Liberty Mutual Insurance has completed its acquisition of Malaysian insurer AmGeneral Insurance (AmGeneral), a top-three motor insurer with a growing business in additional product lines.
The Saudi Central Bank has approved the merger of SABB Takaful and Walaa Insurance, according to statements lodged by the two companies with Tadawul.
Australia-based insurance broker Aviso Broking has acquired Macquarie Insurance Brokers (Australia) Pty Ltd in Sydney, which caters to commercial and personal insurance lines.
Sino-Korea Life Insurance, a joint venture between South Korean life insurer Hanwha Life Insurance and Zhejiang Orient Financial Holdings Group, will bring in five Chinese state-backed strategic investors, raising the stake owned by Chinese companies to 75%.
Brisbane-headquartered Suncorp Group yesterday announced that it has signed a share sale and purchase agreement with Australia and New Zealand Banking Group (ANZ) to sell its banking business for A$4.9bn ($3.3bn).
National Life & General Insurance Company (NLGIC), a flagship insurance subsidiary of Oman International Development and Investment Company (OMINVEST), has completed a strategic acquisition leading to RSA Middle East becoming a wholly owned subsidiary of NLGIC.
State-owned Bank Negara Indonesia (BNI) is considering strategic options including potentially selling its stake in a life insurance business that could value the unit at about $1bn, reported Bloomberg citing people familiar with the matter.
Citic, one of China's largest state-owned conglomerates, is in talks to buy a stake in Dajia Insurance Group, the company that was created three years ago to take over assets of now-defunct Anbang Insurance Group Co, reported Bloomberg citing people familiar with the matter.
Miller, the London-headquartered independent specialist (re)insurance broker, has acquired Tokyo-based Lead Insurance Services.
A Singaporean insurance firm affiliated with the regional e-retailer Shopee has entered the Philippine insurance market after it acquired two licensed Philippine non-life insurance companies.