Shareholders of Shin Kong Financial Holding and Taishin Financial Holding have voted to merge their two groups, that would create Taiwan's fourth-biggest financial services group.
Prudential has reached an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited (PZL), its joint venture business in Nigeria, leading to 100% ownership of the latter.
NN Group of The Netherlands has reached an agreement to sell its Turkish operations, consisting of life insurance and pension business, to Zurich Türkiye.
Islamic Arab Insurance (Salama) has pulled out of a deal to acquire part of the general and group life portfolios of Dubai Islamic Insurance and Reinsurance (Aman).
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has announced that PSC Insurance Group's shareholders have voted in favour of its proposed A$2.3bn ($1.6bn) acquisition by Ardonagh.
Italy's global insurer, Generali, has reached an agreement for the sale of its 99.99% stake in Generali Sigorta to several Turkish parties.
Taiwan's financial regulator yesterday rejected a takeover bid by financial conglomerate CTBC Financial Holding for rival Shin Kong Financial Holdings, saying that the latter's plans on how to implement the merger were incomplete.
The global slowdown in M&A activity has been felt in South Africa, with the macroeconomic factors of high inflation, high interest rates, and lower economic growth being the key factors, says the global law firm Clyde & Co.
The drive towards market consolidation and growth in the Middle East has been guided, in no small part, by continually enhancing regulation with a drive to implement more balanced, but also more detailed corporate governance, said global law firm Clyde &Co.
Liva Insurance KSA has appointed SNB Capital as a financial advisor for its proposed merger with Malath Cooperative Insurance Company, according to a statement the former lodged with the Saudi Stock Exchange (Tadawul).