Shin Kong Financial Holding has agreed to merge with a smaller rival in a deal that sets up a takeover battle for Shin Kong with another suitor, CTBC Financial Holding Co, reports Bloomberg.
Mumbai-headquartered Central Bank of India (CBI), a state-owned bank, is the successful bidder for the acquisition of a stake in the life and general insurance units of debt-ridden Future Enterprises Ltd (FEL).
AUB Group, which is placed by AM Best's Review on the "Top 20 Global Brokers 2024" list, has agreed to acquire an 80% equity stake in the Movo Group of Companies (Movo).
Gulf Union Al Ahlia Cooperative Insurance Company signed a non-binding Memorandum of Understanding (MOU) with Gulf General Cooperative Insurance Company 7 August 2024 to evaluate a potential merger between the two companies.
Taiwanese financial conglomerate CTBC Financial Holding said yesterday that it would invest in peer Shin Kong Financial Holding, following a media report that it was seeking to take over Shin Kong, reported Reuters.
Solidarity Bahrain, a leading insurer in the kingdom, has announced that it has successfully completed the merger of Al Hilal Life and its subsidiary Al Hilal Takaful following regulatory approvals from the Central Bank of Bahrain and other relevant parties.
Meiji Yasuda Life Insurance Company has announced that its US subsidiary StanCorp Financial Group has reached a $2-bn agreement with The Allstate Corporation, a major US property and casualty insurance company.
Bahrain National Holding (BNH) has received a binding offer from Solidarity Group Holding for the acquisition of 100% of its wholly-owned insurance subsidiaries, BNH says in a stock exchange statement.
Insurance giant Life Insurance Corporation (LIC) is looking to acquire a majority stake in a health insurance company during the current financial year ending 31 March 2025, LIC managing director and CEO Siddhartha Mohanty said.
The insurance market in Bahrain needs more mergers or acquisitions between insurance companies, and even between reinsurance companies, Mr Jawad Mohammed, chairman of Bahrain Insurance Association, has said.