Allianz Maroc has reached an agreement for the acquisition of several insurance product distribution outlets by Wafa Assurance, according to SanlamAllianz, the parent company of Allianz Maroc.
The Saudi Insurance Authority has approved the proposed merger between The Mediterranean and Gulf Insurance and Reinsurance Company (MedGulf) and Buruj Cooperative Insurance Company.
Tysers Insurance Brokers, a leading international Lloyd's broker, has formed a strategic partnership with Ronesans Reinsurance & Insurance Brokerage (Ronesans), one of Türkiye's foremost insurance brokerages.
Sompo Holdings, Inc. (Sompo) has entered into a merger agreement with Aspen Insurance Holdings (Aspen), where it will acquire 100% of Aspen's issued Class A ordinary shares for $3.5bn.
On August 19, Chinese media reported that Dajia Insurance had in July completed the transfer of its stakes in South Korea's Tongyang Life Insurance and ABL Life Insurance to Woori Financial Group.
Saudi Enaya Cooperative Insurance Company (Enaya) and Salama Cooperative Insurance Company (Salama) have announced that they have entered into a binding merger agreement.
FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc (Mercantile), two of the largest non-life insurance providers in the Philippines have announced their definitive agreement to merge.
Sohar International Bank (SIB) has disclosed that it had applied to the Central Bank of Oman (CBO) for in-principle approval to make a non-binding offer for a stake of up to 100% in Insurance House (Bima).
AXA China Region Insurance (Bermuda) has entered into a cooperation agreement with Hainan Boao Lecheng administration to jointly explore innovative medical insurance models and leverage the top-tier medical resources.
Japanese life insurer, Japan Post Insurance has partnered with global investment firm KKR to invest $2bn in a new vehicle sponsored by Global Atlantic.