Global investment and insurance organisation Starr Insurance Holdings has acquired IQUW Group in a bid to expand the latter's classes of business that Starr underwrites, positioning the combined company for growth across a broader range of global market segments.
Blackstone, a global private equity giant, has acquired a 70% stake in New Delhi-based Ace Insurance Brokers in one of the largest transactions in India's insurance intermediary market, according to news platform, the Financial Express.
AIG has entered into definitive agreements to acquire the renewal rights for a majority of Everest Group's retail insurance portfolios worldwide, representing in aggregate approximately $2bn of premium.
The Saudi Stock Exchange (Tadawul) has announced the suspension of trading in Buruj Insurance Company (Buruj) shares, pending the commencement of procedures to delist the stock permanently, following the merger of Buruj with the Mediterranean and Gulf Insurance and Reinsurance Cooperative Company (MedGulf).
The newly-established sovereign wealth fund Danantara has plans to consolidate the state-owned insurance and reinsurance sector, the fund's managing director and chief economist, Reza Yamora Siregar, has announced.
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has completed the transfer of shares of Bahrain National Insurance Co (BNI) from the parent company.
The Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) has published a notice of inquiry into the proposed acquisition of Egypt's Delta Insurance by Morocco's Wafa Assurance.
The Financial Regulatory Authority (FRA) has approved the publication of a mandatory tender offer submitted by a leading Moroccan insurance company, Wafa Assurance, to acquire shares in Delta Insurance Company.
The Capital Market Authority has approved the proposed capital increase of Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) by 31.58% to SAR1.38bn ($368m) from SAR1.05bn, the insurers disclosed in separate statements lodged with the Saudi Exchange.
A legal notice filed by Community Reinsurance Corporation has announced a proposed business transfer in the UK reinsurance sector.