Tag: insurance

FinanceAsia readers give the thumbs-up to Prudential's record $35.5 billion acquisition of AIA. The deal is priced below the initial range even though the withdrawal of AIA's planned IPO is said to have resulted in increased interest for the Korean life insurer. The agreed merger takes bankers and investors by surprise and may leave Hong Kong without a flagship IPO this year. Korea's second largest life insurer seeks to raise up to $2 billion and grab a first-mover advantage over industry leader Samsung Life, which is expected to follow with its own ... HSBC spends $102 million to boost its stake in Vietnam’s largest insurance and financial services group to 18%. As part of the deal, the UK group will buy the Singaporean bank's life insurance arm. With days to spare before the end of the year, the Chinese insurer pulls off the second largest IPO in Hong Kong for 2009. CPIC sets price range at discount to Hong Kong comps and its current A-share price, while Rusal hopes for a listing approval that will allow it to go ahead with its $2 billion ... The Chinese insurer may raise more than $3 billion from a Hong Kong IPO two years after it listed in Shanghai. Taiwan's Chinatrust Financial Holdings will buy 30% of Nan Shan Life Insurance from the Primus-led consortium for $660 million. The Qatar Financial Centre launches a financial industry reference guide titled QFinance. Glorious Property prices in the bottom half for a $1.28 billion deal, while CR Cement raises $825 million after pricing at the top. In Korea, Tong Yang Life Insurance becomes ... Aviva realises $737 million from the sale of its insurance and wealth management businesses and says it intends to enhance focus on the rest of Asia, while NAB consolidates in ... Sources say Deutsche Bank and Morgan Stanley have been appointed global coordinators for the listing. Other banks are expected to join them as bookrunners later. The Chinese insurance giant moves nearer to its goal of becoming an integrated financial services company, and gives private equity investor Newbridge Capital an exit route. The US insurance giant confirms its intentions to spin off its Asian life insurance operations and sends out RFPs to a number of investment banks seeking arrangers for an IPO. The Chinese life insurer abandons its $3.2 billion offering due to limited pricing flexibility and a tough market, but two smaller listing candidates decide to go ahead. The Chinese insurance company aims to raise $3.2 billion from a Hong Kong listing by the end of March, but has set no firm timetable for the launch of the offering. CNinsure jumps 58% after pricing its $186 million IPO 23% above the original range. Insurance agency CNinsure seeks to raise up to $150 million by offering investors exposure to a "new" high-growth industry.