APAC Insurance M&A Deals
The fourth attempt to sell MG Insurance falls through
The fourth attempt to sell MG Insurance falls through
KDIC is now looking into private contracts for MG Insurance sale.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
Meiji Yasuda buys Allstate's American Heritage for $2b
The deal is expected to close by the second quarter of 2025.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
DUAL expands portfolio with W&I insurance offering
It will be led by Jordan Schwarz.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
NTUC Enterprise, Income Insurance defend Allianz deal amidst stakeholder concerns
Suee Chieh Tan claimed that NTUC Enterprise raised its stake in the co-operative.
Prudential's growth outlook dims with Malaysian stake adjustment
This development reduces Prudential’s IFRS equity by nearly 5%.
Allianz acquisition aims to enhance Income Insurance's capabilities: NTUC Enterprise
The Singaporean insurer needs strong and continuous capital support.
Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise
It will still participate in national insurance programmes with the CPF Board.
Allianz’s acquisition won’t have impact on market: Fitch Ratings
This deal will make it the largest property and casualty insurer in Singapore.
Deal boosts Allianz to top ranks in Singapore’s market
Allianz’s Solvency II ratio is expected to reach 203% in Q1 2024.
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
India's M&A insurance market sees competitive shift
Value of deals surged by 60% to $20b in Q1 2024.
Suncorp pivots to insurance industry after approval of bank sale
Post-acquisition, Suncorp aims to prioritise insurance needs.
Zurich Insurance to boost India workforce by 40%
This is equivalent to 600 employees.
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