Chinese conglomerate Fosun has decided to end the firm's bid to buy a controlling 52% stake in Israeli insurer Phoenix.
Chinese conglomerate Fosun has made its third purchase in Israel and its first in insurance in the country.
Chinese investment group Fosun is looking at buying around half of one of Israel's leading insurance groups - Phoenix.
American International Group has reached an agreement with Aurec Gold Investments to acquire the remaining 49.99% interest in AIG Israel Insurance Company.
The top five Asian news stories from www.insuranceinsight.com over the past seven days.
Israeli bank Leumi has begun selling its nearly 10% stake in Migdal Insurance and Financial Holdings to institutional investors, Reuters said on Thursday, quoting a market source.
Generali has completed the sale of its 69.1% share in Migdal Insurance and Financial Holdings to Eliahu Insurance Company for €705m.
The top five Asian stories from www.insuranceinsight.com over the past seven days
The Generali Group has reached a new agreement to sell its entire 69.13% stake in Israeli firm Migdal Insurance and Financial Holdings to Eliahu Insurance Company.
The Middle East could be staring down the barrel of a huge earthquake that would leave tens of thousands dead and destroy hundreds of thousands of homes, according to seismologists.
Standard & Poor's has put Bahrain, Egypt, Jordan, Oman, and Tunisia on negative outlook, indicating a one-in-three chance it will lower their soverign ratings.
The Generali Group has agreed to sell its entire 69.1% holding in Migdal Insurance and Financial Holdings to Shlomo Eliahu, founder and controlling shareholder of the Israeli financial Group Eliahu.
Country economic risk and currency incontrovertibility and transfer risk remain key concerns for Iran, according to JLT’s head of credit and political risk analysis, Elizabeth Stephens.
BWise, governance, risk and compliancemanagement software solutions specialist, has entered into a partnership agreement with business intelligence firm LiBi Software Technology in Israel.