Tencent and Taikang Insurance Group have signed a new comprehensive strategic cooperation agreement to further advance digital transformation in insurance and healthcare services. According to local media reports, the agreement was formalised on June 27 at Shenzhen Qianhai Taikang Hospital.
The adoption of deal insurance continues to accelerate as acquirers (and vendors) race to offset risk in an increasingly uncertain dealmaking environment, according to a survey commissioned by the global law firm Norton Rose Fulbright.
With the pending acquisition of Resolution Life by Nippon Life, and its eventual merger with Acenda, several independent non-executive directors have been appointed to the board of the Acenda Group, according to news platform Financial Newswire. Namely, they are Ms Catherine Dubé, Mr David Stephen, Ms Melissa Babbage and Ms Rosheen Garnon.
Arabia Insurance Cooperative Company (AIC) and United Cooperative Assurance Company (UCA) have announced that they are considering a potential merger.
United Risk has completed the acquisition of Sydney based Pinnacle Underwriting and thus expanding and strengthening its operations in the Asia-Pacific and Middle East regions in major lines of business.
Turkiye Wealth Fund (TVF), owned by the government, has completed all stages of the strategic merger process of public insurance and pension companies, the sovereign wealth fund has said in a statement.
Approximately 45% of respondents in South and Southeast Asia expect the use of representations and warranties insurance (R&W/W&I) to rise significantly in 2025, as compared to 2024, the third edition of the Global M&A trends and risks report showed. The report was done by Norton Rose Fulbright in collaboration with Mergermarket.
BK Group, the biggest financial services group in Rwanda, has announced plans to merge its subsidiary BK General Insurance with Rwanda Social Security Board (RSSB)-owned Sonarwa General and Sonarwa Life Assurance. The objective of the move is to increase and consolidate market share.
The performance of Uganda's insurance industry is expected to improve this year due to factors such as the expected take-off of takaful.
Morocco's Wafa Assurance has filed a draft announcement of a mandatory tender offer (MTO) for Delta Insurance Company shares, according to a statement issued by the Financial Regulatory Authority (FRA) on the Egyptian Exchange on 11 June.