Subject: M&A Page 65 / 69
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- September 4 2015
Principal Financial buys AXA’s HK pension unit for US$335m
The US investment manager has paid about US$335m, increasing its AUM to US$6bn in Hong Kong.
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- September 4 2015
Tencent to set up China’s first Internet-based life insurer
The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.
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- September 3 2015
Anbang fails in bid to buy Portugal’s Novo Banco
The US$4.5bn bid has fallen through after month-long exclusive talks with Portugal's central bank.
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- August 31 2015
Chinese private equity firm buys Ageas HK unit
JD Capital has struck a deal to buy Ageas’s Hong Kong life insurance unit for HK$10.7bn.
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- August 27 2015
Nippon Life buying smaller rival for US$3.4bn
Japan's second-biggest life insurer is set to acquire Mitsui Life Insurance as it seeks to regain its market position.
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- August 27 2015
Anbang reportedly buying Canadian office tower
The Chinese insurer is said to be conducting due diligence to acquire a 17-storey building in Toronto's financial district.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 17 2015
Anbang Insurance leads race to buy Novo Banco
Anbang's US$4.45bn bid to acquire Portugal's Novo Banco is likely to be selected by the Bank of Portugal.
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- August 14 2015
Japan’s growth dilemma continues to drive M&A
Japanese insurers are paying top dollar for US acquisitions, but these deals may be vindicated in the long run.
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- August 14 2015
Willis acquires Taiwan’s Elite Risk Services
Willis has paid an undisclosed sum for the Taiwanese specialist broker, doubling its presence in the country.
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- August 13 2015
Sumitomo to buy Symetra for US$3.8bn
Sumitomo Life has agreed to pay US$3.8bn to buy Berkshire Hathaway-backed Symetra Financial.
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- August 13 2015
Asia boosts Pru’s profit in first half
The British life insurer is sticking to its strategy in Asia after the region helped to boost first-half profits.
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- August 13 2015
Anbang offers US$1bn for Japan’s Simplex
The acquisitive Chinese insurer is seeking to enter Japan's real estate market through an auction.
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- August 11 2015
Sumitomo in M&A talks with Symetra Financial
Japan's fourth-largest insurer is reportedly in talks with Symetra Financial as it seeks to expand overseas.
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- August 7 2015
AIG to focus on consolidating Japan business
Integration of Japan's Fuji Fire & Marine still a work in progress, according to CEO Peter Hancock.
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- July 31 2015
Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko
Japanese insurer purchases minority stake in one of Sri Lanka's oldest and largest business conglomerates.
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- July 30 2015
Zurich confirms interest in RSA Insurance
Swiss insurer evaluating a potential offer but stresses no assurances that any offer will be made.
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- July 29 2015
China Minsheng to buy Sirius for US$2.2bn
Acquisition of Sirius seen to give support to CMI's efforts to expand in the Bermuda reinsurance sector.
