RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible offer for the company, the British insurer said on Thursday. The offer is for 685 pence in cash per RSA...
Three Axis entities to jointly buy upto 19% stake in Max Life
Private lender Axis Bank Ltd on Friday said that it will acquire up to 19% in Max Life Insurance Co. Ltd. through various Axis entities since the Reserve Bank of India has turned down the bank’s earlier proposal...
Insurance firm Equitable inks $12 billion reinsurance deal with Venerable
Equitable Holdings Inc EQH.N said on Tuesday it has entered into an agreement with Venerable Holdings Inc to reinsure about $12 billion in annuities, which will help the insurance firm to return capital to its...
Sun Life to acquire majority stake in Crescent Capital Group
Canadian insurer Sun Life Financial Inc will buy a majority stake in alternative credit investment manager Crescent Capital Group LP for up to $338 million, the companies said on Wednesday. Sun Life will acquire a 51%...
American Equity partners with Brookfield, rejects Athene, MassMutual takeover bid
American Equity Investment Life Holding Co said on Sunday that it entered into a strategic partnership with Brookfield Asset Management Inc and rejected an unsolicited acquisition proposal from Athene Holding Ltd and...
Walmart to sell Medicare plans in latest healthcare push
Walmart Inc said on Tuesday it would sell Medicare insurance plans in 50 states and Washington D.C. through its broker, marking the U.S. retailer’s latest move into the healthcare space. Walmart Insurance Services...
Blackstone sells 36% stake in UK insurer Rothesay Life
Private equity firm Blackstone has sold its 36% shareholding in Rothesay Life to existing shareholders Singapore fund GIC and U.S. insurer MassMutual, the UK insurer and annuity provider said on Wednesday. The stake...
Govt considers selling 25% stake in LIC to plug widening budget gap: Report
India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to plug a widening budget...
China’s Ping An Insurance boosts HSBC stake
Ping An Insurance Group Co of China Ltd, the biggest shareholder in HSBC Holdings Plc, has bought additional shares in the British bank to take its stake to 8%. The insurer bought 10.8 million shares at an average price...
Aviva in talks for piecemeal sale of Italy business: sources
Aviva is weighing a piecemeal sale of its Italian business which consists of two joint venture agreements focused on life insurance as well as general insurance policies handled by a network of agents, sources familiar...
Allianz-led consortium in advanced talks to take on Aviva’s French arm – sources
A consortium of German insurer Allianz and life insurer Athora Holding is in advanced talks to buy Aviva’s French operations in a deal worth between 2 and 3 billion euros ($2.3-$3.5 billion), sources close to the...
HDFC Life enters into partnership with YES Bank to sell insurance policies
HDFC Life on Tuesday said it has entered into a partnership with YES Bank to sell policies to the bank’s customers. HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement, it said in a...
