Industry Segments: M&A Page 61 / 65
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- August 27 2015
Nippon Life buying smaller rival for US$3.4bn
Japan's second-biggest life insurer is set to acquire Mitsui Life Insurance as it seeks to regain its market position.
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- August 27 2015
Anbang reportedly buying Canadian office tower
The Chinese insurer is said to be conducting due diligence to acquire a 17-storey building in Toronto's financial district.
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- August 24 2015
Bank of China buys majority stake in Samsung life unit
The Chinese lender has paid US$200m for a 51% stake in Samsung Air China Life Insurance.
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- August 21 2015
Four Chinese firms bid for Israel’s Clal Insurance
Four Chinese groups have submitted bids to buy control of Israel's second-biggest insurer.
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- August 21 2015
Fosun and FWD face off over Ageas HK life insurance arm
Final offers from the two companies have been invited and could reach more than US1$bn.
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- August 17 2015
Anbang Insurance leads race to buy Novo Banco
Anbang's US$4.45bn bid to acquire Portugal's Novo Banco is likely to be selected by the Bank of Portugal.
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- August 14 2015
Japan’s growth dilemma continues to drive M&A
Japanese insurers are paying top dollar for US acquisitions, but these deals may be vindicated in the long run.
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- August 14 2015
Willis acquires Taiwan’s Elite Risk Services
Willis has paid an undisclosed sum for the Taiwanese specialist broker, doubling its presence in the country.
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- August 13 2015
Sumitomo to buy Symetra for US$3.8bn
Sumitomo Life has agreed to pay US$3.8bn to buy Berkshire Hathaway-backed Symetra Financial.
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- August 13 2015
Asia boosts Pru’s profit in first half
The British life insurer is sticking to its strategy in Asia after the region helped to boost first-half profits.
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- August 13 2015
Anbang offers US$1bn for Japan’s Simplex
The acquisitive Chinese insurer is seeking to enter Japan's real estate market through an auction.
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- August 11 2015
Sumitomo in M&A talks with Symetra Financial
Japan's fourth-largest insurer is reportedly in talks with Symetra Financial as it seeks to expand overseas.
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- August 7 2015
AIG to focus on consolidating Japan business
Integration of Japan's Fuji Fire & Marine still a work in progress, according to CEO Peter Hancock.
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- July 31 2015
Mitsui Sumitomo buys stake in Sri Lanka’s Ceylinko
Japanese insurer purchases minority stake in one of Sri Lanka's oldest and largest business conglomerates.
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- July 30 2015
Zurich confirms interest in RSA Insurance
Swiss insurer evaluating a potential offer but stresses no assurances that any offer will be made.
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- July 29 2015
China Minsheng to buy Sirius for US$2.2bn
Acquisition of Sirius seen to give support to CMI's efforts to expand in the Bermuda reinsurance sector.
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- July 28 2015
China approves Anbang’s Vivat acquisition
The Chinese insurer will inject US$1.48 billion into Dutch state-owned Vivat as part of the deal.
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- July 27 2015
Japan’s Meiji Yasuda acquires StanCorp for US$5bn
Japanese insurer agrees to acquire all outstanding shares for US$115 per share in cash.
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- July 24 2015
Bigger is better for global insurers
The quest for scale shows no signs of diminishing, according to AM Best, with M&A activity set to continue during the coming months.
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- July 24 2015
Peak Re buys into Caribbean insurer Nagico
The Fosun-backed reinsurer has agreed to buy a 50% stake in Nagico as part of its expansion into non-Asian markets.
