Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines (MAAGAP) from MAA Group.
A majority stake in Lotte Insurance, South Korea's seventh biggest non-life insurer, has been placed for sale for over KRW2tn ($1.45bn).
Chedid Capital has announced the acquisition from the Husson Family of the remaining 20% stake in Groupe Ascoma, sub-Saharan Africa's leading independent brokerage network.
The Reserve Bank of New Zealand (RBNZ) has approved a proposal to transfer the operations and insurance portfolio of Accuro Health Insurance Society (Accuro) to Union Medical Benefits Society (UniMed), according to a statement posted on the website of UniMed.
Allianz Group has completed the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company (ADNIC), a multiline regional insurance provider based in the United Arab Emirates and listed on the Abu Dhabi Stock Exchange.
The synergy and integration of two global foreign insurance players and their Chinese P&C operations are expected to increase, says Fitch Ratings.
Four shareholders, planning a collective withdrawal from a life insurer, have posted for sale their combined 65% stake in the joint venture on the Beijing Equity Exchange with the offer starting on 12 April and closing on 24 May.
Paris-headquartered Societe Generale (SG), the French financial services giant, has announced that it had reached an agreement to sell its Moroccan subsidiary to financial group Saham, for EUR745m ($793m).
The number of non-life insurance companies in Thailand is projected to be reduced to about 25-30 from the current number of about 50, according to Bangkok Insurance chairman Chai Sophonpanich. Bangkok Insurance is the third largest general insurer in the country.
Shanghai-headquartered multinational conglomerate Fosun International has reached an agreement with BNP Paribas Group to sell a stake in leading Belgian insurer Ageas to the latter's insurance subsidiary BNP Paribas Cardif.