Singapore’s Income Insurance Weighs Partnerships or Stake Sale for APAC Expansion May 24, 2024 By Denise Wee, Elffie Chew and Manuel Baigorri Singapore’s Income Insurance Ltd. is exploring options as it looks to expand across the Asia Pacific region, including possibly tying...
FWD Mulls Options for $10 Billion Insurer After IPO Delay, Sources Say February 15, 2024 By Manuel Baigorri, Vinicy Chan and Elffie Chew FWD Group Holdings Ltd., the Asian insurer controlled by billionaire Richard Li, is considering options including a potential stake sale...
Fosun Said to Revive Sale of Hong Kong’s $1 Billion Peak Re February 9, 2024 By Manuel Baigorri and Elffie Chew Fosun International Ltd. has revived a plan to sell Hong Kong-based Peak Reinsurance Co. after failing on a previous attempt,...
RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources September 22, 2023 By Elffie Chew Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as...
Tokio Marine Weighs Sale of Southeast Asia Life Unit Valued at $1 Billion April 25, 2023 By Manuel Baigorri and Elffie Chew Tokio Marine Holdings Inc. is considering a sale of its life insurance business in Southeast Asia that could be valued...
Zurich Insurance Emerges as Front-Runner to Buy MetLife’s Malaysia Business December 9, 2022 By Elffie Chew and Manuel Baigorri Zurich Insurance Group AG has emerged as the front-runner to buy a majority stake in the Malaysian insurance business of...
Hong Kong Insurer AIA in Talks to Buy Philippine’s MediCard: Sources September 22, 2022 By Manuel Baigorri and Elffie Chew AIA Group Ltd. is in advanced talks to acquire MediCard Philippines Inc., people familiar with the matter said, as the...
Malaysian Central Bank Sets 2023 Cutoff for Foreign Insurer Stake Sales: Sources July 18, 2022 By Elffie Chew Malaysia’s central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures...
Insurance Australia Group, AMMB Seek to Sell Their Malaysian Auto Insurer: Sources April 15, 2020 By Elffie Chew The owners of AmGeneral Insurance Bhd., Malaysia’s second-biggest auto insurer, have restarted a sale process and are seeking as much...
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020 By Elffie Chew, Manuel Baigorri and Vinicy Chan Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses...