Insurance companies in 2020: creations, mergers and acquisitions
Creations / Mergers / Acquisitions
- January:Africa: SUNU Group acquires Allianz's stakes in five African subsidiaries Saudi Arabia:
- Solidarity and Aljazira sign a merger memorandum of understanding
- MetLife - Walaa merger approved by the supervisory authority Spain: Helvetia strengthens its position World: AXA XL finalizes the merger of XL Insurance Company SE with AXA Corporate Solutions and AXA ART MENA zone: Insurance mergers & acquisitions boom in 2020 Slovenia: Sava Re acquires NLB Vita Thailand: Creation of Tokio Marine Safety Insurance Togo: CIF Assurances-Vie: new Togolese insurance company Tunisia: Waica Re receives approval - February:
- March:
- April:
- May:
- June:
- July:Africa:
- Chedid Capital Holding acquires Ascoma Group
- Strategic partnership between Allianz and Jubilee Bermuda: Sompo International acquires Diversified Crop Insurance Services Botswana: Continental Re: full takeover of the Botswana subsidiary China: Tesla establishes a brokerage company Egypt:
- A new brokerage company
- Wafa Assurance to operate in Egypt United Arab Emirates: Siraj Holding acquires Al Hilal Takaful India: Bharti AXA GI merges with ICICI Lombard Kenya: MUA finalizes the acquisition of Saham Kenya Morocco:
- New credit insurance in Morocco
- AtlantaSanad merger officially completed Turkey:
- New insurance company launched
- Merger between six Turkish insurance companies - October:Germany: Swiss Re and Daimler launch a joint venture Saudi Arabia:
- Gulf Union Cooperative and Al Ahlia Insurance to merge
- Merger planned between Solidarity Bahrain and t'azur United Arab Emirates: Africa Re sets up office in Dubai World: Arch Capital acquires Watford Holdings Middle East: Orient Insurance Company acquires interests in two Takaful insurers - November:
- December:
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