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M&A tag returned 566 results

  • Kuwait: GIG to increase revenue by US$1bn following deal with AXA

    Gulf Insurance Group (GIG) has said that its acquisition of the entire shares of AXA Gulf represents part of the group's strategy to increase revenues and expand in the Arab region.

    Middle East | 13 Sep 2021
  • MENA: GIG's regional footprint covers 13 markets on completion of deal with AXA

    Gulf Insurance Group, a leading insurance group in the Middle East and North Africa, has become bigger following the successful completion of its acquisition of AXA's operations in the Gulf region after obtaining the necessary regulatory approvals from the respective markets.

    Middle East | 09 Sep 2021
  • India: HDFC Life to acquire Exide Life in biggest insurance deal

    Listed HDFC Life Insurance Company (HLIC), which is India's largest private-sector insurer, has announced the acquisition of 100% of the share capital of Exide Life Insurance for a total consideration of INR66.87bn ($912m). This is the largest insurance deal in the country.

    Asia | 07 Sep 2021
  • Singapore: HSBC deal with AXA shows there is still life in the local market

    HSBC Insurance (Asia-Pacific) Holdings' (HSBC Insurance) recent agreement to acquire AXA Insurance (AXA Singapore) demonstrates the continued growth potential of Singapore's life insurance segment, said AM Best in a recent note.

    AIRPlus | 31 Aug 2021
  • Ivory Coast: Insurance industry abuzz in recent weeks

    The Ivorian insurance industry has been abuzz in recent weeks because of several developments including M&A deals.

    Africa | 30 Aug 2021
  • India: Strategic sale of shares in state-owned general insurers deemed vital

    The recent amendment to the General Insurance Business (Nationalisation) Act, 1972, that allows the central government to hold a stake of less than 51% in state-owned insurance companies, is seen as necessary to keep the three unlisted public sector general insurers afloat and prevent a crisis in the sector.

    Asia | 20 Aug 2021
  • The ABC of HSBC and AXA

    Newspaper headlines were abuzz this week with the news that HSBC Insurance had pitched to buy AXA Singapore for $575m. But why? We spoke to HSBC Life's Mr Bryce Johns to understand how the themes of health, wealth and wellbeing are central to building a comprehensive offering for its high-net-worth customer base - and where its future focus will be.

    AIRPlus | 19 Aug 2021
  • Australia: Coverforce to merge into Steadfast in a US$300m deal

    Steadfast Group has entered into an agreement to acquire 100% of Coverforce, one of Australia's largest privately owned insurance brokers which is predominantly focused on the SME sector.

    Asia | 19 Aug 2021
  • Lebanon: LIA Insurance and Assurex merge

    LIA Insurance and Assurex Insurance and Reinsurance have merged, with the enlarged entity adopting the name LIA Assurex.

    Middle East | 18 Aug 2021
  • Saudi Arabia: Limited capital hampers growth of insurance market

    The insurance market in Saudi Arabia is aiming to be profitable, but it suffers from major problems such as the small size of insurers and reliance on reinsurance, placed mainly overseas, says financial analyst Mr Ahmed Alshehri.

    Middle East | 18 Aug 2021

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