QBE Insurance Group has completed the acquisition of full ownership of Raheja QBE General Insurance Company following regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Private equity firm, Adenia Partners, has acquired a majority stake in Minet Group, one of Africa's largest independent insurance brokerage and risk advisory firms. The stake was acquired from Capitalworks.
SBI Life has signed a MOU with the Indian Institute of Technology, Mumbai to establish a joint research and innovation centre dedicated to building India's own deep-technology defences for the insurance sector.
HDI Sigorta has signed a share transfer agreement for the transfer of its wholly-owned takaful subsidiary, HDI Katilim Sigorta, to Aydin Group.
Bupa is set to acquire Partnered Health Group and its network of integrated healthcare services as part of its goal to improve access to high-quality healthcare and support Australia's health system.
Multidisciplinary forensic and technical consultancy Halliwell has strengthened its presence in the Asia-Pacific (APAC) region with the acquisition of ExcelPlas, Australia's leading polymer specialist.
State-Owned Enterprises Management Agency (BP BUMN) and sovereign wealth fund Danantara Indonesia are targeting completion of the consolidation of state-owned insurers under the auspices of the Indonesia Financial Group (IFG) by the end of this year.
The Indian government will divest 5% equity in GIC Re through an offer-for-sale (OFS) for non-retail investors and retail investors this week.
Allianz SE has emerged as the frontrunner in the sale of HSBC's Singapore insurance business, with a potential transaction valued at up to $2bn, according to a Bloomberg report citing people familiar with the matter.
Australian insurance broker Steadfast Group has received an indicative takeover proposal from US specialty insurance distributor Amwins Group Inc and private equity firm Dragoneer Investment Group. The announcement triggered a record 36% jump in the company's share price.