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M&A tag returned 283 results

  • India: EY recommends three insurers to merge within 18 months

    EY has advised state-run National Insurance, United India Insurance and Oriental Insurance to merge within 18 months, reported Indian publication Business Standard.

    Asia | 21 Aug 2019
  • Broker selects New Zealand head of M&A and transaction solutions

    Aon has appointed Mr Jonty Vavasour as executive director of M&A and transaction solutions in New Zealand who will be responsible for further building its M&A and transaction liability offering in the country. He joins the broker's dedicated team of over 200 M&A and transaction solutions specialists in 22 major financial centres globally. Based in Aon's Auckland office, he started his new role on 12 August.

    Asia | 13 Aug 2019
  • Australia: AMP settles for new deal to sell life insurance operations

    Wealth management giant AMP has revised the terms of the sale of its life insurance business to British insurer Resolution Life, after it announced last month that a deal to sell the operations was being blocked by the Reserve Bank of New Zealand unless assets underpinning the policies of New Zealand residents were given ring fenced.

    Asia | 12 Aug 2019
  • Egypt: Proposed new insurance law bars mergers between takaful and conventional insurers

    Egypt's proposed new insurance law, unveiled by the Financial Regulatory Authority (FRA) prohibits the merger of a takaful insurance company with a conventional insurance company.

    Middle East | 06 Aug 2019
  • Swiss Re subsidiary set to acquire closed book business

    Swiss Re's subsidiary ReAssure Group has agreed to acquire UK-based closed book business of Quilter, consisting of Old Mutual Wealth Life Assurance and its subsidiary Old Mutual Wealth Pensions Trustees, including about 300 employees. The total consideration of the transaction is GBP425m ($514m) with the acquisition adding over 200,000 customer policies and GBP12bn of assets to ReAssure's platform.

    Asia | 05 Aug 2019
  • Asia: Aviva reviewing sale of operations in the region

    British life and general insurer Aviva is looking to sell its Asia business, valuing the unit at more than $2bn, two sources familiar with the matter told Reuters.

    Asia | 05 Aug 2019
  • Increased number of M&A leads to rise in transaction insurance

    According a study conducted by Aon and Mergermarket, the deal environment in Asia-Pacific is becoming more fully integrated with western markets. With 4,569 M&A deals announced in Asia in 2018 and with targets mostly in Asia, Australia and New Zealand, the growth in transaction volume and cross-border deals continues its steady pace.

    AIRPlus | 05 Aug 2019
  • Acquisition helps broker boost presence in M&A solutions

    Willis Towers Watson (WTW) has acquired Risk Capital Advisors (RCA), a move said to augment the (re)insurance broker offering in the mergers and acquisitions (M&A) market. The acquisition is effective immediately and RCA will now become a fully integrated part of WTW's FINEX global line of business.

    Asia | 01 Aug 2019
  • Ethiopia: Law changes propose letting foreigners of Ethiopian origin engage in insurance

    The Ethiopian Council of Ministers on Saturday passed two draft Bills last Saturday that, among other things, envisage allowing foreign nationals of Ethiopian origin to engage in the financial sector.

    Africa | 29 Jul 2019
  • South Africa: Momentum Metropolitan to become significant short-term insurance player

    Momentum Metropolitan Holdings has entered into an agreement to acquire the Alexander Forbes Short-term Insurance business (AFI), making the group a significant player in the short-term insurance market. The acquisition price is around ZAR1.94bn ($136m).

    Africa | 29 Jul 2019

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