The Financial Supervisory Commission (FSC) has approved a grace period of about 27 months for China Development Financial Holding Corp (CDFHC) to complete its acquisition of China Life Insurance of Taiwan.
Peak Reinsurance Company (Peak Re) has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings and its subsidiary Lutece Investment Management (Lutece), the reinsurer says in a statement.
The Financial Supervisory Commission (FSC) has directed China Development Financial Holding Corp (CDFHC) proceed with its purchase of all of Taiwan's China Life Insurance.
A post-merger Union Bank, which has been amalgamated with Andhra Bank and Corporation Bank may sell Andhra Bank's stake in a life insurance company.
Catalina Holdings has completed the acquisition of Singapore-headquartered Asia Capital Reinsurance Group (ACR) following the necessary regulatory approvals.
Private equity firm Verod Capital Management is set to buy all 100% of Law Union & Rock Insurance and recapitalise the insurer.
Bank Rakyat Indonesia has revived its plan to sell a stake in its life insurance arm, which is attracting interest from suitors in a deal that could fetch about $500m, reported Bloomberg quoting people familiar with the matter.
Nigeria's insurance regulator, the National Insurance Commission (NAICOM), has said that it may require insurance companies struggling to meet higher capital requirements to merge, rather than allow the weakest to fail.
The Mehri group has acquired GAM Assurances, previously owned by Emerging Capital Partners.
The number of inbound M&A deals in China is expected to be a low-single-digit figure, says international professional services firm Deloitte. However, deal size may easily be north of $1bn.