Belgian insurer Ageas and Swiss rival Helvetia have advanced to the final stages of an auction for Spain’s Caser Seguros that values the 77-year old insurer at about 1 billion euros, sources told Reuters. Caser will...
DHFL bankruptcy: Irdai rules out troubles for two insurance arms; asks insurers to write off exposure
The two insurance subsidiaries of the crippled mortgage lender Dewan Housing Finance (DHFL) are unlikely to be impacted by the ongoing bankruptcy proceedings of their parent as they continue to have adequate solvency...
Britain’s Phoenix to buy Swiss Re’s ReAssure business for $4.1 billion
Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer’s biggest deal to date as it bulks up on policies closed to new...
IRDAI approves sale of 51% stake in Max Bupa to True North: Max India
Max India on Tuesday said the Insurance Regulatory and Development Authority of India (IRDAI) has approved the sale of its 51 per cent stake in Max Bupa Health Insurance Company to private equity firm True North. With...
Max India sells its stake in Max Bupa but policyholders needn’t worry
Max India Limited has informed stock exchanges that the regulator – Insurance Regulatory and Development Authority of India (IRDAI) – has given the green light to the company to sell its entire stake in Max Bupa...
Centene to sell Illinois health plan unit to CVS to aid merger with WellCare
Health insurer Centene Corp said on Monday it had entered an agreement to sell its Illinois unit to CVS Health Corp, moving a step closer to closing its $15.27 billion deal to buy smaller rival WellCare Health Plans Inc...
Four insurers battle for Spanish market share with Caser takeover: sources
The Netherlands’ biggest insurer NN Group NV and Belgian rival Ageas are vying to win market share in Spain as they prepare final offers to take control of domestic insurer Caser Seguros ahead of a Dec. 3 bid deadline...
Insurance tech startup Acko raises funds from Ascent
Insurance tech startup Acko General Insurance Ltd has raised $16 million in fresh funding from growth capital provider Ascent Capital, according to the company’s filings with the registrar of companies (RoC), sourced...
Aviva Life settles insolvency case in NCLT
Aviva Life Insurance on Wednesday said the insolvency case filed against the company, in a matter involving commercial dispute of Rs 27 lakh, has been settled. Earlier this month, the National Company Law Tribunal...
AIG to sell 76.6% stake in Fortitude Re for $1.8 billion
U.S. insurer American International Group Inc said on Monday it would sell a major portion of its stake in reinsurer Fortitude Re to buyout fund Carlyle Group and Japanese insurer T&D Holdings for about $1.8 billion...
Insurer MetLife to buy estate planning service provider Bequest
U.S. insurer MetLife Inc said on Wednesday it would buy Bequest Inc, which helps customers draw up legally valid wills and estate planning documents online, for an undisclosed amount. The deal is the latest example of...
Carlyle Group sells 3% stake in SBI Life in open market for Rs 2,800 cr
Private equity firm Carlyle Group on Tuesday divested 3 per cent stake in SBI Life Insurance for over Rs 2,800 crore through an open market transaction. Carlyle Group, through its entity CA Emerald Investment, had...
