APAC Insurance M&A Deals
Nissay set for growth with $8.2b acquisition: AM Best
Nissay set for growth with $8.2b acquisition: AM Best
Nissay plans to integrate MLC with Resolution Life Australia after the deal.
Talanx to conclude partnership with Meiji Yasuda Life by 2025
Talanx can acquire Meiji Yasuda’s shares in two Polish subsidiaries.
OCBC Hong Kong sells 33% stake in Hong Kong Life
Yue Xiu Enterprises (Holdings) bought the stake from the bank.
Allianz bids Income Insurance 51% takeover goodbye
The move follows changes to the Insurance Act announced last 14 October.
Allianz may drop $1.63b bid for Income Insurance: Report
Sources familiar with the matter told Bloomberg.
Resolution Life acquisition could add $330m to Nippon Life's profit
Fitch views the transaction as credit-positive for Nippon Life.
Nippon Life eyes $8.2b Resolution Life buyout
If finalised, the deal would be the largest overseas acquisition by a Japanese insurer.
Generali leaves Philippine market, InLife swoops 100% shares
The transaction is anticipated to close in H1 2025.
Allianz Australia’s RAA acquisition to boost market position: S&P
Allianz Australia’s capital adequacy is not expected to be affected by this.
Zurich buys AIG travel insurance for $600m
This positions Zurich as one of the world’s largest travel insurers.
Allianz Australia to acquire RAA’s general insurance business
The transaction is expected to be completed by mid-2025.
IAG acquires 90% of RACQ Insurance in $855m deal
The deal is expected to add $1.3b to IAG’s gross written premiums.
Aon to acquire Mitsubishi Chemical Group’s insurance agency
The insurance agency, part of Dia Rix, provides corporate and personal insurance.
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
Allianz-Income merger in limbo as parties weigh new rules
A CEO said there is no guarantee that any transaction will take place.
SG justifies blocking $2b capital withdrawal in Income-Allianz deal
This proposed extraction does not align with the representations made to MCCY.