TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Uganda: Regulator urges insurers to consider M&As
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
Article / 2 months ago
GCC: Insurance sector sees surge in M&A
The insurance industry in the GCC saw a surge in M&A with around 33 deals struck between 2021 and 2023. The majority of these transactions took place in 2022, according to UAE-based investment banking advisory firm
The insurance industry in the GCC saw a surge in M&A with around 33 deals struck between 2021 and 2023. The majority of these transactions took place in 2022, according to UAE-based investment banking advisory firm
Article / 3 months ago
Saudi Arabia: 2 insurers complete merger
Two insurers, Arabian Shield and Alinman Tokio Marine, have announced the completion of their merger, the latest in a series of mergers in the Saudi insurance market.
Two insurers, Arabian Shield and Alinman Tokio Marine, have announced the completion of their merger, the latest in a series of mergers in the Saudi insurance market.
Article / 6 months ago
Chedid Capital expands with London acquisition
Chedid Europe Insurance & Reinsurance Brokerage, a subsidiary of Lebanon-headquartered Chedid Capital, has announced the acquisition of 100% of the share...
Chedid Europe Insurance & Reinsurance Brokerage, a subsidiary of Lebanon-headquartered Chedid Capital, has announced the acquisition of 100% of the share...
Article / 7 months ago
Indonesia: Several insurers say they are ready to spin off takaful units
Asuransi Tugu Pratama Indonesia (Tugu Insurance) is currently considering spinning off its Shariah Business Unit (UUS) in 2024.
Asuransi Tugu Pratama Indonesia (Tugu Insurance) is currently considering spinning off its Shariah Business Unit (UUS) in 2024.
Article / 8 months ago
Gulf Insurance Group to acquire AIG Egypt
Kuwait-headquartered Gulf Insurance Company has announced that its subsidiary GIG Egypt had signed an agreement to acquire AIG Egypt for EGP196.97m ($6.4m)...
Kuwait-headquartered Gulf Insurance Company has announced that its subsidiary GIG Egypt had signed an agreement to acquire AIG Egypt for EGP196.97m ($6.4m)...
Article / 1 year ago
Turkiye: AXA acquires life and non-life insurance operations of Groupama to expand Turkish footprint
The AXA group has kicked off 2023 with its announcement that it is acquiring the insurance activities of Groupama (Groupama Sigorta and Groupama Hayat) in Turkiye...
The AXA group has kicked off 2023 with its announcement that it is acquiring the insurance activities of Groupama (Groupama Sigorta and Groupama Hayat) in Turkiye...
Article / 1 year ago
UAE: 3 leading local insurers in talks about game-changing merger -- report
Three leading domestic insurance companies are reportedly in advanced talks to merge and form a giant corporation, which would become one of the largest insurance institutions in the UAE.
Three leading domestic insurance companies are reportedly in advanced talks to merge and form a giant corporation, which would become one of the largest insurance institutions in the UAE.
Article / 1 year ago
UAE: Regulators seeking consolidation and international exits or strategic acquisitions will be key drivers
Despite the threat of a recession, the M&A market in the Middle East and the insurance industry is still very active, says Ms Roshanak Bassiri Gharb. a partner in the Dubai office of the global law firm Clyde & Co...
Despite the threat of a recession, the M&A market in the Middle East and the insurance industry is still very active, says Ms Roshanak Bassiri Gharb. a partner in the Dubai office of the global law firm Clyde & Co...
Article / 1 year ago
UAE: Largest takaful company to acquire AMAN's insurance portfolio
Dubai-listed Islamic Arab Insurance Company (SALAMA) has announced that it will acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company (AMAN)...
Dubai-listed Islamic Arab Insurance Company (SALAMA) has announced that it will acquire the insurance portfolio of Dubai Islamic Insurance and Reinsurance Company (AMAN)...
Article / 1 year ago