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...
Swiss Re-Backed Insurer FWD Eyes China Expansion Ahead of Potential IPO July 31, 2019 By Sumeet Chatterjee Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its...
Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources May 28, 2019 By Kane Wu, Sumeet Chatterjee and Julie Zhu Alibaba is considering raising as much as $20 billion through a listing in Hong Kong, people familiar with the matter...
Foreign Insurers Eye China’s $1.6 Trillion Private Pension Business April 12, 2019 By Sumeet Chatterjee and Alun John Foreign insurers including Generali and Prudential Plc are in early talks with authorities to enter China’s private pensions sector, people...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures March 27, 2019 By Alun John and Sumeet Chatterjee Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong...
Japan Insurers Eye China Acquisitions in Continuation of Overseas Deal Spree February 4, 2019 By Sumeet Chatterjee and Taiga Uranaka Japanese insurance companies have spent more than $50 billion on acquisitions over the past five years to become the world’s...
Hong Kong M&As Slump in 2018 with Insurance Sector Deals Hardest Hit November 28, 2018 By Sumeet Chatterjee and Kane Wu Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as...
China Eyes Allowing Foreign Insurers to Own Local Joint Ventures: Sources November 19, 2018 By Sumeet Chatterjee and Shu Zhang China will accept applications early next year from foreign insurers seeking to take control of their local joint ventures and...
Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources August 28, 2018 By Sumeet Chatterjee and Liz Lee Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as...
China’s Anbang to Sell Overseas Properties Worth $10B in Ongoing Rescue: Sources July 19, 2018 By Sumeet Chatterjee and Julie Zhu China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its...