Industry M&A

allianz-iag-to-vie-for-acquisition-of-western-australias-rac-report

IAG to acquire RAC Insurance in A$1.35bn deal with 20-year distribution agreement

May 15 2025

Deal is expected to add around A$1.5bn (US$965m) in GWP to IAG’s portfolio.

india-may-revive-merger-of-state-run-general-insurers-amid-push-for-sector-reform

India may revive merger of state-run general insurers: Report

May 9 2025

The merger would create the largest general insurer as state-run insurers face declining market share.

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.

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