APAC Insurance M&A Deals
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
2 days ago
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
2 days ago
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
2 days ago
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.
Howden acquires Storfield to boost Hong Kong operations
Its CEO is Victoria Lau.
Allianz SE mulls exit from Bajaj Insurance joint ventures
Bajaj Finserv holds a 74% stake in both joint ventures.
Swiss Re sells iptiQ's European P&C unit to Allianz Direct
This move brings over 130,000 iptiQ customers into Allianz Direct's portfolio.
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.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
