Italy's global insurer, Generali, has reached an agreement for the sale of its 99.99% stake in Generali Sigorta to several Turkish parties.
Taiwan's financial regulator yesterday rejected a takeover bid by financial conglomerate CTBC Financial Holding for rival Shin Kong Financial Holdings, saying that the latter's plans on how to implement the merger were incomplete.
The global slowdown in M&A activity has been felt in South Africa, with the macroeconomic factors of high inflation, high interest rates, and lower economic growth being the key factors, says the global law firm Clyde & Co.
The drive towards market consolidation and growth in the Middle East has been guided, in no small part, by continually enhancing regulation with a drive to implement more balanced, but also more detailed corporate governance, said global law firm Clyde &Co.
Liva Insurance KSA has appointed SNB Capital as a financial advisor for its proposed merger with Malath Cooperative Insurance Company, according to a statement the former lodged with the Saudi Stock Exchange (Tadawul).
The M&A market in the Asia Pacific (APAC) region has been comparatively resilient in 2024, noted the global law firm Clyde & Co In its "Insurance Growth Report 2024 Midyear Update".
Euclid Transactional, a leading global managing general agent focused on transactional insurance underwriting and claims handling, has launched in the Asia Pacific (APAC) with a company in Singapore.
Dubai-listed Sukoon, the third largest insurer in the UAE, has completed the acquisition of the UAE Life insurance portfolio of Chubb Tempest Life Reinsurance.
Dubai Islamic Insurance and Reinsurance Co (Aman) has said that it "will be taking the necessary steps to protect its interests", after Abu Dhabi National Takaful Company (ADNTC) stated that it had terminated an agreement to acquire Aman's life insurance portfolio.
German global insurer Allianz Group has received approval from regulators in China to move its entire stake in a property insurance joint venture with Chinese e-commerce giant JD.Com to its local unit, a move intended to streamline its operations in China.