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.
Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake in Canopius Group, bringing its shareholding to 40%.
Saudi Enaya Cooperative Insurance Company (Enaya) and Salama Cooperative Insurance Company (Salama) announced yesterday that the General Authority for Competition has issued a no-objection to a proposed merger between the two insurance companies.
AM Best has placed under review with developing implications the Financial Strength Rating of 'B' (Fair) and the Long-Term Issuer Credit Rating of 'bb' (Fair) of Arabia Insurance Company - Jordan (AICJ).
Mergers and acquisitions (M&As) are expected to pick up again in the Saudi insurance market, following the recent cooling down of such activities, according to insurance sector expert Adel Al Eisa.
Halliwell, a forensic and technical consultancy, has expanded its services in APAC following the acquisitions of IMPARTA Engineers, an insurance-focused technical engineering and structural diagnostics consultancy, and asset purchase of du Chateau Chun, a firm of specialist building regulation, code and compliance advisors.