Zurich Insurance Company will acquire a 70 per cent stake in Kotak General Insurance Company Limited for ₹5,560 crore in a single tranche, informed Kotak Mahindra Bank in a regulatory filing to the stock exchanges on...
Achmea in talks with NN Group, Athora to sell life insurance business, sources say
Dutch insurer Achmea has held early stage discussions about a potential sale of its life insurance operations, including with rivals NN Group and Apollo Global Management-backed Athora, four people familiar with the...
Bharti Group in talks with SBI Life, others to sell insurance business
Bharti Group is in advanced talks with SBI Life and some other insurers to sell its now wholly owned life insurance venture Bharti AXA Life Insurance, people aware of the negotiations told ET. The move comes after...
Cigna nears $3 bln-$4 bln deal to sell Medicare Advantage unit – source
Health insurer Cigna Group is in exclusive talks to sell its Medicare Advantage business to Health Care Service Corp (HCSC) in a deal that could value the unit between $3 billion and $4 billion, a source familiar with...
UnitedHealth agrees to sell Brazil operations to Qualicorp founder
UnitedHealth Group said it had agreed to sell its operations in Brazil to the founder and former CEO of health insurance firm Qualicorp José Seripieri Filho. Last week, two sources had told Reuters about the sale of...
Cigna abandons pursuit of Humana, plans $10 billion share buyback
U.S. health insurer Cigna has ended its attempt to negotiate an acquisition of rival Humana after the pair failed to agree on price, two sources familiar with the situation said on Sunday, as the company announced plans...
US health insurers Humana, Cigna in talks to merge – source
U.S. health insurer Cigna is in talks to merge with peer Humana, a source familiar with the matter said on Wednesday, a deal that could exceed $60 billion in value and would be certain to attract fierce antitrust...
KKR to buy remaining stake in insurer Global Atlantic for $2.7 billion
KKR & Co said it would buy a remaining 37% stake in Global Atlantic Financial Group that it does not already own for $2.7 billion in an all-cash deal. Private equity firm KKR has served as the manager of Global...
CCI approves acquisition of additional stake in Niva Bupa Health Insurance
Fair trade regulator CCI approved the acquisition of an additional stake in Niva Bupa Health Insurance Company by Bupa Singapore Holdings Pte. Bupa Singapore Holdings is a shareholder of Niva Bupa and a subsidiary of...
CCI clears Bharti Group’s 49 pc stake buy in Bharti AXA Life Insurance
Fair trade regulator Competition Commission of India (CCI) has cleared Bharti Group’s proposed 49 per cent stake purchase in Bharti AXA Life Insurance Co Ltd. Bharti AXA Life Insurance Company Ltd (BALIC) is...
Kotak Mahindra Bank to sell 51% stake in Kotak General Insurance to Zurich Insurance for Rs 4,051 crore
Kotak Mahindra Bank will sell majority stake in its subsidiary Kotak Mahindra General Insurance Company to Zurich Insurance Company for Rs 4,051 crore. Kotak Mahindra Bank, Kotak Mahindra General Insurance and Zurich...
Cadence Bank to sell insurance business to Arthur J Gallagher for $904 mln
Cadence Bank will sell its insurance brokerage unit to Arthur J Gallagher for $904 million to narrow its focus and redeploy capital to its core banking business, the lender said on Tuesday. Banks have been retreating...
