360 ONE Asset today is set to acquire a 15% stake in Bharti AXA Life Insurance as part of a strategic investment and this is expected to unlock new avenues for innovation and expand Bharti AXA’s footprint in India’s...
Britain’s L&G sells US protection unit to Japanese insurer for $2.3 billion
Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the...
Piraeus in exclusive talks with CVC to buy 70% of Greek insurer Ethniki
Piraeus Financial, one of Greece’s four largest banks, said on Thursday that is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance. Piraeus CEO Christos Megalou told journalists...
U.S. insurer Brighthouse Financial exploring sale, source says
Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday. Charlotte, North Carolina-based...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Nippon Life to buy Resolution in $8.2 billion deal as it pursues US growth
Nippon Life Insurance plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion – an all-cash deal that gives Japan’s biggest insurer a firmer footing in the U...
Nippon Life to buy Resolution Life in $8.2 billion deal
Nippon Life Insurance said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market. The all-cash deal represents...
Aviva sweetens Direct Line bid to $4.33 billion, Bloomberg News reports
Insurance company Aviva has sweetened its bid for UK’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with the matter...
PZU considers selling Alior Bank stake to Pekao under new strategy
Poland’s top insurer PZU said on Monday it was considering selling its 32% stake in Alior Bank to Pekao, in which it holds 20%, as it seeks to simplify its structure under a new 2025-2027 strategy. PZU and Pekao...
Insurer Direct Line rejects Aviva’s $4.16 billion takeover bid
British insurer Direct Line Insurance on Wednesday rejected a takeover offer of 3.28 billion pounds ($4.16 billion) from bigger rival Aviva, saying it “substantially undervalued” the company. On Nov. 19...
Lockton gets IRDAI nod to buy Arihant Insurance Broking
American insurance broker Lockton has received approval from I Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services Limited, part of the Arihant Capital Group...
