Subject: M&A Page 5 / 69
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- November 4 2024
Steadfast on track to complete US$200m in acquisitions in FY 2025
In its annual general meeting, the Australian broking group addressed allegations of opacity in its strata operations and leadership succession.
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- November 1 2024
QBE closes US$1.6bn LPT deal with RiverStone International and Enstar
The deal was effective July 1 this year and includes non-core long-tail reserves that were not subject to prior reinsurance transactions and a small number of other portfolios of various subsidiaries of the insurer, including Lloyd’s syndicates.
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- October 31 2024
AUB Group to focus on building out its UK retail capabilities in FY 2025
The Australian broking group has combined the Tysers retail arm with Movo and Momentum to form a new UK retail unit, which will be led by recently named chief executive Bob Pybus.
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- October 28 2024
Lockton expands in India with Arihant acquisition
The acquisition by the global broker that entered the Indian market earlier this year has received regulatory approval.
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- October 23 2024
Allianz opens talks with India’s Reliance to launch insurance JVs: report
While Jio has been looking to rope in a foreign partner for its insurance foray, as exclusively reported by IAN, the current talks follow the German insurer’s plans to exit its JVs with Bajaj Group.
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- October 23 2024
Ardonagh-backed Cornerstone Risk Group continues NSW expansion with Tony Barlow Insurance buy
This the Brisbane-headquartered broker's second acquisition in New South Wales this year.
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- October 22 2024
Allianz looks to exit decades-old India JV with Bajaj: report
It is eyeing an exit from life and general JVs because its Indian partner is not allowing the German insurer to raise its stakes at a discounted price.
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- October 17 2024
XL Reinsurance China renamed as Axa International Re
The name change is effective October 16 and follows all regulatory approvals including from the National Financial Regulatory Administration for its acquisition.
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- October 16 2024
Central Bank of India’s acquisition of stake in Generali JVs gets antitrust approval
The Competition Commission of India has cleared the state-owned lender's acquisition of 24.91% equity stake in Future Generali India and a 25.18% equity stake in Future Generali India Life.
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- October 15 2024
Specialist Risk Group makes Asia foray with Singapore acquisition
The Temasek and Warburg Pincus-backed UK intermediary has agreed to acquire broker HL Suntek.
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- October 15 2024
Allianz, NTUC Enterprise and Income to review government’s objections to the deal
Allianz said it will consider revisions to the proposed transaction structure, while the government clarified that it is open to future new proposals if its concerns are addressed.
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- October 14 2024
Singapore government rejects Allianz-Income deal
"The government has assessed the proposed transaction and has decided that it would not be in the public interest for the transaction, in its current form, to proceed," minister Edwin Tong told parliament today.
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- October 10 2024
Brown & Brown completes acquisition of Singaporean broker Acorn
First announced in January, the deal by the US group's European arm Bridge Specialty is the brokerage group's second in the region after it entered Hong Kong last year through the acquisition of Capstone Brokers.
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- October 3 2024
Optio Group acquires MGA Circles Group
The acquisition of the MGA that has offices in Hong Kong and Singapore is part of Optio's global expansion strategy.
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- October 2 2024
PSC shares delist from ASX as Ardonagh’s US$1.5bn takeover becomes effective
The completion of the takeover by the UK broking group now wraps up PSC Insurance's nine years of trading and quotation on the Australian Securities Exchange.
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- September 26 2024
India government may merge some state-owned general insurers: report
Over the last few years, the government has been considering several options for the firms such as mergers, listing, and strategic disinvestment.
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- September 26 2024
PSC shareholders approve Ardonagh’s US$1.5bn takeover
The broker merger in Australia is now pending final approval by the court, which is slated for October 1.
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- September 25 2024
Price Forbes ropes in Honan’s Thomas Russell to spearhead Singapore ANZ division
Russell has taken up the newly created role as director, head of Australia and New Zealand wholesale for Asia in a newly created position reporting to Phil Johnson, CEO for APAC.
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- September 23 2024
India’s Equirus Group acquires strategic stake in Raghnall Insurance Broking
Following the deal, the companies expect to place GWP of US$47.9m this year and US$119.7m by FY 2028.
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- September 19 2024
Australian, UK regulators greenlight Ardonagh’s takeover bid for PSC
The US$1.5bn scheme of arrangement to buy all the shares of the Australian broking group is now pending PSC's shareholders' and the court's approvals.
