Allianz SE has emerged as the frontrunner in the sale of HSBC's Singapore insurance business, with a potential transaction valued at up to $2bn, according to a Bloomberg report citing people familiar with the matter.
Australian insurance broker Steadfast Group has received an indicative takeover proposal from US specialty insurance distributor Amwins Group Inc and private equity firm Dragoneer Investment Group. The announcement triggered a record 36% jump in the company's share price.
American asset manager Apollo Global Management is eyeing the acquisition of a Japanese life insurer in a bid to gain market share in the Asian country.
Gulf Insurance Group-Jordan (GIG Jordan) has recorded a sharp rise in net profits in 1Q2026, further consolidating its market leadership.
Gallagher, the global insurance brokerage, risk management and consulting firm, has increased its investment in ACE Gallagher Holding, one of the largest and most established insurance broking firms in the Middle East & Africa (MEA). The firm is majority owned by MIG Holding and this agreement will see Gallagher increase its share from 30% to 49%.
Manulife Hong Kong has announced a Memorandum of Understanding (MoU) with Alibaba Cloud, to establish a collaboration framework focussed on advancing responsible AI innovation and accelerating the deployment of AI technologies.
The Institute of Risk Management (IRM) and the Risk and Insurance Management Association of Singapore (RIMAS) have entered into a new strategic collaboration designed to advance professional development, knowledge sharing and organisational resilience across Singapore.
DB Insurance has announced the completion of its $1.65bn all-cash purchase of US specialty insurer the Fortegra Group from Tiptree and Warburg Pincus.
Mahindra and Manulife have announced progress on their life insurance joint venture, following approval from the Ministry of Corporate Affairs.
MNRB Holdings' proposed acquisition of the remaining 80% equity interest in Labuan Re marks a significant strategic step in strengthening the Group's international reinsurance platform, the holding company said in a statement.