APAC Insurance M&A Deals
AXA sells AXA IM to BNP Paribas in $6.34b asset deal
AXA sells AXA IM to BNP Paribas in $6.34b asset deal
AXA Philippines said there will be no changes to its investment-linked life insurance funds.
Oona Insurance eyes M&A to boost earnings
Stricter capital rules are pushing weaker players out of the Philippine market.
Aon reports $1.75b in M&A insurance claims globally
APAC saw a rise in Warranty & Indemnity policies last year.
Ardonagh acquires Apex Insurance to expand footprint in Asia
The acquisition adds to Ardonagh’s existing regional operations under PSC HK Insurance Group.
Howden acquires 68.3% stake in Kyoto-based Holos Holdings
The group now employs more than 450 people since entering the market in 2024.
Allianz Australia cements South Australia growth via RAA deal
About 300 RAA employees have joined Allianz.
Income Insurance defends failed Allianz deal as capital boost
Chariman Ong also announced his decision to step down after seven years.
MAS responds to Tan’s letters on Allianz-Income deal process
The insurer did not submit an application for capital reduction.
AIA and Aegon win approval for asset firms in Shanghai
The approvals were announced by Li Yunze, director of the NFRA.
Canopius sells 21% stake to Samsung Fire & Marine Insurance
This marks SFMI’s third investment in Canopius.
Asia M&A buyers to boost use of R&W insurance in 2025
45% of respondents foresee a notable increase in the use of deal insurance.
IAG secures RAC Insurance and 20-year distribution rights
The transaction is expected to complete in the first half of calendar year 2026.
Markel announces acquisition of marine insurance specialist MECO Group
Markel plans to leverage MECO’s presence in APAC.
Hannover Life Re to acquire Swiss Re’s direct life portfolio
The transaction is expected to be completed within 18 months.
Dai-ichi Life acquires 15.1% stake in Challenger for $560m
It plans to acquire through its Australian subsidiary.
Insurance M&A expected to rebound in 2025 with investor confidence
Asia may see more inbound M&A, driven in part by currency advantages for US buyers.
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
The merged entity could equate to the Japanese insurer holding the top market share.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator