Insurance companies in 2022: creations, mergers and acquisitions
Creations / Acquisitions / Mergers
- January:Algeria: Two insurance companies created China: HSBC to raise its stake in HSBC Life China to 100% India:
- Generali to become majority shareholder of Future Generali India Insurance and Future Generali India Life
- HDFC Life completes acquisition of Exide Life Insurance Kenya: Equity Group Holdings starts life insurance business in Kenya Mauritania: New insurance company launched in Mauritania World:
- Luko acquires German insurer Coya
- Europ Assistance acquiert MAPFRE Insurance Services Australia Middle East: Braxtone completes acquisition of Afro Asian Assistance Oman - February:Egypt: Towards the creation of a reinsurance company Greece: Allianz to acquire a stake in the Greek insurer European Reliance Morocco:
- Wafa Takaful: Wafa Assurance's new subsidiary
- Holmarcom launches a Takaful subsidiary
- Taawouniyate Taamine Takafuli, a new subsidiary of MCMA and BCP Mauritania: The SUNU Group opens a subsidiary in Mauritania - March :China: AIA Group acquires Blue Cross Insurance United States: Berkshire Hathaway to acquire the American insurer Alleghany for 11.6 billion USD Morocco: Ghana Re opens a branch in Casablanca World: PartnerRe takeover by Covéa: Exor to raise the sale price Mozambique: Hollard Seguros Mozambique acquires International Commercial and Engineering Seguros United Arab Emirates: Oman Insurance to acquire Generali's life activities in the Emirates Thailand: Allianz Ayudhya Capital acquires Aetna Thailand
- April:
- May:Africa: Sanlam and Allianz establish a joint venture in Africa South Africa: Sanlam acquires majority stake in Q Link Holdings Côte d’Ivoire:
- ACR-AFMA, new brokerage company
- Optimus Africa, new pan-African insurance brokerage network United States: Berkshire Hathaway invests 620 million USD in Markel United Arab Emirates:
- Merger between Dar Al Takaful and Watania
- Indian insurtech Turtlemint sets up in Dubai Senegal: AVENI-RE opens a representative office in Dakar Tanzania: Allianz becomes majority shareholder of Jubilee General Insurance Company of Tanzania Tunisia: UIB Assurances, new life insurace company in Tunisia - June:Africa:
- The African Development Bank acquires a stake in CICA-RE
- NSIA completes acquisition of four African subsidiaries of Sanlam Group South Africa: Santam increases its stake in JaSure to 100% Egypt: Chedid Insurance Brokers launches its activities in Egypt United Arab Emirates: Merger between Dar Al Takaful and Watania finalized Kenya: Lloyd's broker MNK Re opens a subsidiary in Kenya Morocco: Al Maghribia Takaful, new subsidiary of La Marocaine Vie Mauritius: PROPARCO to invest in Mauritian MUA Insurance Middle East: Europ Assistance acquires the activities of MAPFRE Asistencia in the Middle East - July:South Africa:Old Mutual to acquire Genric Insurance Company Saudi Arabia:
- Merger between Walaa and SABB Takaful
- Proposed merger between Al Sagr and Gulf Union Al Ahlia
- Proposed merger between Amana Cooperative Insurance and Allied Cooperative Insurance Asia: Chubb finalizes acquisition of Cigna's Asia Pacific business China: Mapfre Re opens a subsidiary in Beijing United Arab Emirates: Chedid Direct to acquire a majority stake in MMR Holding France:
- CNP Assurances to raise its stake in Aviva Italy to 100%
- Generali finalizes the acquisition of La Médicale from Crédit Agricole Assurances Iran: TehranRe: a fifth reinsurer for Iran Malaysia: Liberty Mutual Insurance completes acquisition of Malaysian insurer AmGeneral Mauritius: Allianz completes acquisition of 66% of Jubilee Insurance Mauritius World:
- Covéa finalizes the acquisition of PartnerRe
- Creation of a mutual insurance company dedicated to cyber-risk coverage Middle East: Ominvest finalizes acquisition of RSA Middle East New Zealand: Dai-ichi Life Holdings to acquire Partners Life Senegal: SUNU to acquire BNP Paribas' stake in the capital of BICIS Rwanda: SCG-Ré to establish a regional office in Rwanda Tunisia:
- Wifak Bank to acquire At-Takafulia
- Union Financière Holding to increase its stake in Assurances Maghrebia - October:Africa: East Africa: Allianz acquires a majority stake in Jubilee's non-life subsidiaries South Africa: Capitec Life granted a license in South Africa Germany: Allianz to acquire German insurtech simplesurance United Arab Emirates: Merger between SALAMA and Takaful Emarat Luxembourg: Merger between AME Life Lux and Monument Assurance Luxembourg World: Everest Insurance sets up branches in Paris and Düsseldorf Qatar: QIC and QInvest establish an Islamic asset management company
- November:Egypt: Creation of Misr Takaful Insurance-Hayat United Arab Emirates: Sukoon finalizes the acquisition of Generali's life portfolio in the United Arab Emirates France:
- Chedid Re opens an office in Paris
- CNP Assurances completes acquisition of Assuristance Morocco:
- Royale Marocaine d'Assurance to acquire a stake in Ténor Finances
- Marsh acquires majority stake in Beassur Marsh
- Mehdi Tazi completes the acquisition of 80% of AXA Assistance Maroc World: Acquisition of April: KKR in negotiations with CVC Capital Partners Oman: National Life & General Insurance Company to acquire a stake in Al Ahlia Insurance - December:United Arab Emirates:
- April sets up in Dubai
- Proposed merger between Arabian Shield and Alinma Tokio Marine
- Sukoon to acquire a majority stake in Ascana Morocco: Holmarcom completes the acquisition of 78.7% of Crédit du Maroc Oman: Merger between Oman Qatar Insurance and Vision Insurance Tunisia: Maghrebia group to acquire a stake in GAT Assurances
