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M&A tag returned 873 results

  • 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
  • Egypt: UAE investor eyes stake of up to 40% in biggest life insurer

    The Sovereign Fund of Egypt (TSFE) has received an offer from an Emirati party to acquire a stake of up to 40% in state-owned Misr Life Insurance Company, Egypt's biggest life insurer.

    Middle East | 21 Mar 2024
  • Singapore: Singlife becomes fully owned subsidiary of Sumitomo Life

    Leading homegrown financial services company, Singapore Life Holdings (Singlife) has become a fully owned subsidiary of Sumitomo Life Insurance Company.

    Asia | 19 Mar 2024
  • Egypt: GIG's stake in AIG Egypt exceeds 97%

    The Egyptian Exchange (EGX) has disclosed that the AIG Egypt Insurance shares offered in response to Gulf Insurance Group's (GIG) mandatory offer to purchase shares in the former numbered 32,608 shares or 58.1% of the total number of shares available for purchase.

    Middle East | 17 Mar 2024

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