Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Nippon Life to buy Resolution in $8.2 billion deal as it pursues US growth
Nippon Life Insurance plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion – an all-cash deal that gives Japan’s biggest insurer a firmer footing in the U...
Nippon Life to buy Resolution Life in $8.2 billion deal
Nippon Life Insurance said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market. The all-cash deal represents...
Aviva sweetens Direct Line bid to $4.33 billion, Bloomberg News reports
Insurance company Aviva has sweetened its bid for UK’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with the matter...
PZU considers selling Alior Bank stake to Pekao under new strategy
Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao...
Insurer Direct Line rejects Aviva’s $4.16 billion takeover bid
British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov. 19...
Lockton gets IRDAI nod to buy Arihant Insurance Broking
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...
