Singapore Exchange Looks to Tap Into SPAC Trend by Relaxing Rules September 2, 2021 By Anshuman Daga Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures...
Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources September 24, 2019 By Sumeet Chatterjee and Anshuman Daga German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of...
Singapore Ride-Hailing Firm Grab Eyes Spin-Off of Financial Services Unit: Sources May 8, 2019 By Anshuman Daga and Kane Wu Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial...
Malaysia Likely to Review Rules Requiring Cut in Foreign Insurance Ownership: Sources June 12, 2018 By Sumeet Chatterjee and Anshuman Daga Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a...
Insurance Australia Group Plans to Sell Troubled SE Asian Businesses: Sources April 20, 2018 By Sumeet Chatterjee and Anshuman Daga Insurance Australia Group is set to sell its four Southeast Asian businesses in deals that could be valued at about...
Malaysia’s Maybank Plans to Spin Off Etiqa Insurance Unit: Sources April 18, 2018 By Anshuman Daga and Liz Lee Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, is preparing to spin off and list its Etiqa insurance arm on the...
China’s Ant Financial Targets at Least $8B in Investor Funding: Sources April 11, 2018 By Julie Zhu and Anshuman Daga China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion,...
Citi’s Head of Insurance Investments Named COO of Ping An Fintech Fund: Sources October 24, 2017 By Anshuman Daga and Kane Wu Citigroup’s Asia head of insurance investment banking Donald Lacey is leaving the bank to become the chief operating officer of...
Mitsui Sumitomo Buys Singapore’s First Capital Insurance from Fairfax for $1.6B August 24, 2017 By Anshuman Daga and Naomi Tajitsu Mitsui Sumitomo Insurance Company (MSI) is acquiring Singapore’s First Capital Insurance for $1.6 billion from Canada’s Fairfax Financial Holdings, in...
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source March 28, 2017 By Anshuman Daga Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets,...