M&A, Partnerships and Organic Growth in Life and Pensions, Q3 2007

Table of Contents

• The Roundup
  • Expansion into Asian markets has been a key theme during Q3 2007
    • Smaller Asian market are also drawing the attention of the global life and pensions players
  • Central and Eastern Europe, in particular Russia are also being viewed as expansion areas
  • The major European players are consolidating their positions through M&A activity
• The Developments
  • AIG
    • AIG' s AIU Insurance granted licence to establish subsidiairy in China (Organic growth) - July 07
    • AIG enters agreement to acquire Wurttembergische und Badische Versicherungs (M&A) - August 07
  • ALLIANZ
    • Dresdner Kleinwort purchases Allianz brokerage unit (M&A) - September 07
  • Aviva
    • Aviva Life Insurance partners Apex Bank - (Partnership) - July 07
    • Aviva opens new office in Russia (Organic Growth) - August 07
  • AXA
    • Axa to sell Taiwanese operations (Sale of Business) - July 07
    • AXA and Bao Minh Insurance enter into partnership in the Vietnamese insurance market - September 07
  • Barclays
    • Barclays announce revised offer for ABN AMRO takeover - (M&A) August 07
  • BNP Paribas
    • BNP Paribas and RBS International Securities Services to merge (M&A) - July 07
    • BNP Paribas enters joint venture with Sahara Bank (Partnerships) - July 07
    • BNP Paribas launches Swedish operations (Organic Growth) - September 07
    • BNP Paribas Securities Services acquires hedge fund business (M&A) - September 07
  • Fortis
    • Fortis sells its share in CaiFor to "la Caixa" - July 07
    • Fortis Bank sells its stake in Banco Comercial Portugues - September 07
    • Fortis, Santander and RBS continue with their offer for ABN AMRO (M&A) - July-September 07
  • Friends Provident
    • Friends provident plc merge with Resolution plc to create Friends Financial plc - July 07
  • ING
    • ING completes sale of Regio Bank to SNS REAAL - July 07
    • ING agrees to buy back shares from Fortis - July 07
    • ING Group completes sale of ING Trust - July 07
    • ING to acquire Latin American pension businesses of Santander - July 07
    • ING to enter into partnership with Piraeus Bank in Greece - July 07
    • ING sells ING insurance Belgium to P&V Verzekeringen - September 07
  • Manulife
    • Manulife-Sinochem opens a new sales office in Nanchong, China - July 07
    • Manulife officially opens Vietnam Headquarters in Saigon - September 07
  • Old Mutual
    • Old Mutual Indian Joint Venture to further expand (Organic Growth) - September 07
  • Prudential plc
    • PruHealth partners with Sainsbury' s (Partnership) - September 07
  • RBS
    • RBS, Santander and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07
  • Santander
    • Santander, RBS, and Fortis continue with their offer for ABN AMRO (M&A) - July-September 07
  • Zurich
    • Zurich establish new distribution platform in China (Organic Growth) - September 07
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer