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M&A tag returned 167 results

  • Japanese non-life insurers still on the hunt for M&A despite recent overseas losses

    Japan's top three non-life groups (Sompo, Tokio Marine and MS&AD) will remain on the acquisition trail to offset sluggish domestic growth prospects, even as results for the financial year ended 2018 showed a slight deterioration in their average combined ratio to 95% due to overseas weather-related losses, said Fitch Ratings in a new report.

    AIRPlus | 13 Jun 2018
  • Sri Lanka: More M&A action predicted in insurance sector

    Further consolidation by way of mergers and acquisitions (M&As) is expected in Sri Lanka's insurance market, particularly in the general insurance segment, as the players continue to compete in a crowded market amid tougher operating conditions due to enhanced capital requirements, says Fitch Ratings.

    Asia | 07 Jun 2018
  • Healthy insurance M&A outlook for 2018 - EY

    The mergers and acquisitions (M&A) scene for insurance is set to remain vibrant for the next 12 months following a 'solid' first quarter of deal making in 2018, according to EY.

    AIRPlus | 31 May 2018
  • New Zealand: ANZ Bank sells life insurance operations

    ANZ Bank New Zealand yesterday announced it has agreed to sell OnePath Life NZ for NZ$700 million ($488 million) to Cigna Corporation, a specialist insurance business. The transaction represents a slight premium to embedded value.

    Asia | 31 May 2018
  • Morocco: Saham Finance says proposed deal with Sanlam is on normal course

    Saham Finance has denied media reports that there has been undue delay in completing its sale to South Africa's biggest insurer Sanlam that was announced on 8 March.

    Middle East | 27 May 2018
  • China: Aussie bank sells stake in Chinese life insurer

    Australia's largest bank, Commonwealth Bank of Australia (CBA), yesterday announced the sale of its 37.5% equity interest in BoComm Life Insurance to Japan's Mitsui Sumitomo Insurance (MSI) for CNY3.2 billion ($668 million).

    Asia | 24 May 2018
  • India: M&A deals brewing in insurance sector

    Several insurance M&A deals are currently being negotiated, involving names like Star Health & Allied Insurance, IDBI Federal Life Insurance, Royal Sundaram General Insurance, IndiaFirst Life Insurance and Policybazaar.

    Asia | 23 May 2018
  • 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


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