American insurance broker Lockton has received approval from I Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services Limited, part of the Arihant Capital Group...
Allianz weighs options for AllianzGI unit, sources say
Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the...
Mukesh Ambani’s Jio Financial in talks with Allianz for insurance JVs in India post plans to exit Bajaj
Jio Financial Services Ltd., controlled by billionaire Mukesh Ambani, has held talks with Allianz SE to set up an insurance partnership in India as the German firm seeks to scrap two existing joint ventures in the...
Indian govt proposes to sell up to 6.8% stake in insurer GIC
The Indian government has proposed to offload a stake of about 6.8% in General Insurance Corp of India (GIC), an exchange filing showed on Tuesday. The sale will made at a floor price of 395 rupees per share, as per the...
Medi Assist acquires Fairfax-backed Paramount TPA for Rs 312 crore
Medi Assist, India’s largest third-party administrator (TPA) on Monday said its wholly-owned subsidiary Medi Assist TPA has signed definitive agreement to acquire FairFax Asia-backed Paramount TPA for Rs 311.8...
Allstate to sell its employer voluntary benefits business to StanCorp Financial in $2 bln deal
Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday. The...
Japan’s Meiji Yasuda buys Allstate’s voluntary benefits business for $2 bln
U.S. casualty insurer Allstate has sold its employer voluntary benefits business to StanCorp Financial Group for $2 billion in cash, Allstate announced, on Tuesday. StanCorp’s Japanese parent company, Meiji Yasuda...
Govt considers shedding up to 5 percent stake in LIC in this fiscal: Report
The government may consider selling up to 5 per cent stake in the state insurer Life Insurance Corporation (LIC) this financial year in order to meet the minimum public shareholding (MPS) norm, Business Line reported...
Insurer Ryan Specialty strikes up to $1.48 bln deal for US Assure
Insurer Ryan Specialty said on Thursday it has agreed to buy specialized builder’s risk insurance firm US Assure Insurance Services of Florida. The deal includes a cash payment of about $1.08 billion and an...
BNP Paribas in talks to buy AXA Investment Managers for 5.1 bln euros
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For...
Allianz to buy majority stake in Singapore’s Income Insurance
German insurer Allianz said on Wednesday that it was planning to buy a majority stake in Singapore’s Income Insurance for about $1.6 billion to strengthen its foothold in Asia. The offer by Allianz, one of...
Allianz plans to buy majority stake in Singapore’s Income Insurance
Germany’s Allianz said on Wednesday that it was planning to buy a majority stake in Singapore’s Income Insurance for around $1.6 billion. Allianz said it would offer 40.58 Singapore dollars per share for a...
