Jeddah based Al Ahli Takaful says that its board of directors has resolved to enter into preliminary discussions with Chubb Arabia Cooperative Insurance to study the possibility of merging the two companies.
Dar Al Takaful has executed a conditional offer letter with Noor Investment Group and Noor Bank to acquire I 00% of the shares of both Noor Takaful General and Noor Takaful Family.
Singapore's Great Eastern Holdings and Assicurazioni Generali are among potential bidders for the life and general insurance businesses in Malaysia that AXA and Affin Bank own, reported Bloomberg quoting people familiar with the matter.
Asia Pacific saw the biggest upwards shift in terms of cross border deals in 2019, both inbound and outbound, according to global law firm Clyde & Co.
Munich Re is seeing growing demand for weather exposure protection from energy companies and their customers as they roll out more renewable energy installations, which are prone to fluctuations, reported Reuters.
First Takaful Insurance expects the proceeds from selling its 35% stake in a Turkish insurer to range from KWD11.5m ($37.7m) to KWD13.1m.
The Cabinet yesterday gave its in-principle approval to inject INR25bn ($351m) into three public sector general insurance companies.
News that French insurer Covéa is in talks with Exor for the purchase of reinsurer Partner Re potentially marks yet another convergence of the insurance and reinsurance markets.
Several financial holding companies in South Korea are expanding into non-banking sectors, such as insurance and securities.
Paris-headquartered Covéa, the French mutual insurance company that covers property, liability and reinsurance, is said to be in exclusive talks to buy Bermuda-headquartered Partner Re for around $9bn.