APAC Insurance M&A Deals
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
Insurers holding more than 15% shares must integrate the company as a subsidiary.
4 days ago
Allianz to sell 26% stake in Bajaj insurance units for $3b
The stake will be acquired by the Bajaj Group.
6 days ago
Arthur J. Gallagher & Co. acquires Philinsure
Gordon Joseph and his team will continue to lead operations.
APAC insurance M&A drops 25% as firms focus on organic growth
Globally, M&A activity hit a 16-year low in 2024.
Aon acquires Mitsubishi Chemical's insurance agency business
The deal adds 100 new employees to Aon in Japan.
Chubb buys Liberty Mutual’s P&C businesses in Thailand, Vietnam
Terms of the deal were not disclosed.
Great Eastern reduces stake in Boost Holdings
This was a result of an increase in BHSB's issued and paid-up share capital.
Asteron Life to strengthen Resolution Life: Fitch Ratings
Asteron Life will form the second-largest life insurer in the country by premium.
Evergreen Partners takes minority stake in Delta International
The transaction took effect last 18 February.
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
360 ONE Asset buys 15% of Bharti AXA
Which is expected to boost its market presence in India.
This week in Insurance: Meiji Yasuda’s $2.3b deal, Allianz eyes RAC, and regional growth gains
Taiwan, Singapore, and the Philippines recorded positive market growths.
Allianz, IAG eye RAC insurance acquisition
The insurer has engaged Barrenjoey to conduct a strategic review of the business.
Meiji Yasuda plans acquisition of US-based Banner Life
The sale is estimated at $2.3b.
Suncorp completes sale of Asteron Life to Resolution Life
Suncorp received $141.8m plus the estimated excess capital.
Great Eastern, AmMetLife cancel acquisition plan
The plan was initially signed in 2023.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
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1. Bajaj Allianz launches exclusive insurance for women 2. Manulife unveils plans with up to 400% critical illness payouts 3. Allianz to sell 26% stake in Bajaj insurance units for $3b 4. Singapore general insurance increases 6.3% YoY in 2024 5. Prudential net profit rises 41.1% to $2.4b in FY 2024Resource Center
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