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Nan Shan Life
’M&A hots up in Asian insurance
Insurance – and particularly life insurance – has become one of Asia’s hotbeds for M&A activity. Here are just some of the deals or bids reported in the last month or so alone:
The biggest – and as yet unresolved – bid is the unsolicited A$11bn ($10.2bn) bid by Axa and Australia’s AMP on November 9 for Axa’s majority-owned Asian business,
Chinatrust to buy AIG Taiwan stake
Chinatrust plans to pay $660m for a 30% stake in Nan Shan Life, Taiwan’s second-largest life insurer, after losing its bid to buy the business from AIG, reports Bloomberg. Chinatrust, Taiwan’s third-biggest financial company by market cap,