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M&A tag returned 160 results

  • India: Regulator wants state owned general insurers to inject more funds before merger

    The insurance regulator wants three state-run insurers to inject funds of INR100 billion ($1.47 billion), to boost their capital to meet solvency and growth targets before the insurers merge, reports BloombergQuint.

    Asia | 22 May 2018
  • The creation of a behemoth

    The Indian government's ambitious initiative to merge three of the four public sector general insurance companies in the market has gained steam. The merged entity, which is expected to be up and running by 31 March 2019 will control a third of the non-life insurance market and be listed on the Indian stock exchanges. The three companies National, United India and Oriental have a combined strength of 41,000 employees, 100,000 agents, 45m policyholders and 6,000 branches. We speak to Mr P C James, author and insurance expert on the benefits of the merger and what it holds for the future of the Indian non-life market.

    AIRPlus | 16 May 2018
  • India: Plea made for National Insurance's HQ to remain in Kolkata

    West Bengal Finance Minister Amit Mitra has written to the Union Finance Minister Arun Jaitley ,urging him not to shift the headquarters of state-owned National Insurance from Kolkata.

    Asia | 07 May 2018
  • Saudi Arabia: Insurers explore consolidation

    Walaa Insurance Cooperative and Al Sagr Cooperative Insurance have signed a Memorandum of Understanding to study the feasibility of a merger between the two.

    Middle East | 29 Apr 2018
  • India: Merger of state-owned insurers to shake up management layers

    Among the first casualties of a horizontal merger of three state-owned general insurers would be the elaborate layers of coordinating management.

    Asia | 27 Apr 2018
  • India: Govt wants 3 state-owned general insurers to merge by March 2019

    Finance Ministry officials are urging the management of three state-owned non-life insurance companies to hasten the process of merging the insurers. The government wants the merger to be completed by 31 March 2019.

    Asia | 26 Apr 2018
  • Turkey: Generali and Turkish Post joins forces

    Turkish Post and Telegraph Organization (PTT) and Italian insurer Generali will form an insurance company that will also offer individual pension plans.

    Middle East | 25 Apr 2018
  • Australia: IAG reportedly looking to sell 4 ASEAN units

    Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about US$500 million, under a review of its Asian operations, reports Reuters citing three people with knowledge of the matter.

    Asia | 23 Apr 2018
  • Indonesia: Formation of state-owned insurance holding company still in early stages

    The Ministry of State-Owned Enterprises is continuing to work on forming state-owned insurance holding companies. The goal is to enhance the companies' capability to raise capital and achieve greater operational efficiency.

    Asia | 23 Apr 2018
  • Taiwan: Financial holding group aims for 100% ownership of local insurer

    China Development Financial Holding Corp has unveiled its roadmap for the next three years, which includes raising its stake in Taipei-based China Life Insurance to 100%.

    Asia | 20 Apr 2018

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