The government is considering a fresh stake sale in Life Insurance Corporation of India (LIC) that could raise as much as Rs 10,000 crore, as New Delhi looks to deepen public shareholding in the country’s largest...
Insurance
Liberty Mutual Insurance raises stake in Indian venture
Liberty Mutual Insurance on Monday increased its stake in Liberty General Insurance to 74%, strengthening its presence in India’s non-life market. The move follows Liberty Mutual’s earlier increase in...
British insurer Prudential to buy 75% in Bharti Life for Rs 3,500 crore
British insurer Prudential has agreed to acquire a 75% stake in Bharti Life Insurance for ₹3,500 crore to take management control of an Indian life insurance company for the first time. Bharti Enterprises will pare its...
Beazley shareholders approve Zurich’s $10.9 billion cash takeover
London-listed specialty insurer Beazley said on Wednesday that shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting...
Standard Life strikes $2.7 billion deal to buy Aegon’s UK arm
Standard Life has agreed to buy Dutch rival Aegon’s UK business for 2 billion pounds ($2.7 billion), the companies said on Wednesday, expanding the British pension savings group’s reach to 16 million...
Equitable, Corebridge set to merge, create $22 billion US insurance giant
U.S. insurers Equitable and Corebridge Financial said on Thursday they will merge in an all-stock deal that would create a $22 billion retirement, life insurance and asset management company. The combined company will...
Allianz, Sun Life weigh bids for HSBC Singapore insurance business, Bloomberg News reports
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...
