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M&A tag returned 181 results

  • What's driving Ping An to look into acquisition of Prudential's Asian ops--Opinion

    Ping An Insurance eyeing the Asian operations of UK giant Prudential shows that the Chinese insurance mammoth may feel it has no choice. China, for all its size, may not be such a great insurance market after all, say Bloomberg Opinion columnists Ms Nisha Gopalan and Ms Shuli Ren.

    China | 10 Aug 2018
  • Australia: Life major TAL enters deal to acquire Suncorp Life

    TAL Dai-ichi Life Australia, a leading Australian life insurance specialist, yesterday announced that it has entered into a Heads of Agreement to acquire Suncorp's Australian life insurance business for a cash consideration of approximately A$640m ($473m) plus adjusted net worth on completion.

    Asia | 10 Aug 2018
  • India: Merger of 3 state-owned general insurers postponed till late 2019

    The much publicised proposed merger of three state-owned general insurance companies is likely to be pushed to the next financial year beginning on 1 April 2019 (FY2020).

    Asia | 10 Aug 2018
  • Bahrain: Insurer awaits regulator's OK to merge with takaful subidiary

    Bahrain Kuwait Insurance Company (BKIC) is considering merging its branches and some supportive services with its subsidiary Takaful International, the chairman of BKIC has said.

    Middle East | 06 Aug 2018
  • China: Fosun considers takeover of US$10bn Belgian insurer

    Shanghai headquartered international conglomerate and investment company Fosun International is considering an offer for all or part of Belgian insurer Ageas in what could be its boldest move to expand its international footprint, reports Bloomberg citing people familiar with the matter.

    Asia | 27 Jul 2018
  • Saudi Arabia: Foreign participation in insurance arena to grow under new solvency framework

    Saudi Arabia's new solvency framework, introduced this year, is expected to promote greater foreign participation in the insurance sector as the Saudi Arabian Monetary Authority appears to be actively encouraging foreign investment, says Fitch Ratings in a new report "Saudi Arabian Insurance Dashboard 2018".

    Middle East | 26 Jul 2018
  • China: E-commerce giant gets green light to take stake in Allianz China

    The China unit of global insurance giant Allianz SE has received regulatory approval to double its registered capital with e-commerce giant JD.com as the leading investor in a fresh round of fundraising, reports Reuters.

    Asia | 26 Jul 2018
  • Australia: Ensurance sells retail brokerage arm

    Ensurance, which is listed on the Australian Securities Exchange, has entered into a share sale agreement with former directors Stefan Hicks and Brett Graves (and their controlled entities) to dispose of the company's Australian retail brokerage business.

    Asia | 26 Jul 2018
  • Asia sees rising demand for M&A insurance cover

    In times of economic uncertainty, it is common for buyers to seek greater financial protection. For M&A deals outside of the US, the average limit of insurance (as a percentage of the enterprise value (EV)) rose by 16% in 2016 compared to the previous year, said JLT Specialty in its 2017 Global M&A Insurance Index.

    AIRPlus | 19 Jul 2018
  • Market conducive for M&A say insurers

    Nearly 70% of (re)insurance executives polled by Asia Insurance Review believe that conditions are favourable for mergers and acquisitions within the insurance sector.

    AIRPlus | 18 Jul 2018

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