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...
Piramal Finance to exit Shriram Life Insurance Company
Piramal Finance is selling its entire 14.72% stake in Shriram Life Insurance Company to Sanlam Emerging Markets (Mauritius) for ₹600 crore, valuing the insurer at around ₹4,000 crore. The move is part of Piramal’s...
Ackman-backed Howard Hughes to buy insurer Vantage for $2.1 billion
Bill Ackman-backed Howard Hughes Holdings said on Thursday it will buy specialty insurance firm Vantage Group Holdings for about $2.1 billion, as the real estate firm diversifies beyond property development. Howard...
Generali and France’s BPCE scrap plans to merge asset management units
Italy’s biggest insurer Generali and French bank BPCE said on Thursday they had dropped plans to merge their asset management businesses, in the absence of conditions necessary to make the deal viable. Generali in...
WTW to buy brokerage firm Newfront in up to $1.3 billion deal
Insurance broker WTW said on Wednesday it will acquire Newfront in a deal worth up to $1.3 billion, aiming to expand its reach in the U.S. middle-market through the brokerage. The deal will be through a $1.05 billion...
Baldwin strikes $1 billion deal for rival insurance broker CAC Group
The Baldwin Group said on Tuesday it will buy rival insurance broker CAC Group in a $1.03 billion cash-and-stock deal, adding to a string of mergers in recent years as industry consolidation accelerates. U.S. insurance...
