Articles by Elffie Chew, Manuel Baigorri and Joyce Koh

Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources

ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. The company’s owners, which include Temasek Holdings Pte …

Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit

Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the …

Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources

Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said. UOB has been soliciting ideas from …

Hong Kong Insurer FWD Group Eyes Singapore Listing

Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said. FWD is discussing with advisers the …

China’s Anbang Insurance Eyes Sale of Fidea, as 1st European Divestment: Sources

Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer’s first European divestment since it was seized by the government. Beijing-based Anbang has …

Bank Danamon Indonesia’s Insurance Unit ‘Attracts Interest’ From Foreign Suitors

PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake in its insurance subsidiary, people familiar with the matter said. Jakarta-based Danamon is working with an adviser as it weighs …

China’s Shenzhen Qianhai Reported to Be Buying Singapore Reinsurer ACR Capital

Shenzhen Qianhai Financial Holdings Co. is close to an agreement to buy ACR Capital Holdings Pte, a reinsurer backed by Singapore’s Temasek Holdings Pte, for about $1 billion, according to people with knowledge of the matter. A deal may be …

UK’s Aviva to Hire JPMorgan’s Singh to Head Global M&A, Source Says

Aviva Plc hired Chetan Singh, a managing director at JPMorgan Chase & Co., to head its mergers and acquisitions globally as the British insurer scouts for deals outside its home market. Singh, who led dealmaking for financial institutions in Southeast …

Allianz, AXA Bid for Rights to Sell Products via StanChart Outlets in Asia: Sources

Allianz SE, Europe’s biggest insurer, and France’s AXA SA were among first-round bidders for the rights to distribute general insurance products through Standard Chartered Plc outlets in Asia, according to people with knowledge of the matter. A unit of MS&AD …

Malaysian Sovereign Fund Weighs Bid for Insurance Unit of Hong Leong Financial

Khazanah Nasional Bhd., the $27 billion Malaysian sovereign fund, is weighing a bid for control of the insurance operations of billionaire Quek Leng Chan’s Hong Leong Financial Group Bhd., people with knowledge of the matter said. Khazanah is considering an …