Industry M&A

Central Bank of India receives RBI approval for insurance JV with Generali

November 25 2024

State-owned bank moves closer to entering insurance sector through joint venture which includes both life and non-life entities.

Swiss Re: India needs to relax FDI rules to close country’s protection gap

November 21 2024

India’s top insurance regulator recently said there was room for more than 70 additional carriers to enter the domestic market.

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APAC M&A activity slows in Q3 as major deals face regulatory challenges

November 21 2024

India, Japan, and South Korea drive regional dealmaking, while Australia sees a sharp slowdown in activity compared to last three quarters.

Allianz, Income still in talks, but "no guarantee" acquisition deal will take place

November 15 2024

Separate exchange filings confirm parties continue to explore deal structure to potentially address Singapore government's concerns.

Envest acquires majority stake in Bendigo Insurance Brokers

November 15 2024

Regional Australian broker's team of 11 to join Envest's Aviso Group network.

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MAS chief explains why capital reduction plan in Income-Allianz deal was blocked

November 14 2024

Inconsistency with previous commitments was behind rejection of a proposed SG$1.85bn (US$1.38bn) capital reduction says MAS Chairman and Deputy PM Gan Kim Yong.

Maybank considering strategic options for Etiqa - report

November 13 2024

Malaysia's largest bank reportedly evaluating options enhance the value of the insurer, including a buyout of Ageas's 31% stake and changes to bancassurance.