The IRDAI has approved the acquisition of bankrupt Reliance Capital's life, general, and health insurance units by the conglomerate, the Hinduja Group, moving the group closer to finalising its deal for the insurers.
Oversea-Chinese Banking Corporation (OCBC), one of Singapore's biggest banks, has announced a S$1.4bn ($1.03bn) voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings that it does not currently own.
The Ardonagh Group, one of the world's largest independent insurance broking platforms, has entered into a Scheme Implementation Deed (SID) to acquire all of the issued ordinary shares in PSC Insurance Group.
The Nasco Insurance Group, an international group that specialises in direct and reinsurance broking, has acquired the retail insurance broking company, Crescent Global Insurance Services (Crescent).
Fusion Specialty has appointed to its M&A team in London Mr Alexander Mackay as partner and Mr Tom Hopkins as associate.
Arthur J Gallagher & Co has announced the acquisition of Melbourne-based Health Insurance Consultants Australia (HICA). The terms of the transaction were not disclosed.
Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines (MAAGAP) from MAA Group.
A majority stake in Lotte Insurance, South Korea's seventh biggest non-life insurer, has been placed for sale for over KRW2tn ($1.45bn).
Chedid Capital has announced the acquisition from the Husson Family of the remaining 20% stake in Groupe Ascoma, sub-Saharan Africa's leading independent brokerage network.
The Reserve Bank of New Zealand (RBNZ) has approved a proposal to transfer the operations and insurance portfolio of Accuro Health Insurance Society (Accuro) to Union Medical Benefits Society (UniMed), according to a statement posted on the website of UniMed.