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...
Metlife to hike its stake in PNB Metlife to 47.32% in Rs 1,906 cr deal
Metlife International Holdings is looking to acquire the combined 15.27 per cent shareholding of IGE (India) Private Limited and Elpro International Limited in PNB Metlife India Insurance company for a cash...
Cattolica board deems Generali’s takeover offer fair
Italian insurer Cattolica’s said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at a fair price. Generali, Italy’s largest insurer, earlier in May said it would launch a 1.17...
CPPIB sells 2.3% stake in SBI Life Insurance Company
The Canada Pension Plan Investment Board (CPPIB) on Thursday sold 23 million shares (2.3 per cent stake) of SBI Life Insurance Company. The shares were sold at Rs 1,171 apiece. The Canadian investment manager raised Rs...
ICICI Lombard gets final IRDAI approval for Bharti Axa acquisition
India’s largest private sector general insurer ICICI Lombard said that it has received the final nod from the Insurance Regulatory and Development Authority of India (IRDAI) for its acquisition of Bharti Axa General...
