M&As are expected to dominate the next phase of growth in the Indian insurance industry, according to a report by the Confederation of Indian Industry (CII) and professional services firm KPMG in India.
Online insurance broking platform company InsuranceDekho is in advanced talks to merge with smaller peer RenewBuy in a cash-and-stock deal, according to two people familiar with the matter.
China's first urban agglomeration weather insurance joint innovation engineering centre was inaugurated at the 2024 Shanghai International Reinsurance Conference on 23 October.
German global insurer Allianz SE has indicated to Bajaj Group that given its strategic priorities, it is actively considering an exit from the life and general insurance joint ventures with the latter, listed company Bajaj Finserv stated.
Japanese general insurance giant Tokio Marine has paused the sale of its $1bn Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring bancassurance agreement, four sources with knowledge of the matter said.
Singapore's lawmakers passed a new law on 16 October, granting the the Minister-in-charge of MAS to have powers to consider the views of the Community Minister in approval processes for deals involving an insurer that is either a co-operative (Co-op) or linked to a Co-op.
The Competition Commission of India (CCI) has announced that it has approved the proposed acquisition of 24.91% shareholding in Future Generali India Insurance (FGIICL) and 25.18% shareholding in Future Generali India Life Insurance (FGILICL) by Mumbai-headquartered Central Bank of India (CBI).
Specialist Risk Group (SRG), a fast-growing specialist insurance intermediary, majority-owned by Warburg Pincus and Temasek, has announced its launch in Asia Pacific, marking its expansion into the region.
The Singapore government has decided that it would not be in the public interest for the proposed S$2.2bn ($1.68bn) sale of a stake in Income Insurance to global insurer Allianz, in its current form, to proceed.
Public Bank, among Malaysia's top three banks, has entered into a conditional sale and purchase agreement with the Estate of the Late Tan Sri Dr Teh Hong Piow and Consolidated Teh Holdings (ConTeh) to acquire a stake in LPI Capital.