Finafrica, a pan-African provider of microfinance and insurance services and a subsidiary of the French group, Groupe Duval, has welcomed a strategic investor in Proparco which has acquired a 10% stake in the company.
The Sovereign Fund of Egypt (TSFE) has received an offer from an Emirati party to acquire a stake of up to 40% in state-owned Misr Life Insurance Company, Egypt's biggest life insurer.
Leading homegrown financial services company, Singapore Life Holdings (Singlife) has become a fully owned subsidiary of Sumitomo Life Insurance Company.
The Egyptian Exchange (EGX) has disclosed that the AIG Egypt Insurance shares offered in response to Gulf Insurance Group's (GIG) mandatory offer to purchase shares in the former numbered 32,608 shares or 58.1% of the total number of shares available for purchase.
Gulf Tamin has acquired a stake of 13.85% in reinsurer Arab Insurance Group (ARIG), according to a statement filed by ARIG with Bahrain Bourse.
FWD Group Holdings (FWD Group) yesterday announced the completion of an additional investment of a further 21% stake in FWD Takaful.
Sukoon Insurance Company has announced that it has obtained the necessary approvals from the regulatory authorities to submit an offer to the remaining shareholders of Arabian Scandinavian Insurance Company - Takaful (ASCANA).
The tender for the sale of the segregated life and general insurance businesses of state-owned Sri Lanka Insurance Corporation (SLIC) has attracted five bidders, four of which are local investors.
EY has appointed Mr Jonathan Zhao as regional managing partner of its Financial Services Organisation (FSO), effective 1 July 2024. He joined EY in 2000 and served as insurance sector leader in 2013. He has been FSO strategy and transactions leader since 2018.
Generali and the United Nations Development Programme (UNDP) have brought together representatives from the Malaysian Ministry of Finance, Bank Negara Malaysia, the SME Association of Malaysia and the insurance and financial communities to present concrete solutions on how to boost small and medium-sized enterprises' (SMEs) resilience against climate change and other risks.