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M&A tag returned 272 results

  • New Zealand: RBNZ's ringfencing requirement sinks planned sale of AMP Life

    Wealth management company AMP yesterday advised that the proposed sale of AMP Life (the Australian and New Zealand wealth protection and mature businesses) to UK-based Resolution Life is highly unlikely to proceed on the current terms due to the challenges in meeting a condition laid down by the Reserve Bank of New Zealand (RBNZ).

    Asia | 16 Jul 2019
  • South Korea: IT giant enters insurance business with acquisition of insurance platform

    Kakao Pay, the FinTech division of IT giant Kakao, has acquired insurance platform start-up, Inbyu's shares and secured its management rights, reported The Korea Times. The acquisition is considered a strategic move for the FinTech to enter the insurance business as Inbyu will act as a general agency for Kakao Pay's insurance services.

    Asia | 12 Jul 2019
  • Bahrain: Insurance sector continues to thrive

    Bahrain's insurance market continues to thrive and remains the domicile of choice for a number of foreign entities, despite operating on slightly antiquated rules, says international credit rating agency AM Best.

    Middle East | 10 Jul 2019
  • India: Inter-ministerial talks on fate of 3 govt-owned general insurers

    An inter-ministerial group is meeting this week to draw a roadmap for a two-phase merger of state-run unlisted general insurers, a finance ministry official has said.

    Asia | 03 Jul 2019
  • Thailand: Life insurer makes another acquisition

    Hard on the heels of its recent acquisition in Hong Kong, FWD will be making another acquisition in Thailand. The Siam Commercial Bank (SCB) has signed a binding share sale agreement with FWD regarding the sale of its entire stake in SCB Life Assurance (SCB Life) and concurrently entered into a distribution agreement to establish a long-term life bancassurance partnership with the insurer.

    Asia | 01 Jul 2019
  • Saudi Arabia: Two more insurers studying possible merger

    Solidarity Saudi Takaful and Aljazira Takaful Taawuni have signed a non-binding MOU to evaluate a potential merger between the companies.

    Middle East | 30 Jun 2019
  • Pan-Asian insurer snaps up Hong Kong insurance unit

    Following reports of FWD being in advanced talks to acquire MetLife's Hong Kong insurance unit, the Pan-Asian insurer has announced its acquisition of MetLife Limited and Metropolitan Life Insurance Company of Hong Kong which are wholly-owned subsidiaries of MetLife. All existing MetLife Hong Kong policies will continue to be honoured by FWD following the change in ownership. FWD also intends to rename and rebrand the business. However, the transaction is subject to regulatory approvals.

    Asia | 28 Jun 2019
  • Starr group increases stake in China property insurer

    Starr International has increased its stake in its Chinese P&C subsidiary from 92.42% to 97.45%.

    China | 28 Jun 2019
  • India: Standalone health insurer to be merged into non-life company

    HDFC, India's largest mortgage financier, has agreed to acquire the entire 50.8% stake of Apollo Hospitals Group in a health insurance joint venture with German reinsurer Munich Re Group as part of its strategy to tap the market.

    Asia | 27 Jun 2019
  • Japan: Non-life insurance giant eyes acquisition opportunities in Asia

    Tokio Marine Holdings is seeking acquisition opportunities in Asian emerging markets and elsewhere, as it seeks to double profits from those regions, according to the new chief of Japan's largest P&C insurer.

    Asia | 26 Jun 2019

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