APAC Insurance M&A Deals
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
Taishin, Shin Kong approve merger
This creates Taiwan's fourth-largest financial firm
Ardonagh merges PSC’s ANZ operations with Envest
This makes it one of the top privately owned insurance distribution companies in Australia.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition.
Bridge Specialty Int’l completes acquisition of Acorn Int’l
It said the acquisition expands its footprint in Singapore.
Prudential ups stake in Nigerian venture
This increases Prudential's ownership from the 51% stake it acquired in 2017.
PSC shareholders vote for Ardonagh merger
The transaction is expected to close around 11 October.
Income Insurance's risk diversification tempers capital charges
On a stand-alone basis, it is expected to keep a strong business presence in SG.
Howden steps foot into Japan’s retail insurance broking market
It acquired Foresight Holdings.
India gov’t to sell 6.8% stake in General Insurance Corp
The stake will be sold at a floor price of INR395 per share.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
The fourth attempt to sell MG Insurance falls through
KDIC is now looking into private contracts for MG Insurance sale.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
Meiji Yasuda buys Allstate's American Heritage for $2b
The deal is expected to close by the second quarter of 2025.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.