Allianz withdraws offer to acquire Income Insurance; CapitaLand to buy Wingate in Australia; Cathay Life Insurance buys 50% of Taiwan windfarm from Denmark's Orsted; and more.
News
In its second major acquisition announcement this month, Japan's Nippon Life unveiled plans Wednesday to purchase global insurer Resolution Life, following its completed Corebridge deal.
The Korean sovereign wealth fund has named a former World Bank executive as its new CEO, following a long and extensive search.
The $2.35 billion investment deal is part of an equity recapitalisation via a vehicle led by StonePeak, along with direct investments from Investment Management Corporation of Ontario and APG Asset Management.
Seven countries – including Australia – may now back the Asian Development Bank's IF-CAP programme, amid optimism around the climate investment it will mean for Asia.
Long-serving Kim Suyi, who built the Canadian pension giant’s Asia business from scratch, is leaving after 17 years.
