Industry M&A

Income Insurance keeping share options ‘open’ after failed Allianz deal

June 26 2025

Former company chair Ronald Ong said shareholders have “persistently, strongly and increasingly requested a viable liquidity option” since Income’s corporatisation.

mas-declines-ex-income-ceos-meeting-request-over-failed-allianz-deal

MAS declines ex-NTUC Income CEO’s appeal for talks on aborted Allianz sale

June 24 2025

The regulator said the failed transaction had already been extensively debated in Parliament.

chris-de-bruin-moves-from-accenture-to-lead-new-acenda-as-ceo

Acenda names Chris de Bruin as its new CEO

June 24 2025

de Bruin brings 25 years of experience in executive roles within the financial services sector across Asia.

warburg-pincus-in-talks-to-sell-10-stake-in-sbi-general-bloomberg-reports

Warburg Pincus in talks to sell 10% stake in SBI General: Report

June 24 2025

Sale of stake would value the insurer at around US$4.5bn.

acenda-and-resolution-life-australasia-appoints-4-new-independent-non-executive-directors

Acenda appoints 4 new Independent Non-Executive Directors ahead of official rebrand

June 19 2025

The four directors are Catherine Dubé and David Stephen from MLC Limited, and Melissa Babbage and Rosheen Garnon from Resolution Life.

United Risk acquires Australian specialty MGA Pinnacle Underwriting

June 19 2025

United Risk says the move for the specialist facultative reinsurance agency places the business among the world’s top five MGAs by size and reach.

accc-seeks-feedback-on-iags-1-35bn-rac-insurance-acquisition

ACCC begins review of IAG’s A$1.35bn RAC Insurance acquisition

June 18 2025

The ACCC will examine the proposed deal’s impact on competition, pricing and service levels in WA's home and motor insurance markets.

Investments weaker yen cushion JGB losses as Japanese life insurers push ahead with overseas growth

Japan's life insurers post record profits, press on with overseas expansion, undeterred by JGB losses

June 17 2025

Investment gains and weaker yen contribute to record core profit, though pressure from rising government bonds is likely to remain.

ACCC clears Allianz Australia’s acquisition of RAA insurance business

June 12 2025

The watchdog says the deal isn’t expected to reduce competition in the market.

Samsung Fire Marine insurance to raise stake in Canopius to 40

Samsung Fire & Marine to raise stake in Canopius to 40%

June 11 2025

Japanese insurer’s latest investment will boost its stake in Canopius from 19% to 40%, marking its third investment in the business.

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