The minority investors in ABC Life Insurance Co., the insurer controlled by Chinese state-owned Agricultural Bank of China (AgBank), are considering a sale of their stake, reported Bloomberg quoting people familiar with the matter.
BMS, a London-based independent specialist insurance and reinsurance broker, has announced the acquisition of SRG Group, an Australian corporate retail broker with operations in Perth and Queensland.
Mauritius's biggest insurer, having won a $10m investment from France's Proparco this month, is eyeing a 10% market share in a number of East African markets after outgrowing its Indian Ocean island home, reported Bloomberg.
New Zealand non-life insurer Tower has announced the conditional sale of all of its shares in its Papua New Guinea subsidiary to Port Moresby-based Alpha Insurance.
Bermuda-based Monument Re has reached an agreement with Zurich International Life Limited (ZILL) to acquire the closed book portfolio of latter's Singapore long-term life insurance business.
Dubai-based Al Sagr National Insurance Company (ASNIC) has announced that a large shareholder is considering selling its stake in the company.
Casablanca-headquartered AFMA, a leading insurance broker in Morocco, has established a presence in Côte d'Ivoire through an equity stake in the Ivorian broker ACR (Assureurs Conseil Réunis).
Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Ltd (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited (FPG Thailand), a Thai non-life insurance company, together with local Thai parties.
Two major insurers in the Nepalese market, the Himalayan General Insurance Company (HGI) and Everest Insurance Company (EIC), have decided to merge. The two companies recently signed a memorandum of understanding on the proposed merger.
Australian-listed AUB Group yesterday announced it has entered into a binding agreement to purchase Tysers, a leading Lloyd's wholesale broker and is undertaking an equity capital raising to provide funding towards the acquisition