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M&A tag returned 749 results

  • UAE: SALAMA reports 121% jump in investment gains in 2022

    SALAMA Islamic Arab Insurance, the leading takaful company in the UAE, says that its revitalised investment strategy has resulted in the group's investment income rising to AED40.66m ($11.07m) in 2022 from AED18.43m in 2021.

    Middle East | 27 Mar 2023
  • Kuwait: Regulators give green light to acquisition of takaful company

    Kuwait Insurance Company (KIC) has obtained the approval of the Insurance Regulatory Unit, the Competition Protection Agency and the Capital Markets Authority for the acquisition of a majority stake in National Takaful Insurance Company.

    Middle East | 20 Mar 2023
  • Nepal: Insurance market abuzz with M&A activity

    A number of merger agreements have been signed in both the life and non-life insurance sectors in the last one year, with M&A activity intensifying after the Nepal Insurance Authority (NIA) raised minimum paid-up capital requirements for insurers.

    Asia | 14 Mar 2023
  • Brighter outlook for W&I insurance business in Greater China in 2023

    Reduced pricing, coupled with the loosening of pandemic controls in China, should result in a more favorable M&A environment and improved transactional risk insurance utilisation in Greater China in 2023, says Marsh, the world's biggest insurance broker.

    China | 10 Mar 2023
  • GCC: Opportunities abound for continued insurance sector growth as economies strengthen

    Opportunities exist for continued insurance sector growth in the GCC, as economies strengthen, new insurable risks enter the market and product offerings diversify through the enforcement of mandatory insurance covers, says AM Best.

    Middle East | 06 Mar 2023
  • Online used car marketplace invests in InsurTech

    An online marketplace for used cars, Carro, is investing in technology to improve insurance distribution and claims processes for customers and insurers in Southeast Asia. Carro inked an investment and joint venture agreement with Singapore-headquartered ZA Tech. The agreement will allow the online marketplace to fill in gaps in the automotive industry through generative AI tools such as ChatGPT.

    AIRPlus | 02 Mar 2023
  • MEA: Number of insurance M&A deals in the region jumps by over 40% in 2022

    The Middle East and Africa (MEA) region saw an increase of over 40% in the annual total of M&A deals in 2022, albeit from a low base, primarily driven by a busy first half, says Clyde & Co.

    Middle East | 01 Mar 2023
  • Asia Pacific: Insurance M&As in the region make steady gains

    Asia Pacific saw increases in insurance M&As across 2022, with the number of deals rising in both halves of the year, according to an analysis by the global law firm Clyde & Co.

    Asia | 01 Mar 2023
  • UAE: Dar Al Takaful's gross written contribution jumps by 14% in 2022

    Dar Al Takaful (DAT), a leading takaful company in the UAE, has announced its preliminary, unaudited, financial results for the financial year ended 31 December 2022 (FY22), in which the company posted Gross Written Contribution (GWC) of AED807.59m ($220m), an increase of 14% compared to 2021.

    Middle East | 26 Feb 2023
  • Qatar: Investment group buys miniority stake in Seib Insurance

    Al Alfia Holding, a prominent Qatari-based investment group, has acquired a minority stake in Seib Insurance and Reinsurance Company, a Qatari company and one of Qatar's premium insurance providers.

    Middle East | 23 Feb 2023

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