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More acquisition than merger - Executive Magazine


More acquisition than merger
April 18, 2017
The sale of Al Ittihad al-Watani Insurance evolved over several years and was rumored in the Lebanese market to involve a number of valuation issues before culminating in an acquisition by NASCO Insurance Group. NASCO, whose founding purpose was brokerage activity and whose main focus is insurance broking, pursued the deal on the grounds that underwriting is becoming more and more heavily regulated and capital intensive.
Not all that much was publicly known about the negotiations for the sale of Al Ittihad before NASCO came to the table. According to a document issued in August 2015, Colina Holding, a Mauritius-based subsidiary of Morocco’s Saham Holding – which controlled 81 percent of Lebanon-based LIA Insurance in 2012 – was seeking a $30 million loan from Saham under the rules of the Mauritian stock exchange. The loan’s intended use was for the purchase of the 94 percent stake in Al Ittihad recently taken over by ....

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Health and Medical Insurance Market Insight by Size, Status and Forecast to 2025


 
Edison, NJ (SBWIRE) 12/22/2020 Latest Market intelligence report released by HTF MI with title COVID-19 Outbreak-Global Health and Medical Insurance Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is designed covering micro level of analysis by manufacturers and key business segments. The COVID-19 Outbreak-Global Health and Medical Insurance Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Dubai Islamic Insurance & Reinsurance Co., Daman Healthcare, Emirates Insurance Company, Abu Dhabi National Insurance Company (ADNIC), AXA Gulf Insurance, MetLife Individual Medical Plan, Ras Al Khaimah National Insurance Company, Oman Insurance Company & Orient Insuranc ....

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