Singapore-headquartered global InsurTech bolttech has announced that it has acquired mTek, a digital insurance platform based in Kenya. This move advances bolttech's strategic goals in East Africa and enhances its global embedded insurance capabilities.
DB Insurance has moved closer to making the largest US market entry by a Korean non-life insurer, after shareholders of Tiptree, a US investment management firm, approved the planned merger of specialty insurer Fortegra and a wholly owned DB subsidiary.
Gallagher Re has announced that it has signed an agreement to acquire South Africa based reinsurance brokerage Resilea, the largest independent reinsurance broker in South Africa.
Manulife Financial Corporation, via its direct subsidiary The Manufacturers Life Insurance Company, has reached an agreement to sell MVI Life to Asahi Mutual Life Insurance Company (Asahi Life).
The central government, following its banking sector consolidations, is now preparing to merge insurance companies.
International marine insurer Allianz Commercial and leading Managing General Agent (MGA) Coastal Marine Asia Underwriting are teaming up to extend their marine hull insurance portfolio throughout the Asia-Pacific.
Japan's Mitsui Sumitomo & AD Insurance will acquire an 18% stake in American asset manager Barings for $1.44bn from parent company MassMutual.
Salama Cooperative Insurance Company has announced on the Saudi Stock Exchange that the Insurance Authority has granted its approval for the insurer's merger with Enaya Saudi Cooperative Insurance Company.
Manulife Financial Corporation and Mahindra & Mahindra (M&M) are forming a 50:50 life insurance joint venture in India. The partnership was announced in a 12 November press release by Manulife, noting that the deal remains subject to regulatory approvals.
International health insurer April International and property and casualty insurer Sompo have entered into a partnership to expand international private medical insurance (IPMI) offerings across the Asia-Pacific region.