Magazine date:
Feb 2024 Creations / Acquisitions / Mergers
- January:
- February:Saudi Arabia: Cigna Worldwide Insurance Company granted license in Saudi Arabia [7] United Arab Emirates: Optio Re MENA begins operations in Dubai [8] Spain: Everest Insurance sets up in Spain
[9] United States: Brookfield Reinsurance to acquire Argo [10] China: Prudential to establish a branch in Macau [11] Oman: Merger between Oman Qatar Insurance and Vision Insurance finalized [12] Qatar: Al Alfia Holding acquires a minority stake in Seib Insurance and Reinsurance [13] Tunisia: Florus Invest Holding acquires 5.33% of the capital of Assurances Maghrebia Vie [14] - March:Africa: Actuelia expands its activities in Africa [15] Saudi Arabia: Chedid Re Europe opens a regional head office in Saudi Arabia [16] Cameroon: The CNPS acquires a stake in Chanas Assurances Vie [17] Kuwait: Kuwait Insurance acquires a majority stake in National Takaful Insurance [18] Philippines: Merger between AXA Philippines and Charter Ping An [19]
- April:Bahrain: Broker Howden to launch operations in Bahrain [20] Egypt: GIG acquires AIG Egypt [21] United Arab Emirates:
- Nexus Underwriting closes acquisition of Spectrum Risk Management [22]
- SM Re, a new reinsurance company in Dubai [23]
- Sukoon approved to acquire Ascana [24] France: La Banque Postale and CNP Assurances combine their insurance operations [25] Kuwait: Fairfax to raise its stake in the capital of GIG [26] Morocco: Diot-Siaci and Amethis acquire a stake in ASK Gras Savoye [27] Senegal: SUNU Group completes acquisition of BICIS [28] - May:Bermuda: RenaissanceRe acquires Validus Re from AIG [29] Spain: The European Commission approves AXA's acquisition of GACM España [30] Guinea: VidaSEguros GE, first life insurance and capitalization company in Equatorial Guinea [31] World: Brown & Brown acquires Kentro Capital [32] Nepal: Merger between three Nepalese life insurers [33] Tunisia: Al Baraka Bank acquires 19.15% of the capital of El Amana Takaful [34]
- June:
- July:Africa: The new joint venture SanlamAllianz comes into being [38] Saudi Arabia: ADNIC to acquire 51% stake in Allianz Saudi Fransi [39] United Arab Emirates:
- Sukoon to acquire Chubb Tempest Life Reinsurance's life portfolio [40]
- Sukoon Insurance opens a subsidiary in the Dubai International Financial Centre [41]
- Salama and Takaful Emarat terminate planned merger [42] United States:
- Arthur J. Gallagher acquires Eastern Insurance Group [43]
- Brookfield Reinsurance to acquire American Equity Investment Life Holding Company [44] France: SMABTP and MACSF acquire a majority shareholding of CCR RE, in the course of its privatisation [45] Mexico: Mapfre acquires Insignia Life [46] World: Asset management: Generali to acquire Conning Holdings Limited [47] United Kingdom:
- Howden acquires Media Insurance Brokers International [48]
- Chedid Capital acquires Trilogy MGA [49]
- Aviva acquiert AIG Life UK [50] Russia: Renaissance Life acquires Raiffeisen Life [51] Tunisia: Générale Assistance establishes a presence in Côte d'Ivoire [52] - October:Bahrain: Gulf Tamin to acquire 10% stake in ARIG [53] United States:
- Merger between Prosperity Life Group and National Western Life Group [54]
- Arthur J. Gallagher to acquire Cadence Insurance [55] France: SCOR to buy back 5.01% stake from Covéa [56] India: Aon acquires Global Insurance Brokers [57] - November:Saudi Arabia:
- ReTech, a new online reinsurance broker in Saudi Arabia [58]
- Merger between Arabian Shield and Alinma Tokio Marine finalized [59] Bahrain: Solidarity Bahrain to acquire Al Hilal Life and Al Hilal Takaful [60] United States: Health insurance: proposed merger between Cigna and Humana [61] India: Zurich Insurance to acquire 51% of Kotak Mahindra General Insurance [62] Japan: Tokio Marine Holdings announces the establishment of Tokio Marine Resilience [63] World: Brookfield Reinsurance completes acquisition of Argo Group [64] United Kingdom: Helvetia Global Solutions establishes a branch in the UK [65] Tanzania: East Africa Reinsurance Company opens a subsidiary in Tanzania [66] - December:Africa: Africa Specialty Risks: creation of a Lloyd's syndicate [67] Italy: European Commission approves Allianz's acquisition of Tua Assicurazioni [68] Kuwait: Fairfax completes acquisition of 46.32% of GIG [69] Malaysia: Malaysian Life Reinsurance opens Retakaful window [70] World: Aon to acquire broker NFP [71] Switzerland: Swiss Re acquires Fathom [72] Taiwan: Brokerage: Gallagher opens a branch in Taiwan [73]
