Industry M&A

woori-financial-receives-regulatory-approval-to-acquire-tongyang-life-and-abl-life

Woori Financial receives conditional regulatory approval to acquire Tongyang Life, ABL Life

May 5 2025

Decision follows months of review and includes oversight to ensure Woori implements internal reform and capital plans.

South Korea's Hanwha General Insurance increases stake in Carrot to 98.3%

May 1 2025

Hanwha increases its stake in the digital non-life insurer from 88.3% with KRW 205.6bn (US$144.43m) share acquisition.

Bajaj Group moves to buy out Allianz’s 26% stake in Indian insurance JV for US$2.9bn

April 30 2025

Bajaj Finserv seeks CCI approval to take full control of the general insurance and life entities.

accc-sets-new-date-for-iag-racq-allianz-raa-insurance-acquisitions-review

ACCC sets new date for IAG-RACQ, Allianz-RAA acquisition findings

April 29 2025

Watchdog sets 22 May as provisional date to announce final decisions or release statements about concerns.

india-to-table-fdi-cap-bill-in-upcoming-monsoon-session-reports

India to put forward FDI cap bill in Parliament during upcoming monsoon session: Reports

April 28 2025

Authorities first announced plans to raise the FDI cap in November.

south-koreas-kyobo-life-to-secure-majority-stake-in-sbi-savings-bank-reports

South Korea’s Kyobo Life set to secure majority stake in SBI Savings Bank: Reports

April 25 2025

Insurer's planned acquisition marks its strategic shift towards being a more diversified financial services holding company.

Carlyle-backed Ignyte Insurance launches global specialty platform

April 25 2025

Formed after the sale of NSM’s US commercial division, Ignyte now manages over US$650m in premiums in niche specialty segments across the US, Europe, and Australia.

msad-to-invest-5bn-to-double-north-american-profits-as-it-eyes-market-leadership

MS&AD to invest $5bn to double North American profits: Report

April 23 2025

CEO Shinichiro Funabiki tells Bloomberg the insurer is looking to bolster its overseas business to address headwinds in Japan.

MNRB considers takaful sale amid renewed interest: Report

April 22 2025

The potential sale has reportedly attracted interest from local banks and global insurers eyeing Malaysia’s takaful market.

Fitch Upgrades Shin Kong Life's National IFS Rating to 'A+' with a positive outlook

April 18 2025

Upgrade, positive outlook driven by profit turnaround, improved capitalisation under TW-ICS, and upcoming strategic merger with Taishin Life.

SBI to increase Kyobo Life stake, crossing 20% threshold: Report

April 17 2025

Following the transaction the company will be the insurer’s largest shareholder aside from its chairman.

markel-group-to-acquire-marine-mga-meco-group

Markel to acquire marine MGA MECO

April 16 2025

Markel set to strengthen its marine insurance offerings, enhancing its presence in Asia Pacific and Europe.

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