After having established a dedicated health insurance operation in Asia, AXA PPP International is now in the process of revamping its distribution network to increase their capabilities in the region. Teaming up with AXA Asia General Insurance (AGI), their partnership aims to increase the volume of business for both life and general insurance in Singapore, Malaysia, Indonesia, Thailand, Hong Kong and China, places where AXA has already established a presence.

Fortis Healthcare Ltd. has made an offer for all remaining shares in Asian healthcare provider, Parkway Holdings, which surpasses the bid previously put forward by Malaysian government-run bank, Khazanah Nasional Berhad. Previously, Khazanah bid S$ 1.18 billion (US$ 835 million) to more than double its stake…

Fortis Healthcare, an Indian company, and Khazanah Nasional Berhad, the Malaysian government's investment holding arm are in the middle of a battle over control of Singaporean healthcare group, Parkway Holdings. Khazanah recently offered S$ 1.18 billion (US$ 835 million) through its subsidiary, Integrated Healthcare, to increase its stake in Parkway to 51.5%, thereby controlling the company.…

The Financial Services Authority (FSA) of the UK have given their approval in principle for Prudential to go ahead with the US$35.5 billion (EUR 28.3 billion) deal made with American International Group (AIG) to purchase American International Assurance (AIA), according to sources familiar with the latest situation on this most audacious deal since the financial tsunami started to be felt globally.

The takeover bid for AXA Asia Pacific Holdings Ltd. (AAP) by the National Australia Bank (NAB) and the French insurance company AXA SA (AXA) has been blocked by the competition watchdog of Australia, citing the lessening of competition effect it would have on the domestic retail investment arena.

Hong Kong-based Asia Financial Holdings and Bangkok-based Bumrungrad International, a world-renowned Thai company, recently submitted to the Food and Health Bureau a bid to build a US$385 million (HK$3 billion) 350-bed private hospital at Wong Chuk Hang in Aberdeen, a district located in the southern part of Hong Kong Island.

Once the ink dries on the deals for AIG to divest American Life Company (ALICO) and American International Assurance Company (AIA), there will be a stakeholders shift in the Life Market in Asia, as observed by market analysts.

The high-growth of Asian markets is proving to be a tempting proposition for some European Insurers currently making unsolicited bids for the business of ING in that region. As per comments made by industry analysts it is thought that Zurich Financial Services Group, Allianz and Axa may be among the potential suitors for ING's Asia insurance unit.

London-based Financial services company, Prudential P.L.C. is in talks over purchasing AIG's Asian life insurance business, American International Assurance. Although the deal has not been finalized yet, it would see Prudential buy American International Assurance or AIA for…

Conning Research and Consulting, a division of Conning & Company, has released a study which finds that insurers operating in the USA's domestic insurance market should focus their attention overseas if they are to see continuing high rates of growth and profitability. Conning, a leading provider of insurance industry and asset management research and consulting services, released the study "Global…