Insurer MetLife Inc said on Thursday it will buy vision-care benefits company Versant Health for $1.68 billion from an investor group led by Centerbridge Partners and FFL Partners, to strengthen its vision insurance...
Acko raises $60 million led by Munich Re Ventures
Bengaluru-based insurtech start-up Acko has raised $60 million in its Series D funding led by Germany-based Munich Re Ventures, with participation from existing investors Amazon, RPS Ventures and Intact Ventures Inc...
Arch Capital-led group in $500 million bid for reinsurer Watford – sources
A consortium led by insurer Arch Capital Group Ltd has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd, people familiar with the matter said on Tuesday. The bid comes more than...
Japan’s Sompo to buy U.S. crop insurer from CGB Enterprises
Japanese insurer Sompo Holdings Inc will buy Diversified Crop Insurance Services, the U.S. crop insurance unit of U.S. grain shipper CGB Enterprises Inc, Sompo said. The acquisition will make Sompo one of the largest...
Liberty General promoters infuse Rs 100 cr; firm quells stake sale rumours
Private insurer Liberty General Insurance (LGI) on Friday said its promoters have infused Rs 100 crore in the company last month, reflecting their confidence in the firm’s ability to build a substantial business...
Sachin Bansal eyes Liberty General Insurance
Sachin Bansal, co-founder of India’s biggest online retailer Flipkart, is in talks with the promoters of Liberty General Insurance Ltd to buy out its insurance business, two people aware of the negotiations said...
ICICI Lombard-Bharti AXA deal seen a leg-up for bancassurance sector
ICICI Lombard’s deal with Bharti AXA General Insurance is expected to increase the market share of the company in the motor insurance segment. It will also enhance its business through the bancassurance and corporate...
In share swap deal, ICICI Lombard to acquire Bharti AXA General Insurance
In a share swap deal, non-life insurer ICICI Lombard General Insurance Company will acquire the business of Bharti AXA General Insurance Company Ltd. In a regulatory filing late Friday, ICICI Lombard said the boards of...
Chinese insurance tech firm Waterdrop raises $230 million, plans U.S. IPO
Chinese online insurance technology platform Waterdrop Inc has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday. Waterdrop’s existing...
Sampo, RMI scoop up UK insurer Hastings in $2.2 billion cash deal
British motor insurer Hastings has agreed to be bought by Finland’s Sampo and South Africa’s Rand Merchant Investment (RMI) in a cash deal valuing it at 1.66 billion pounds ($2.2 billion), the insurers said on Wednesday...
Exor and Covea agree investments to settle relationship after failed PartnerRE deal
Italy’s Exor said on Monday that French insurer Covea had agreed to invest a total of 1.5 billion euros ($1.8 billion), partly in entities managed by PartnerRE, after walking away from a deal to buy the reinsurer from...
ICICI Lombard in talks to acquire Bharti AXA General Insurance
ICICI Lombard General Insurance has initiated talks to acquire Bharti Enterprises backed Bharti AXA General Insurance in all stock transaction, according to sources. Bharti Enterprises currently owns 51% stake in Bharti...
