Industry M&A

kdb-life-insurance-sales-process-halted-as-kdb-seeks-higher-valuation-report

KDB Life sales process halted as KDB seeks higher valuation - report

March 28 2024

The Korea Development Bank (KDB) will take full ownership of the life insurer, marking latest phase in ongoing sales saga.

nippon-life-says-overseas-acquisitions-are-key-to-ambitious-plans-to-double-profits-by-2035

Overseas acquisitions key to Nippon Life's ambitious plan to double profit by 2035

March 22 2024

Nippon plans to double core operating profit to JPY1.4 trillion (US$9.25bn), with plans for significant expansion of overseas business.

Tokio Marine earmarks $10bn for global acquisitions - report

March 21 2024

Japanese insurance giant patiently eyeing potential opportunities, including in APAC while also looking to grow commercial lines.

Sumitomo Life acquires full ownership of Singlife

March 18 2024

Full acquisition, first announced in December, has been finalised, valuing Singlife at SG$4.6bn (US$3.44bn)

fwd-group-secures-majority-ownership-in-fwd-takaful-berhad-with-21-share-acquisition

FWD Group secures majority ownership in FWD Takaful with 21% share acquisition

March 11 2024

FWD Group's strategic investment boosts ownership of FWD Takaful Berhad to 70%, as insurer moves to strengthen its position in the Malaysian market.

Insurtech Sunday acquires 99% stake in Indonesian general insurer PT KSK

March 11 2024

Sunday's annual revenue set to surpass US$100m following acquisition.

APAC insurance M&A activity down 13.6% in 2023 amid global slump

February 29 2024

India the outlier across Asia Pac as deal making numbers fall in most regions, off the back of geopolitical and macro uncertainty.

Bandhan Financial Holdings finalises acquisition of Aegon Life

February 27 2024

The acquisition, first announced in July 2023, has been finalised, marking BFHL strategic entry into insurance.

Zurich opts for 70% upfront stake purchase of Kotak General

February 23 2024

Kotak Mahindra Bank announced Zurich's revised plan to acquire 70% stake in single transaction, altering the initial phased acquisition strategy.

Australian Competition Tribunal approves ANZ's acquisition of Suncorp's banking business

February 20 2024

Tribunal overturns ACCC's decision, paving way for AU$4.9bn (US$3.2bn) acquisition, with Group CEO commenting the move will significantly strengthen Suncorp's ability to meet evolving insurance needs.

Pacific Century Group says Richard Li to maintain control of FWD amid stake sale rumours - reports

February 19 2024

Parent company issued statement expressing Li's confidence in long-term development, but declined to comment on speculation regarding a stake sale.

Gallagher Australia acquires mining sector specialist Ansin Insurance Brokers

February 19 2024

Acquisition of the Perth-based broker is Gallagher's first M&A activity of the year.

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