Allianz to achieve 2019 target after Q2 profit up 13.5%
The net profit of €2.14 billion on a revenue of €33.2 billion is much better than what was estimated by analysts...
Category : Insurance
Several rivals interested in $2.75 bn Aviva Asia insurance unit
Aviva is in talks with a financial adviser regarding the possible sale and a formal process could begin in the fourth quarter...
Malaysia approves RHB Bank insurance sale to Tokio Marine
The merger between insurance arm of RHB Bank and Tokio Marine is set to create the second largest general insurer in the country...
Japan Post Insurance admits to fraudulent practices, shares sink
Shares were recorded at a 6% low, wiping $1.1 bn off its market value...
Barclays Life Kenya cleared to acquire First Assurance’s insurance unit
IRA’s clearance paves the way for the transfer of 100 corporates in First Assurance’s life portfolio...
FWD Group buying Siam Commercial Bank’s insurance unit for $3 bn
The deal is Southeast Asia's largest insurance M&A deal as the region continues to attract foreign insurers...
IAG to sell its 26% SBI General Insurance stake; PE investors line up
According to reports, six private equity funds are interested in acquiring the SBI's stake as IAG looks to complete Asia exit...
AIA to invest $58mn in Philam Life to boost Philippines life insurance
The funding will be used to hire and train 5,000 full-time financial advisors who possess basic industry knowledge...
Dewa M-Station project is the largest power and desalination plant in UAE
The project’s extension in Jebel Ali cost Dh1.527 billion and has new generating units with a total capacity of 700MW...
Allianz buys 19.21% stake in Thailand’s Sri Ayudhya Capital for $95 million
The acquisition will benefit local customers and reflects Allianz’s strategy to strengthen its presence in Thailand...