Allianz SE and Sun Life Financial are considering bids for HSBC’s Singapore insurance unit after the bank launched a strategic review of the business, Bloomberg News reported on Thursday, citing people...
CCI clears Central Bank’s additional stake buy in Generali Central insurance ventures
The Competition Commission of India announced on Tuesday that it has approved the acquisition of additional shareholding in Generali Central Insurance Company and Generali Central Life Insurance Company by Central Bank...
Zurich Insurance to acquire UK’s Beazley for $11 billion
The British insurer Beazley has agreed to the terms of an 8.1 billion pound ($10.8 billion) takeover bid from Zurich Insurance Group, the companies said on Monday, as the Swiss firm looks to expand its foothold in...
HSBC kicks off Singapore insurance business sale, eyes over $1 billion value, sources say
HSBC has started the sale process for its Singapore life insurance product manufacturing business with the hiring of an adviser, and is hoping for the deal to be valued at more than $1 billion, said three sources with...
Zurich Insurance to buy Australia’s ClearView Wealth for $288 million
Australian life insurer ClearView Wealth said on Tuesday it has agreed to be acquired by a local unit of Zurich Insurance Group, Europe’s second-largest insurer by market value, for A$408.3 million ($288.30...
Australia’s AUB Group to buy majority stake in UK-based insurer PIHL
Australia’s AUB Group said on Tuesday it will acquire a 95.9% stake in UK-based private insurance broking and underwriting platform PIHL Holdings for A$432 million ($298.47 million). The acquisition will help the...
Prudential to raise stake in Malaysia life insurer holding firm to 70% for $377 million
British insurer Prudential said on Thursday it had agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million)...
UK’s Beazley rejects Zurich Insurance’s $10 billion takeover bid
Beazley on Thursday rejected a 7.67-billion-pound ($10.3 billion) takeover offer from Zurich Insurance as materially undervaluing the UK speciality insurer, adding it was lower than another proposal the group turned...
Zurich Insurance offers $10 billion for UK’s Beazley in latest bid
Zurich Insurance Group has made a 7.67 billion pound ($10.3 billion) offer for speciality insurer Beazley, going public with an improved bid that sent shares in the British company up 40% on Monday. Europe’s...
Go Digit General Insurance board okays merger with holding company
Go Digit General Insurance’s board has approved a plan to merge its holding company, Go Digit Infoworks Services, with the listed insurer. This will be the first time an insurance company has merged with a non-insurance...
Paramount TPA to merge with Medi Assist Insurance TPA
Medi Assist Healthcare Services Ltd on Monday said its step down subsidiary Paramount Health Services & Insurance TPA Private Ltd (Paramount TPA) decided to merge with another group entity Medi Assist Insurance TPA...
Samsung Life, BNP, Norwest, Prudential Plc eye stake in IndiaFirst Life Insurance
IndiaFirst Life Insurance has drawn interest from Samsung Life Insurance, Prudential Plc, BNP Paribas, and Norwest Venture Partners as existing investor Warburg Pincus explores an exit from its 26% stake, four people...
