Subject: M&A Page 8 / 69
-
- May 21 2024
Temasek, Warburg Pincus team up to acquire broker Specialist Risk Group
The deal is reportedly aimed at helping the London broker to expand internationally, including in Asia.
-
- May 21 2024
Gallagher adds Dean Mahoney as senior account executive with acquisition of niche Perth broker
Mahoney-founded PSC McKenna Hampton South Perth in Western Australia has merged with the global broker effective May 2024.
-
- May 16 2024
Swiss Re to exit unprofitable digital white-label platform iptiQ
The reinsurer's Asia premiums grew 5% to US$3.5bn year-to-date from renewals; books US$100m losses from Baltimore Bridge collapse.
-
- May 13 2024
Reliance General Insurance owner’s acquisition approved by regulator: report
IRDAI has approved the Hinduja Group‘s acquisition of Reliance Capital's 3 insurance units before the May 27 deadline but under conditions on share transfers and encumbering.
-
- May 10 2024
Great Eastern owner OCBC makes US$1bn take-private offer
The offer for the outstanding 11.56% values the Singaporean insurer at US$8.9bn, which represents a 37% premium over the insurers last traded price.
-
- May 8 2024
Ardonagh to acquire Australian broker PSC Insurance for US$1.5bn
The broker will be merged into Ardonagh-owned Envest and its CEO Greg Mullins will oversee the combined operations for Australia and New Zealand.
-
- May 2 2024
IRDAI’s set to approve Hinduja‘s acquisition of Reliance Capital’s insurance units: report
The regulator's approval is key to the conclusion of Reliance Capital's ongoing bankruptcy proceedings within the time-frame prescribed by a local tribunal.
-
- April 29 2024
Indonesian broker Axle Asia rebrands as bolttech
The rebrand and renaming are expected to boost bolttech's solutions in the largest economy in South-East Asia.
-
- April 25 2024
Woori Finance enters race for Korea’s Lotte Insurance: report
The non-life carrier's private equity owner JKL Partners is looking to sell 77% stake in the company for a targeted US$1.45bn.
-
- April 23 2024
Gallagher acquires trade credit broker Prasidium in Australia
Directors Mark Smith, Stuart Prendergast, Mark Browning, Paul Daniele and their team will join Gallagher offices across Australia.
-
- April 18 2024
Exit-bound Lotte Insurance owner shopping for overseas private equity buyers: report
South Korea’s JKL Partners is reportedly in talks with JC Flowers to sell the Korean non-life carrier in a sale process run by JPMorgan.ts valuation.
-
- April 18 2024
CFC acquires Australia’s Solution Underwriting to grow cyber offering
The specialty insurer will expand their presence in the country to five offices and nearly 100 underwriting, claims and incident response staffers.
-
- April 8 2024
South Africa’s Sanlam raises stake in Indian insurance JVs to over 50%
Following the deal, Sanlam's areholding in Shriram General Insurance will increast to 50.99% and in Shriram Life Insurance to 54.40%.
-
- April 4 2024
Suncorp exits New Zealand life arm for US$244m to focus on P&C business
Resolution Life will acquire the Australian insurer-owned Asteron Life and the deal is expected to be completed in nine months.
-
- April 4 2024
Axa’s Bermudan unit completes acquisition of XL Re China
The reinsurer will renamed and operate as a member of the French insurance group, focusing on developing products for the Chinese market.
-
- April 3 2024
Aon completes acquisition of Global Insurance Brokers in India
GIB is now wholly owned by the global broker and will formally rebrand and intergrate with the group following the finalisation of the deal later this year.
-
- March 22 2024
Buyers closing in on PSC, but sluggish UK arm makes for a tricky deal: sources
A deal could be announced in a matter of days with Marsh, Ardonagh and Gallagher rumoured to be leading the race.
-
- March 21 2024
Tokio Marine eyes overseas acquisitions with US$10bn war chest: report
The insurer has aspirations to grow its business in the commercial insurance sector in North America, Asia, Europe, Australia as well as the Lloyd's market, co-head of international business Chris Williams told Reuters.
-
- March 14 2024
Honan COO Laurence Basell to lead strategy for Marsh Australia and New Zealand
Melbourne-based Basell started in his role earlier this month following the completion of the Australian intermediary’s merger with Marsh.
-
- March 13 2024
PSC Insurance confirms buyout talks with strategic partners
The company has mandated Goldman Sachs for the sale and has held informal discussions with Gallagher and Ardonagh Group, according to an Australian Financial Review report.
