Industry Segments: M&A Page 12 / 65
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- December 28 2022
Chinese broker Fanhua withdraws going-private proposal
The company's broker's founder Yinan Hu had offered to privatise the company in 2021 for US$9.8 per American depository share.
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- December 28 2022
Asian M&A: deals that shaped the market in 2022
The region saw global insurers expanding their grip on South-East Asia, broker consolidation and a PE-backed digital push.
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- December 21 2022
Electric carmaker Nio ramps up brokerage arm with Huiding acquisition
The firm joins peers Byd and Li Auto in expanding their broking arms with China's EV premiums expected to double to US$10bn in 2022.
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- December 19 2022
PE firm leading the race for Aditya Birla Insurance Brokers: report
Samara Capital is reportedly in advanced talks to buy the Indian conglomerate's broking arm for about US$123m.
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- December 19 2022
Regional P&C players bet on Indonesia despite headwinds
The country is seeing a flurry of deals and is expected to overtake Thailand as the largest Asean P&C market.
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- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
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- December 14 2022
Gallagher acquires Aviation Insurance Australia
The aviation broker's MD Ian Tait and his team will stay in Brisbane and report to Paul Harvey, Gallagher's Australia specialisms MD.
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- December 14 2022
India’s LIC and state-owned general carriers could merge for better synergies: Jefferies
Global experience is in favour of composite insurers with benefits in terms of cross-selling, operational synergies and diversification, the report claims.
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- December 13 2022
Aditya Birla Group puts broking arm up for sale: report
India's Aditya Birla Insurance Brokers had placed US$590m in premiums in FY 2021.
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- December 13 2022
Affin sees February 2023 completion for Malaysia Generali mergers
Affin will own 30% of a larger business following the completion of the merger of the three businesses.
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- December 13 2022
Australia broker M&A spree to stay in high gear
Despite a dwindling pool of independents and rising interest rates, international and local players are driving up the competition.
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- December 12 2022
AUB merges New Zealand broking arm with ICIB
ICIB BrokerWeb Insurance and Risk Advisory to be led by ICIB managing director Grant Milne and will be NZ's fifth largest broker.
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- December 11 2022
RACQ exploring ‘long-term partnerships in reinsurance’
The club declined comment on reports of plans to sell its flood-hit insurance business.
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- December 7 2022
Kroll snaps up energy sector valuation consultant AVC
AVC has operations in Thailand and offers technical claims support across APAC.
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- December 6 2022
Gallagher continues M&A push with Brisbane broker buy
Ausure Coast & Country is the seventh Australian acquisition in as many months for the global broker, which says there are more deals 'to come'.
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- December 3 2022
Cornerstone Risk acquires broker PMA Trilogy
This is the third acquisition by the Brisbane-based broker in as many months.
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- December 1 2022
Howden assumes full ownership of Australian subsidiary AlphaXO
The Sydney-based marine specialist, earlier known as FP Marine Risks, has been part of the global broking group since 2007.
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- December 1 2022
Honan Insurance acquires logistics expert ATIA
The Melbourne-based target, which will continue to use its brand, also offers financial and political risk advisory.
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- November 30 2022
Zurich remains ‘open to India opportunities’ as it drops out of Reliance bid
The Swiss carrier had reportedly bid US$465m for the general insurance arm of Reliance Capital in the previous round.
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- November 30 2022
Steadfast-owned Insurance Brands Australia snaps up Victoria broker
The Mattiske & Henderson acquisition is the broker's second deal in two weeks following its Aus Insurance buy earlier this month.
