Magazine date:
Feb 2023 Creations / Acquisitions / Mergers
- January:Algeria: Two insurance companies created [4] China: HSBC to raise its stake in HSBC Life China to 100% [5] India:
- Generali to become majority shareholder of Future Generali India Insurance and Future Generali India Life [6]
- HDFC Life completes acquisition of Exide Life Insurance [7] Kenya: Equity Group Holdings starts life insurance business in Kenya [8] Mauritania: New insurance company launched in Mauritania [9] World:
- Luko acquires German insurer Coya [10]
- Europ Assistance acquiert MAPFRE Insurance Services Australia [11] Middle East: Braxtone completes acquisition of Afro Asian Assistance Oman [12] - February:Egypt: Towards the creation of a reinsurance company [13] Greece: Allianz to acquire a stake in the Greek insurer European Reliance [14] Morocco:
- Wafa Takaful: Wafa Assurance's new subsidiary [15]
- Holmarcom launches a Takaful subsidiary [16]
- Taawouniyate Taamine Takafuli, a new subsidiary of MCMA and BCP [17] Mauritania: The SUNU Group opens a subsidiary in Mauritania [18] - March :China: AIA Group acquires Blue Cross Insurance [19] United States: Berkshire Hathaway to acquire the American insurer Alleghany for 11.6 billion USD [20] Morocco: Ghana Re opens a branch in Casablanca [21] World: PartnerRe takeover by Covéa: Exor to raise the sale price [22] Mozambique: Hollard Seguros Mozambique acquires International Commercial and Engineering Seguros [23] United Arab Emirates: Oman Insurance to acquire Generali's life activities in the Emirates [24] Thailand: Allianz Ayudhya Capital acquires Aetna Thailand [25]
- April:
- May:Africa: Sanlam and Allianz establish a joint venture in Africa [29] South Africa: Sanlam acquires majority stake in Q Link Holdings [30] Côte d’Ivoire:
- ACR-AFMA, new brokerage company [31]
- Optimus Africa, new pan-African insurance brokerage network [32] United States: Berkshire Hathaway invests 620 million USD in Markel [33] United Arab Emirates:
- Merger between Dar Al Takaful and Watania [34]
- Indian insurtech Turtlemint sets up in Dubai [35] Senegal: AVENI-RE opens a representative office in Dakar [36] Tanzania: Allianz becomes majority shareholder of Jubilee General Insurance Company of Tanzania [37] Tunisia: UIB Assurances, new life insurace company in Tunisia [38] - June:Africa:
- The African Development Bank acquires a stake in CICA-RE [39]
- NSIA completes acquisition of four African subsidiaries of Sanlam Group [40] South Africa: Santam increases its stake in JaSure to 100% [41] Egypt: Chedid Insurance Brokers launches its activities in Egypt [42] United Arab Emirates: Merger between Dar Al Takaful and Watania finalized [43] Kenya: Lloyd's broker MNK Re opens a subsidiary in Kenya [44] Morocco: Al Maghribia Takaful, new subsidiary of La Marocaine Vie [45] Mauritius: PROPARCO to invest in Mauritian MUA Insurance [46] Middle East: Europ Assistance acquires the activities of MAPFRE Asistencia in the Middle East [47] - July:South Africa:Old Mutual to acquire Genric Insurance Company [48] Saudi Arabia:
- Merger between Walaa and SABB Takaful [49]
- Proposed merger between Al Sagr and Gulf Union Al Ahlia [50]
- Proposed merger between Amana Cooperative Insurance and Allied Cooperative Insurance [51] Asia: Chubb finalizes acquisition of Cigna's Asia Pacific business [52] China: Mapfre Re opens a subsidiary in Beijing [53] United Arab Emirates: Chedid Direct to acquire a majority stake in MMR Holding [54] France:
- CNP Assurances to raise its stake in Aviva Italy to 100% [55]
- Generali finalizes the acquisition of La Médicale from Crédit Agricole Assurances [56] Iran: TehranRe: a fifth reinsurer for Iran [57] Malaysia: Liberty Mutual Insurance completes acquisition of Malaysian insurer AmGeneral [58] Mauritius: Allianz completes acquisition of 66% of Jubilee Insurance Mauritius [59] World:
- Covéa finalizes the acquisition of PartnerRe [60]
- Creation of a mutual insurance company dedicated to cyber-risk coverage [61] Middle East: Ominvest finalizes acquisition of RSA Middle East [62] New Zealand: Dai-ichi Life Holdings to acquire Partners Life [63] Senegal: SUNU to acquire BNP Paribas' stake in the capital of BICIS [64] Rwanda: SCG-Ré to establish a regional office in Rwanda [65] Tunisia:
- Wifak Bank to acquire At-Takafulia [66]
- Union Financière Holding to increase its stake in Assurances Maghrebia [67] - October:Africa: East Africa: Allianz acquires a majority stake in Jubilee's non-life subsidiaries [68] South Africa: Capitec Life granted a license in South Africa [69] Germany: Allianz to acquire German insurtech simplesurance [70] United Arab Emirates: Merger between SALAMA and Takaful Emarat [71] Luxembourg: Merger between AME Life Lux and Monument Assurance Luxembourg [72] World: Everest Insurance sets up branches in Paris and Düsseldorf [73] Qatar: QIC and QInvest establish an Islamic asset management company [74]
- November:Egypt: Creation of Misr Takaful Insurance-Hayat [75] United Arab Emirates: Sukoon finalizes the acquisition of Generali's life portfolio in the United Arab Emirates [76] France:
- Chedid Re opens an office in Paris [77]
- CNP Assurances completes acquisition of Assuristance [78] Morocco:
- Royale Marocaine d'Assurance to acquire a stake in Ténor Finances [79]
- Marsh acquires majority stake in Beassur Marsh [80]
- Mehdi Tazi completes the acquisition of 80% of AXA Assistance Maroc [81] World: Acquisition of April: KKR in negotiations with CVC Capital Partners [82] Oman: National Life & General Insurance Company to acquire a stake in Al Ahlia Insurance [83] - December:United Arab Emirates:
- April sets up in Dubai [84]
- Proposed merger between Arabian Shield and Alinma Tokio Marine [85]
- Sukoon to acquire a majority stake in Ascana [86] Morocco: Holmarcom completes the acquisition of 78.7% of Crédit du Maroc [87] Oman: Merger between Oman Qatar Insurance and Vision Insurance [88] Tunisia: Maghrebia group to acquire a stake in GAT Assurances [89]
