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M&A tag returned 248 results

  • Morocco: Wafa Assurance seals double acquisitions in Cameroon

    Wafa Assurance, the insurance arm of Moroccan lender Attijariwafa Bank SA, has acquired 65% of the voting rights in Pro Assur SA and secured a controlling interest representing 89.4% of the shares and voting rights of Pro Assur Vie.

    Middle East | 14 May 2019
  • Australia: Life insurance distributor transfers its policy administration business to reinsurer

    Freedom Insurance Group (FIG) has executed a transition agreement to transfer its policy administration business to Swiss Re Life & Health Australia for a net settlement consideration of A$5m ($3.5m), according to an Australian Securities Exchange (ASX) statement.

    Asia | 06 May 2019
  • Digital integration takes centre stage at 7th Aqaba Conference

    The rapid developments the world is witnessing call for agility within the sector and those who are capable of adopting and adjusting to these developments, especially when it comes to technological advances stand to survive, said chairman of Jordan Insurance Federation (JIF) Majed Smairat at the opening of the 7th Aqaba Conference in Jordan.

    Middle East | 17 Apr 2019
  • China: Anbang sells Belgian insurer as asset sales pick up

    Anbang Insurance Group, currently under government control, has sold Belgian insurer Fidea for EUR480m ($543m) to Swiss insurer Baloise Holding, according to a statement by the acquiring company.

    Asia | 17 Apr 2019
  • Japan: Sale of shares in postal insurer raises US$2.9bn

    Japan Post Holdings yesterday priced a share sale of its insurance business at the bottom of an expected range, a filing showed, raising $2.9bn from the sale, reported Reuters.

    Asia | 16 Apr 2019
  • Chinese (re)insurer completes deal

    After receiving local regulatory approval, China Re has completed the acquisition of a Chaucer-related company in Australia, SLE Holdings on 11 April 2019. Chaucer is part of The Hanover Insurance Group, a holding company for several property and casualty insurers.

    Latest News | 15 Apr 2019
  • UAE: Insurance M&As hampered by high asking prices by prospective sellers

    Mergers and acquisitions (M&As) will inevitably happen in the UAE's overcrowded insurance and takaful industry, but currently individuals holding large stakes in the companies are looking for high prices which are not attractive to prospective buyers, according to industry executives and analysts.

    Middle East | 15 Apr 2019
  • Japan: Holding co to sell stake in Post Insurance

    Japan Post Holdings has announced that it will sell up to 30% of its shares in subsidiary Japan Post Insurance by the end of this month.

    Asia | 09 Apr 2019
  • China: Anbang Group sells two asset management units in Korea

    Anbang Insurance Group has sold two non-bank subsidiaries in South Korea -- Tongyang Asset Management and ABL Asset Management -- to Woori Financial Group.

    Asia | 09 Apr 2019
  • India: State owned bank to divest shares in life insurer

    State owned Bank of India has announced that it will sell a 25.05% stake in its insurance joint venture Star Union Dai-ichi Life Insurance for at least INR11.06bn ($160m).

    Asia | 08 Apr 2019


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