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M&A tag returned 876 results

  • Morocco: Societe Generale pulls out of local insurance and banking units

    Paris-headquartered Societe Generale (SG), the French financial services giant, has announced that it had reached an agreement to sell its Moroccan subsidiary to financial group Saham, for EUR745m ($793m).

    Middle East | 16 Apr 2024
  • Thailand: General insurers expected to enter period of consolidation

    The number of non-life insurance companies in Thailand is projected to be reduced to about 25-30 from the current number of about 50, according to Bangkok Insurance chairman Chai Sophonpanich. Bangkok Insurance is the third largest general insurer in the country.

    Asia | 16 Apr 2024
  • China: Fosun to sell shares in Belgium's biggest insurer in $778m deal

    Shanghai-headquartered multinational conglomerate Fosun International has reached an agreement with BNP Paribas Group to sell a stake in leading Belgian insurer Ageas to the latter's insurance subsidiary BNP Paribas Cardif.

    Asia | 16 Apr 2024
  • India: South African insurance giant signs deal to increase stakes in life & non-life JVs

    Africa's largest non-banking financial services group Sanlam, through its wholly owned subsidiary Sanlam Emerging Markets Mauritius, has announced that an agreement has been reached to increase the Sanlam Group's effective shareholdings in two Indian insurance companies. The deal, when completed, will make Sanlam the majority shareholder in both JVs.

    Asia | 11 Apr 2024
  • AXA group completes acquisition of XL Re China

    AXA China Region Insurance Company (Bermuda) Limited (AXA Insurance) has completed the acquisition of all the shares of XL Reinsurance (China) Company (XL Re China), according to a company statement.

    China | 05 Apr 2024
  • Australia: Suncorp signs deal to sell NZ life business for US$247m

    Brisbane-headquartered Suncorp Group yesterday announced that it had signed a share sale and purchase agreement with Resolution Life, Resolution Life Group's holding company in Australia and New Zealand (Resolution Life), to sell its New Zealand life insurance business, Asteron Life.

    Asia | 05 Apr 2024
  • India: Aon completes acquisition of local broker

    Aon, a leading global professional services firm, has completed a transaction to acquire Global Insurance Brokers (GIB). The transaction significantly expands Aon's existing capabilities in India to help clients navigate volatility and make better decisions.

    Asia | 05 Apr 2024
  • UAE: Sukoon to acquire another 1.57% stake in takaful company

    Sukoon Insurance Company has announced that it had received acceptances for 2,411,030 shares which represent 1.57% of the shares of Arabian Scandinavian Insurance Company - Takaful (ASCANA).

    Middle East | 04 Apr 2024
  • Singapore: GIC completes acquisition of shares in Miller

    London-headquartered independent specialist (re)insurance broker, Miller, has announced that GIC, a global institutional investor, has completed its acquisition of Cinven's shares in Miller.

    Asia | 03 Apr 2024
  • Africa: Finafrica takes in strategic investor

    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.

    Africa | 28 Mar 2024

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