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...
HDFC Life acquires Exide Life in a deal worth Rs 6,687 crore
HDFC Life, India’s largest private sector insurer, has acquired Exide Life in a stock and cash deal worth Rs 6,687 crore. The 100% acquisition of Exide Life will be through issuance of 8,70,22,222 shares at an...
HSBC snaps up Axa Singapore assets for $575 mln in Asia expansion
HSBC Holdings has agreed to acquire French insurer Axa’s Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income. HSBC said in a statement...
HSBC to acquire Axa’s Singapore insurance assets for $575 mln
HSBC said on Monday it had agreed to acquire Axa’s insurance assets in Singapore for $575 million as it scales up its insurance and wealth business. “This is an important acquisition that demonstrates our...
Bill for privatisation of state-run general insurance companies gets Parliament nod
A bill to allow privatisation of state-run general insurance companies got parliamentary assent on Wednesday after Rajya Sabha passed it with a voice vote amid tearing of papers and vociferous protest by opposition...
Burmans to sell 25% stake in Aviva Life
The billionaire Burman family is set to pare its stake and give up control of a life insurance joint venture with UK’s Aviva Plc as part of its strategy to raise capital for the core consumer goods business, two people...
Brookfield reinsurance unit to buy American National for $5.1 billion
Brookfield Asset Management Inc’s reinsurance unit has agreed to buy insurer American National Group Inc for about $5.1 billion in an all-cash deal, the companies said on Monday. Started in 1905 by William Lewis Moody...
Daily Mail publisher to sell insurance unit to Moody’s for $2 billion
The publisher of Britain’s Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody’s Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief Executive Officer Paul...
Carlyle arm plans to sell all of its 1.9% SBI Life stake
US private equity fund CA Emerald Investments, an affiliate of Carlyle Asia Partners, is looking to sell its entire 1.9 per cent stake in worth Rs 2,160 crore through the stock exchange platform on Thursday, according...
