Industry M&A

MAS reiterates personal data regulations in Allianz-Income deal

August 22 2024

The central bank addresses concerns about customer data management in the high-profile insurance deal.

proposed-sale-of-south-koreas-mg-non-life-insurance-fails-for-third-time

Sale of MG Insurance fails for fourth time - report

August 20 2024

Sources reveal that the KDIC is now looking to move forward with the sale via private contacts.

central-bank-of-india-nears-stake-acquisitions-deal-for-future-generali-india-entities-report

Central Bank of India nearing stake acquisitions for Future Generali India businesses: Report

August 20 2024

Sources say the bank is considering a 25% stake in Future Generali India Insurance and a 33% stake in Future Generali India Life.

Australia's AUB Group expands UK footprint with 80% stake in Movo Group

August 19 2024

The acquisition, which includes Movo's extensive AR network and insurance technology platform, strengthens AUB Group’s footprint in the UK and builds on its previous investments in the region.

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

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.

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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.

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