Industry M&A

allianz-makes-offer-to-acquire-majority-stake-in-singapores-income-insurance

Allianz CEO anticipates double-digit ROI from Income Insurance acquisition

August 13 2024

CEO Oliver Baete sees growth opportunities in underwriting, claims, and product design, and emphasises acquisition is a partnership, "not a sellout."

Meritz Fire confirms participation in MG Insurance acquisition race: Reports

August 12 2024

The company joins Dayli Partners and JC Flowers in the fourth preliminary bid for MG Non-Life Insurance, which is set for Thursday.

lic-ceo-confirms-insurer-looking-to-enter-health-insurance-sector-via-acquisition

LIC CEO confirms interest in entering health insurance sector via acquisition

August 12 2024

MD & CEO Siddhartha Mohanty says LIC India seeks to acquire a standalone firm for its foray into health insurance “rather than set up a vertical.”

Hiscox terminates DirectAsia sale to Ignite Thailand

August 8 2024

The London-listed specialty insurance company revealed that it is now “exploring other options.”

MAS defends Allianz-Income Insurance deal

August 7 2024

MAS plays down concerns about deal's impact on competition and insurance affordability in Singapore.

woori-to-acquire-tongyang-and-abl-life-from-chinas-dajia-insurance-group-report

Woori Financial signs MoU to acquire Tongyang and ABL Life Insurance - report

August 6 2024

Woori is now conducting due diligence on potential acquisition which would see it become the sixth largest life insurer in South Korea.

korean-life-and-non-life-insurers-struggle-to-finalise-mampa-deals

High valuations stall insurance industry M&A in Korea

August 2 2024

The country’s life and non-life M&A market continues to stagnate despite broader economic deal-making activity.

Suncorp transitions to dedicated trans-tasman insurer following completion of bank sale

July 31 2024

The AU$4.9bn (US$3.2bn) sale to ANZ means the group can deliver greater value to its customers and shareholders, said Group CEO Steven Johnston.

ardonaghs-bid-to-acquire-psc-is-apacs-largest-insurance-mampa-deal-in-q2

Ardonagh's bid to acquire PSC is APAC's largest Q2 insurance M&A deal

July 26 2024

ANZ dominates M&A activity in Q2, highlighted by AU$2.26bn (US$1.49bn) acquisition of Australia's PSC Insurance.

Allianz will need to justify purchase price of Income Insurance: Analysts

July 24 2024

Deal aligns with German insurer's strategy and will increase Asia revenue by 53%, but analysts say purchase price seems steep.

income-insurance-and-allianz-in-talks-over-potential-deal

Allianz's acquisition of Income unlikely to alter Singapore market says Fitch

July 22 2024

Income's market-leading position in non-life market will be strengthened, but life segment will continue to be dominated by established players, says Fitch.

Proposed sale of South Korea's MG Non-Life Insurance fails for third time - report

July 22 2024

Sale halted once more after failing to secure concrete interest from enough bidders.

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