APAC Insurance M&A Deals
Ardonagh merges PSC’s ANZ operations with Envest
This makes it one of the top privately owned insurance distribution companies in Australia.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition.
Bridge Specialty Int’l completes acquisition of Acorn Int’l
It said the acquisition expands its footprint in Singapore.
Prudential ups stake in Nigerian venture
This increases Prudential's ownership from the 51% stake it acquired in 2017.
PSC shareholders vote for Ardonagh merger
The transaction is expected to close around 11 October.
Income Insurance's risk diversification tempers capital charges
On a stand-alone basis, it is expected to keep a strong business presence in SG.
Howden steps foot into Japan’s retail insurance broking market
It acquired Foresight Holdings.
India gov’t to sell 6.8% stake in General Insurance Corp
The stake will be sold at a floor price of INR395 per share.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
The fourth attempt to sell MG Insurance falls through
KDIC is now looking into private contracts for MG Insurance sale.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
Meiji Yasuda buys Allstate's American Heritage for $2b
The deal is expected to close by the second quarter of 2025.
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
DUAL expands portfolio with W&I insurance offering
It will be led by Jordan Schwarz.
MAS confirms no competitive concerns with Allianz deal
Income's market share in life and general insurance is less than 10%.
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