The NEXROC Group has announced plans to launch tender offers for two publicly listed life insurance companies, one in the United States and one in Australia.
South African financial services group Sanlam, acting through its subsidiary Sanlam Life, has made a cash offer to buy out all ordinary shares of Santam that it does not already own, turning its majority ownership of the company to full ownership, according to a joint stock exchange statement issued by Sanlam and Santam.
Zurich Insurance Group has acquired Beazley, to create the world's largest specialty insurance business.
Hanwha Life Insurance has expanded its financial services portfolio by acquiring Acuon Capital for KRW440bn ($325.4m).
WTW, a leading global advisory, broking and solutions company, has received the required regulatory approvals for the change in ownership of Al-Futtaim Willis (AFW), enabling WTW to wholly own the business in the UAE and Bahrain.
Liberty Mutual Insurance has appointed Mr Shaun Sinniah as Head of Capital Solutions for Global Risk Solutions (GRS). This newly created role supports GRS's strategy to strengthen the connection between its risk and capital capabilities.
Turaco, a micro-insurance provider in Africa, has received an investment from Inclusive Insurance Investment Fund (3IF Ventures). This represents the venture capital fund's first investment, the details of which have not been disclosed.
Qatar Insurance (QIC), the leading insurer in Qatar and one of the largest across the Middle East and North Africa (MENA), has strengthened its partnership with Africa Specialty Risks (ASR) by investing in the latter.
Moody's Ratings has said that it expects moderate growth in global Islamic insurance premiums over the next two to three years.