The ongoing trend from Japanese insurers acquiring in the US continued with the following large deals:
In addition, ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) have announced to acquire 100 percent of AIG’s operations in El Salvador, Guatemala, Honduras and Panama in a share purchase agreement. This will allow ASSA to expand its regional footprint in Central America.
Latin America, having been relatively quiet earlier in the year, has seen an uptick in activity with a number of recent deals, including Suramericana S.A., the Colombia-based insurance company, acquisition of the Latin America operations of RSA Insurance Group plc for a cash consideration of GBP 403 million (US$614 million). This will allow RSA to focus on its core markets and allow Sunamericana to consolidate its position in the Latin American market.
Similar to Europe, there has also been high levels of activity across the broking sector, as the larger players look to build specialist capability in certain product lines or geographies. Recent deals include:
For more information on how KPMG’s global network of member firms can help you with your M&A activities, please contact email@example.com.
Note: Content for this newsletter has been compiled from a variety of publicly available sources.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.