The Singapore government has decided that it would not be in the public interest for the proposed S$2.2bn ($1.68bn) sale of a stake in Income Insurance to global insurer Allianz, in its current form, to proceed.
Public Bank, among Malaysia's top three banks, has entered into a conditional sale and purchase agreement with the Estate of the Late Tan Sri Dr Teh Hong Piow and Consolidated Teh Holdings (ConTeh) to acquire a stake in LPI Capital.
The Ardonagh Group, a multi-national independent insurance broking platform, confirms it has completed the acquisition of PSC Insurance Group.
Shareholders of Shin Kong Financial Holding and Taishin Financial Holding have voted to merge their two groups, that would create Taiwan's fourth-biggest financial services group.
Prudential has reached an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited (PZL), its joint venture business in Nigeria, leading to 100% ownership of the latter.
NN Group of The Netherlands has reached an agreement to sell its Turkish operations, consisting of life insurance and pension business, to Zurich Türkiye.
Islamic Arab Insurance (Salama) has pulled out of a deal to acquire part of the general and group life portfolios of Dubai Islamic Insurance and Reinsurance (Aman).
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has announced that PSC Insurance Group's shareholders have voted in favour of its proposed A$2.3bn ($1.6bn) acquisition by Ardonagh.
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.