The IPO-bound Life Insurance Corporation of India (LIC) has sought Expression of Interest from bidders to provide consultancy services for its digital transformation. The Expression of Interest (EoI) has been invited...
UniCredit chief not interested in Generali or Mediobanca – Il Sole 24 Ore
UniCredit wants to grow its domestic footprint and could consider tie-ups in Italy and abroad, but has no interest in the country’s biggest insurer Generali and its top shareholder Mediobanca, CEO Andrea Orcel...
Insurer LV= members reject $700 mln Bain takeover, Royal London makes approach
British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain Capital after it lost a member vote, and rival Royal London put forward an...
Generali eyes bigger stake in India businesses as Future seeks exit: Report
Italy’s Generali is in talks to raise its stake in two Indian insurance businesses as its local partner, debt-laden Future Group, looks to exit the arrangement, three people familiar with the discussions told...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn -sources
Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar...
Generali enters exclusive talks to buy Credit Agricole’s La Medicale
Generali entered into exclusive talks with Credit Agricole to buy the French bank’s health insurance unit La Medicale, both companies said in a joint statement on Wednesday. The transaction, which is set to be...
Generali investor De Agostini set to sell stake, to vote at AGM
Italian publisher Gruppo De Agostini said on Monday it had started the process to sell its 1.44% stake in Generali but would still be in a position to exercise its voting rights at the insurer’s next...
Shriram Group closing in on merger, insurance biz to be hived off into separate entity
Shriram Group has revived plans to restructure its various financial services businesses that includes lending and insurance by collapsing its two listed units into one and reverse merging the holding company into it...
Exor in new talks with Covea over scrapped $9bn sale of PartnerRE – report
Exor, the holding company of Italy’s Agnelli family, has restarted talks with French insurer Covea over a possible sale of reinsurer PrtnerRE, Il Sole 24 Ore reported on Saturday, after the deal was scrapped last year...
Bandhan eyes Future Generali Life stake, deal depends on company getting controlling interest
Bandhan Financial Holdings has offered to buy out Future group’s stake and acquire a controlling interest in Future Generali India Life Insurance Company — a three-way joint venture between the Future Group...
Insurer Chubb to acquire Cigna’s business in Asia, Turkey for $5.8 bln
U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the...
Insurer Chubb to acquire Cigna’s business in Asia, Turkey for $5.8 billion
U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest...
