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M&A tag returned 194 results

  • Morocco: Acquisition of Saham Finances completed

    Sanlam, Africa's largest insurer by market value, said last week it had fulfilled all the conditions for the $1.1bn purchase of the shares it doesn't already own in Morocco's Saham Finances after regulators approved the deal, reports Bloomberg

    Middle East | 14 Oct 2018
  • Tunisia: Govt sells stakes in Islamic insurer and bank

    The Tunisian government has sold its share of the capital of Islamic insurance company Zitouna Takaful (70%) and Zitouna Bank (69.15%).

    Middle East | 07 Oct 2018
  • Indonesia - Zurich to acquire Adira Insurance

    Zurich is set to become the largest foreign general insurer in Indonesia after sealing an agreement to acquire 80% of Asuransi Adira Dinamika (Adira Insurance) - a top 10 general insurer in Indonesia - from Bank Danamon and a minority investor.

    AIRPlus | 03 Oct 2018
  • Hong Kong: Sale of insurance company cancelled

    Oversea-Chinese Banking Corp (OCBC) announced yesterday that a planned sale of Hong Kong Life Insurance to investment firm First Origin International had been called off after the buyer failed to meet certain conditions before the 30 September deadline.

    Asia | 02 Oct 2018
  • Indonesia: Zurich to become biggest foreign P&C insurer with acquisition

    Swiss global insurer Zurich Insurance Group has entered into agreements to acquire 80% of PT Asuransi Adira Dinamika (Adira Insurance), a top 10 property and casualty (P&C) insurer in Indonesia, from Bank Danamon Indonesia and a minority investor. With these, Zurich will become the largest foreign P&C insurer in Indonesia.

    Asia | 01 Oct 2018
  • Marsh & McLennan to buy JLT for US$5.6bn

    Marsh & McLennan Companies (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, yesterday announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group (JLT), a leading provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services.

    Asia | 19 Sep 2018
  • China Re expands overseas with purchase of Lloyd's unit for nearly US$1bn

    US-based The Hanover Insurance Group yesterday announced that it has entered into a definitive agreement to sell Chaucer, its Lloyd's-focused international specialty business, to China Reinsurance (Group) Corporation for $950m.

    China | 14 Sep 2018
  • China: Anbang Insurance picks adviser for sale of Dutch insurer

    China's Anbang Insurance Group has picked JPMorgan to manage the EUR1.4-1.8bn ($1.6-$2bn) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters.

    Asia | 07 Sep 2018
  • Iran: Govt looks at divesting part of wholly state owned insurer

    The newly-appointed head of the Central Insurance of Iran (CII) is exploring ways of divesting the shares of the sole 100% state-owned insurer, Iran Insurance Company (IIC).

    Middle East | 03 Sep 2018
  • Malaysia: HK insurer to enter takaful market through acquisition

    Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings' stake in a Malaysian insurance joint venture as part of a plan to expand its presence in Asia, reports Reuters citing three people familiar with the matter.

    Middle East | 29 Aug 2018

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