Tag Search Result

Show result per page
Page 1 of 34

M&A tag returned 337 results

  • Nigeria: At least 6 insurers to merge

    At least six insurance companies have notified the National Insurance Commission (NAICOM) of their plans to merge as part of their efforts in meeting up with the regulator's recapitalisation requirements.

    Africa | 20 Jan 2020
  • South Korea: Major banks express interest in acquiring Prudential Life

    After being put up for sale last month, Prudential Life Insurance of Korea has received interest from major banking groups in South Korea looking to acquire a 100% stake in the insurer.

    Asia | 07 Jan 2020
  • Saudi Arabia: Merger moves afoot in insurance industry

    Al Ahlia Insurance Company and Gulf Union Cooperative Insurance Company last month announced signing a Memorandum of Understanding (MoU) to evaluate a potential merger.

    Middle East | 06 Jan 2020
  • Egypt: EFG Hermes, GB Auto to acquire stakes in life insurer

    EFG Hermes, through its non-banking financial arm EFG Hermes Finance Holding, and GB Auto, through GB Capital, have announced their entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine Egypt Family Takaful in a deal worth EGP84.75m ($5.3m).

    Middle East | 05 Jan 2020
  • Turkey: Sovereign wealth fund to take over govt owned insurers, pension firms

    Turkey's sovereign wealth fund will take over insurance and pension companies owned by state lenders and consolidate them in an effort to increase their global competitive power, reported Reuters.

    Middle East | 17 Dec 2019
  • Middle East: Region to see slew of insurance M&A deals & cyber time bombs in 2020

    Signs are that in 2020, the MENA insurance industry will see a slew of M&A deals, predicts London-based New Dawn Risk, a specialist insurance intermediary focussing on all lines of liability insurance and related specialty classes of business.

    Middle East | 16 Dec 2019
  • India: IRDAI plans change to insurance company ownership rules for merged banks

    With the mergers of 10 state-run banks underway, the IRDAI is planning to allow them to cross the 10% ownership caps in more than one insurance company and limit the banks' management control to only one entity.

    Asia | 10 Dec 2019
  • Global reinsurer finds buyer for UK subsidiary

    Swiss Re has finally agreed to sell its closed life business ReAssure Group valued at GBP3.25bn ($4.28bn) to Phoenix Group. The deal will offer Swiss Re a cash payment of GBP1.2bn, shares in Phoenix representing a 13% to 17% stake and entitlement to a seat on its board of directors. The transaction is expected to close in mid-2020 subject to approvals by Phoenix's shareholders, regulators and anti-trust authorities.

    Asia | 06 Dec 2019
  • India: Finance ministry seeks grant to recapitalise 3 state owned insurers

    The Finance Ministry has sought approval from the Parliament for an additional grant of funds for the recapitalisation of three state-run general insurance companies ahead of taking further steps to merge them.

    Asia | 06 Dec 2019
  • Asia Capital Re in run-off - acquired by Bermuda legacy reinsurer

    Bermuda-based Catalina has reached an in-principle agreement to acquire Singapore-headquartered reinsurer Asia Capital Re (ACR). The acquisition is expected to close in the first half of 2020, subject to regulatory and all other approvals.

    Asia | 05 Dec 2019

    Follow Asia Insurance Review