Delta Insurance, which is listed on the Egyptian Exchange, has received acquisition offers from AXA Egypt and Wafa Life Insurance Egypt.
Nippon Life Insurance is in the final stages of buyout talks with US life insurer Resolution Life Group Holdings, Resolution said yesterday in what would be a $8.2bn deal, reported Reuters.
Saham Group has finalised its EUR745m (4787m) acquisition of Société Générale's Moroccan insurance and banking subsidiaries.
Global insurer Generali has reached an agreement on the sale of its 100% stake in Generali Life Assurance Philippines, to The Insular Life Assurance Company, the largest insurance company in Italy announced last week.
Allianz Australia Insurance's proposed acquisition of RAA Insurance will consolidate its Top Four market position in Australia's property/casualty insurance sector, says S&P Global Ratings (S&P).
The National Financial Regulatory Administration (NFRA) has approved the transfer of 100% of shares in a Hong Kong subsidiary held by Shanghai-headquartered China Pacific Insurance (Group) Co (CPIC Group) to another subsidiary, China Pacific Property Insurance Co (CPIC P&C).
Allianz Australia has entered into a partnership with the Royal Automobile Association of South Australia (RAA) in a deal worth A$$642m ($416m).
IAG, one of Australia's leading general insurers, and RACQ have announced that IAG will acquire 90% of RACQ's existing insurance underwriting business, with an option to acquire the remaining 10% in two years on consistent terms. The consideration amounts to A$855m ($555m).
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced that it has acquired a stake of 28.985% in Alliance Insurance, an insurer based in Dubai and listed on the Dubai Financial Market.
M&As are expected to dominate the next phase of growth in the Indian insurance industry, according to a report by the Confederation of Indian Industry (CII) and professional services firm KPMG in India.