Arab Insurance Group has announced the sale of Tivoli Capital, UK (in run-off). As a result, the UK unit is no longer a subsidiary of ARIG, which did not provide financial details of the sale.
To mark its 5th anniversary, PAObank has announced a strategic partnership with China Ping An Insurance (Hong Kong) Company Limited (CPAIHK).
Jerusalem Insurance Company (JICO) has announced the completion of its acquisition of 72% of the shares of Arabia Insurance Company - Jordan (Arabia Jordan), after completing all regulatory requirements and obtaining final approvals from the competent regulatory authorities, led by the Central Bank of Jordan, the Securities Commission, and the Companies Control Department.
Allianz Maroc has reached an agreement for the acquisition of several insurance product distribution outlets by Wafa Assurance, according to SanlamAllianz, the parent company of Allianz Maroc.
The Saudi Insurance Authority has approved the proposed merger between The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) and Buruj Cooperative Insurance Company.
Tysers Insurance Brokers, a leading international Lloyd's broker, has formed a strategic partnership with Ronesans Reinsurance & Insurance Brokerage (Ronesans), one of Türkiye's foremost insurance brokerages.
Sompo Holdings, Inc. (Sompo) has entered into a merger agreement with Aspen Insurance Holdings (Aspen), where it will acquire 100% of Aspen's issued Class A ordinary shares for $3.5bn.
On August 19, Chinese media reported that Dajia Insurance had in July completed the transfer of its stakes in South Korea's Tongyang Life Insurance and ABL Life Insurance to Woori Financial Group.
Saudi Enaya Cooperative Insurance Company (Enaya) and Salama Cooperative Insurance Company (Salama) have announced that they have entered into a binding merger agreement.
FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc (Mercantile), two of the largest non-life insurance providers in the Philippines have announced their definitive agreement to merge.