APAC Insurance M&A Deals
Asia-Pacific’s 2024 deal activity ‘sluggish’
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
19 hours ago
360 ONE Asset buys 15% of Bharti AXA
Which is expected to boost its market presence in India.
23 hours ago
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.
6 days ago
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.
Japanese trading house acquires 20% of Thaivivat Insurance
The transaction is expected to finish by February.
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.
Commentary
Ageing populations and rising mortality main concerns for life insurers and reinsurers