Industry M&A

meritz-fire-named-as-latest-preferred-bidder-for-mg-insurance-acquisition-reports

Meritz Fire selected as leading bidder for latest MG Insurance sale attempt - reports

December 10 2024

Acquisition marks the fifth attempt to secure a buyer for the firm amid financial and regulatory issues.

generali-to-sell-philippines-life-unit-to-inlife

Generali exit Philippine life market with sale to InLife

December 5 2024

Completion of 100% stake sale is anticipated in the first half of 2025, pending regulatory approvals.

Zurich completes acquisition of AIG’s global personal travel business

December 4 2024

Zurich completes US$600m acquisition and will merge Travel Guard into newly formed Zurich Cover-More brand.

allianz-australia-to-acquire-raas-insurance-business

Allianz Australia's RAA acquisition strengthens top four market position: S&P

December 4 2024

Deal will not impact capital adaqeucy, with Allianz set to fully fund AU$642m (US$417m) RAA acquisition, says rating agency.

IAG eyeing further M&A activity in Australia and New Zealand

December 4 2024

CEO Nick Hawkins signals readiness for further M&A activity, just a week after IAG announced it had agreed to acquire RACQ's insurance underwriting business.

Gallagher acquires Hann Insurance Brokers in Australia

December 3 2024

The NSW-based commercial P&C brokerage specialises in transportation, with a focus on on heavy transport.

Allianz Australia to acquire RAA’s insurance business

December 2 2024

(Re)in Summary • Allianz Australia has partnered with the Royal Automobile Association of South Australia (RAA) in an AU$642m (US$417.2m) deal, acquiring RAA’s general insurance business,...

regulatory-approval-uncertain-for-iags-acquisition-of-racq-say-analysts

Regulatory approval a hurdle for IAG's acquisition of RACQ insurance business, say analysts

December 2 2024

Analysts say deal will face close scrutiny from the ACCC due to potential concerns around market concentration in Queensland's insurance segment.

LIC eyes ManipalCigna stake for health insurance entry - report

November 28 2024

State-owned insurer is reportedly considering up to a 50% stake as part of its strategic move into health.

IAG to acquire 90% of RACQ's underwriting business

November 28 2024

AU$855m (US$555m) deal includes a 25-year distribution agreement, with an option for IAG to purchase the remaining 10% underwriting business in two years.

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