Articles by Vinicy Chan, Crystal Tse and Manuel Baigorri

China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit

Ping An Insurance Group Co., China’s biggest insurer by market value, is planning a Hong Kong initial public offering of its health-care technology unit that could raise about $2 billion, people with knowledge of the matter said. A listing of …

Shareholders of Singapore Reinsurer ACR Capital Eyeing Sale: Sources

ACR Capital Holdings Pte shareholders are considering reviving a sale of the Singapore reinsurer, less than a year after a deal with Chinese buyers fell apart, people familiar with the matter said. The company’s owners, which include Temasek Holdings Pte …

Billionaire Li’s FWD Group Nearing Deal to Buy CBA’s Indonesia Unit

Billionaire Richard Li’s FWD Group is nearing an agreement to buy control of Commonwealth Bank of Australia’s Indonesian life insurance arm, people familiar with the matter said, in a deal that would boost the tycoon’s presence in one of the …

Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources

Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said. UOB has been soliciting ideas from …

Hong Kong Insurer FWD Group Eyes Singapore Listing

Hong Kong billionaire Richard Li’s FWD Group is considering listing in Singapore with a dual-class structure, as the insurer moves ahead with its initial public offering preparations, people with knowledge of the matter said. FWD is discussing with advisers the …

China’s Anbang Weighs Sale of Hexie Health Insurance: Sources

Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial …

China’s Anbang Insurance Eyes Sale of Fidea, as 1st European Divestment: Sources

Anbang Insurance Group Co. is exploring a sale of Belgian insurer Fidea, people with knowledge of the matter said, in what would be the troubled Chinese insurer’s first European divestment since it was seized by the government. Beijing-based Anbang has …

Swiss Re-Backed Insurer FWD Weighs IPO in Hong Kong

Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. The company, which is …

SoftBank Edges Closer to Buying Swiss Re Stake, Valued at $9.6 Billion: Sources

Swiss Re AG jumped after people familiar with the matter said Japan’s SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ($39 billion). Billionaire Masayoshi Son …

How AXA Wooed and Won XL Group in $15.3B Takeover Deal

AXA SA’s pursuit of its biggest ever takeover really got serious at a romantic hotel on the shores of Lake Zurich. That’s where top executives of the French behemoth and XL Group Ltd., fresh from the annual gathering of the …