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M&A tag returned 865 results

  • Singapore: Singlife becomes fully owned subsidiary of Sumitomo Life

    Leading homegrown financial services company, Singapore Life Holdings (Singlife) has become a fully owned subsidiary of Sumitomo Life Insurance Company.

    Asia | 19 Mar 2024
  • Egypt: GIG's stake in AIG Egypt exceeds 97%

    The Egyptian Exchange (EGX) has disclosed that the AIG Egypt Insurance shares offered in response to Gulf Insurance Group's (GIG) mandatory offer to purchase shares in the former numbered 32,608 shares or 58.1% of the total number of shares available for purchase.

    Middle East | 17 Mar 2024
  • Bahrain: Gulf Tamin buys stake of 13.85% in ARIG

    Gulf Tamin has acquired a stake of 13.85% in reinsurer Arab Insurance Group (ARIG), according to a statement filed by ARIG with Bahrain Bourse.

    Middle East | 14 Mar 2024
  • Malaysia: FWD Group becomes majority shareholder of FWD Takaful

    FWD Group Holdings (FWD Group) yesterday announced the completion of an additional investment of a further 21% stake in FWD Takaful.

    Middle East | 12 Mar 2024
  • UAE: Sukoon offers to buy remaining 6.95% of shares in Ascana

    Sukoon Insurance Company has announced that it has obtained the necessary approvals from the regulatory authorities to submit an offer to the remaining shareholders of Arabian Scandinavian Insurance Company - Takaful (ASCANA).

    Middle East | 11 Mar 2024
  • Sri Lanka: State-owned insurance units attract 5 bidders

    The tender for the sale of the segregated life and general insurance businesses of state-owned Sri Lanka Insurance Corporation (SLIC) has attracted five bidders, four of which are local investors.

    Asia | 11 Mar 2024
  • APAC: EY appoints new regional managing partner

    EY has appointed Mr Jonathan Zhao as regional managing partner of its Financial Services Organisation (FSO), effective 1 July 2024. He joined EY in 2000 and served as insurance sector leader in 2013. He has been FSO strategy and transactions leader since 2018.

    Asia | 11 Mar 2024
  • Climate change: Generali and UNDP cooperate to boost SME resilience

    Generali and the United Nations Development Programme (UNDP) have brought together representatives from the Malaysian Ministry of Finance, Bank Negara Malaysia, the SME Association of Malaysia and the insurance and financial communities to present concrete solutions on how to boost small and medium-sized enterprises' (SMEs) resilience against climate change and other risks.

    Asia | 08 Mar 2024
  • Uganda: Regulator urges insurers to consider M&As

    There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).

    Africa | 07 Mar 2024
  • Saudi Re earns gains of 5 times on initial investment in Probitas Holdings

    Saudi Re, the kingdom's locally-incorporated reinsurer, has announced an agreement with UK-headquartered insurance company Aviva Insurance to sell the former's entire 49.9% stake in Probitas Holdings (Bermuda) including subsidiaries, for a consideration of GBP120m ($152m) subject to final closing adjustments.

    Middle East | 07 Mar 2024


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