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M&A tag returned 330 results

  • 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
  • India: Govt owned banks, facing mergers, told to submit plan for stakes in insurers

    The insurance regulator has asked government owned banks that are merger candidates to provide a road map on what they propose to do with their stakes in insurance companies after the merger comes into effect.

    Asia | 04 Dec 2019
  • 4 state-owned insurance companies looking at strategic investors

    Four state owned insurance companies are seeking or have attracted strategic investors. The main purpose for the move is seen as not simply to raise funds but also to tap the strategic partner to improve vitality, corporate governance and operating efficiency

    China | 29 Nov 2019
  • Chubb again increases stake in Huatai, with an eye on majority control

    US global insurer Chubb has agreed to purchase an additional 15.3% of Huatai Insurance Group. Upon completion of the share purchases, Chubb is expected to own 46.2% of Huatai Insurance Group.

    China | 29 Nov 2019
  • Reinsurance: T&D and Carlyle Group buy majority stake in reinsurer

    Japan's T&D Holdings (T&D), a publicly listed insurance holdings company of T&D Insurance Group, and a newly created fund of global investment firm The Carlyle Group, have joined hands to acquire from AIG a 76.6% ownership interest in Fortitude Group Holdings. The acquisition price was approximately $1.8bn.

    Asia | 27 Nov 2019
  • Beazley hires M&A underwriter to join Singapore team

    Specialist insurer Beazley has appointed Jade Cummings to underwrite risks associated with M&A across Asia Pacific.

    People | 22 Nov 2019
  • Chubb further increases stake in Huatai Insurance

    The largest US commercial insurer Chubb has received approval from the CBIRC to increase its stake in Huatai Insurance Group, from 26.2% to 30.9%.

    China | 22 Nov 2019
  • Asia: Aviva keeps profitable Singapore and China businesses

    Leading UK insurer Aviva has asserted that it is retaining its businesses in China and Singapore. Aviva is continuing to explore strategic options for its operations in Hong Kong, Vietnam and Indonesia, with its respective partners in each country, the company said in a statement.

    Asia | 20 Nov 2019

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