: M&A Page 46 / 69
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- April 23 2018
Talanx to up stake in PetroVietnam Insurance
A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.
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- April 20 2018
Malaysia first
Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.
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- April 20 2018
Fosun and Gonbao reopen bids for Greece’s national insurer
The deal to buy a major stake in Ethniki Hellenic General Insurance is reportedly valued at US$900m.
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- April 18 2018
JD.com to buy one-third of Allianz China General Insurance
The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.
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- April 16 2018
Anbang seeks advice on potential divestments
The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.
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- April 13 2018
Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails
The Taiwanese financial group did not give details on why the deal fell through, but said it wasn't about price.
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- April 11 2018
Asian insurtech M&A surges
The transaction volume of insurtech M&A in Asia hit US$460 million in 2017, more than three times that of 2016.
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- April 10 2018
Indian mortgage lender HDFC to acquire Apollo Munich
India's largest mortgage lender is reportedly in advanced negotiations to pay around US$150m for the joint venture.
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- April 9 2018
India’s public-sector merger put off to next year
The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.
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- April 6 2018
US broker Alliant targets Asia expansion
The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.
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- April 6 2018
Swiss Re confirms talks with SoftBank over possible stake sale
It is eyeing a strategic cooperation and a minority investment that is not expected to exceed 10%.
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- April 1 2018
CBA eyes sale of Indonesian life insurance business
Commonwealth Life could be valued at up to US$250 million as the Aussie bank bids to free up capital.
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- March 29 2018
Asia insurance M&A bouncing back
The total value of Asian insurance M&A rose from US$9.2bn in 2016 to US$13bn last year.
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- March 29 2018
Three state-owned Indian insurers undergo merger review
National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.
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- March 28 2018
Goldman Sachs eyes Indian insurance acquisition
The Wall Street bank's private equity unit is reportedly in talks to buy a minority stake in Royal Sundaram.
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- March 26 2018
Fosun advances plan to buy Greek insurer
The Chinese group has formally expressed interest in buying Greece’s leading insurance firm, Ethniki.
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- March 9 2018
Prudential’s Malaysian unit eyes stake sale
The sale of a 30% stake to Kumpulan Wang Persaraan could generate proceeds of about US$435m.
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- March 9 2018
Asian insurance M&A collapsed in 2017
The number of deals fell 42% thanks to foreign currency restrictions and regulatory uncertainty in China.
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- March 6 2018
Axa to acquire XL Group for US$15bn
The French insurer is seizing an opportunity to shift from its predominantly life and savings business.
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- March 5 2018
Nippon Life eyes majority stake in MassMutual for US$980m
The 85% stake will add a bigger branch network to the Japanese insurer's traditional female agency force.
