Industry M&A

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.

Transitional measures give Korean insurers time to strengthen balance sheets

February 14 2024

Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.

cci-greenlights-zurichs-phased-70-stake-purchase-in-kotak-general-insurance

CCI greenlights Zurich's phased 70% acquisition of Kotak General Insurance

February 7 2024

The Competition Commission of India has provided full approval for Zurich's phased acquisition, first announced in November, starting with 51% in 2024, and a further 19% within three years.