Industry Segments: M&A Page 64 / 65
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- May 9 2015
Australia’s Honan Insurance acquires Singapore’s MACS
General Insurance and Employee Benefits broker in South East Asia acquired for an undisclosed amount.
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- May 7 2015
Anbang gets green light to acquire Belgium’s 100-year-old insurer
Acquisition marks the first time a Chinese insurance company acquiring 100% ownership of a European insurance firm.
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- May 6 2015
Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer
Acquisition in line to expand insurance business to other markets in Southeast Asia.
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- May 6 2015
Job cuts loom after Allianz Australia takes over TIO
The sale of TIO’s insurance arm to Allianz was approved by the Australian parliament.
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- May 6 2015
Manulife to open 18 branches in the Philippines, eyes raising market share
10 branches to be opened this year and a further eight scheduled in 2016.
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- May 4 2015
Fosun strikes US$1.8bn deal with US insurer Ironshore
Fosun already owns 20% of the casualty and property insurer, which it bought in August 2014 for US$464m.
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- May 1 2015
Maybank Ageas seeks to acquire insurance firms in Indonesia, Philippines
Discussions have been taking place with a number of parties for possible acquisitions.
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- April 29 2015
Bangladesh to see first insurance JV if Mitsui Insurance gets license
Japan's largest insurance company, reportedly in talks with insurance regulators in Bangladesh.
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- April 27 2015
China’s Fosun to invest in more European and US insurance firms
OneBeacon Insurance Group also said to be a target.
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- April 23 2015
Philippine National Bank seeks US$500m in sale of life insurance stake
Possible investors could come from Japan and Taiwan.
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- April 23 2015
Bank Rakyat Indonesia to sell stake in life insurance arm
The Bank is seeking a partner to develop its life insurance unit BRIngin Life.
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- April 22 2015
Gearing up for Asian insurance M&A
Advisers to the insurance industry are gearing up for growth in Asia, in anticipation of a surge of M&A activity in the region.
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- April 21 2015
Malaysia’s growing insurance industry to drive M&A
Under-capitalized insurers and takaful operators could be expected to seek strategic investors or alternative capital.
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- April 21 2015
Taiwan’s Cathay Financial enters Philippine banking sector
Cathay Life Insurance Corp acquires 20% stake in Rizal Commercial Banking Corp for Php7.95bn (US$179m).
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- April 16 2015
AXA strikes partnership deal with SingPost
Financial advisers will promote AXA's insurance products at 34 post offices in Singapore under a 10-year agreement.
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- April 14 2015
Islamic insurers in UAE eye mergers
Tough new regulations, combined with financial losses and stiff competition in the UAE, are pushing insurance providers to consider mergers.
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- April 9 2015
OneBeacon Insurance Group considering sale
China's Fosun International Group possible bidder.
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- April 9 2015
Bahrain’s largest insurer ups stake in Takaful International
Raises stake to 40.9% making it largest shareholder.
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- April 8 2015
Bank Rakyat Indonesia to acquire local life insurance company
Bank to allocate approximately USD232 million to fund its planned acquisitions.
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- March 25 2015
Asia insurance M&A growing at healthy pace
A report by Clyde & Co says M&A in Asia's insurance industry is growing at a healthy pace.
