The government may consider selling up to 5 per cent stake in the state insurer Life Insurance Corporation (LIC) this financial year in order to meet the minimum public shareholding (MPS) norm, Business Line reported...
Insurer Ryan Specialty strikes up to $1.48 bln deal for US Assure
Insurer Ryan Specialty said on Thursday it has agreed to buy specialized builder’s risk insurance firm US Assure Insurance Services of Florida. The deal includes a cash payment of about $1.08 billion and an...
BNP Paribas in talks to buy AXA Investment Managers for 5.1 bln euros
BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro zone’s biggest bank said on Thursday. For...
Allianz to buy majority stake in Singapore’s Income Insurance
German insurer Allianz said on Wednesday that it was planning to buy a majority stake in Singapore’s Income Insurance for about $1.6 billion to strengthen its foothold in Asia. The offer by Allianz, one of...
Allianz plans to buy majority stake in Singapore’s Income Insurance
Germany’s Allianz said on Wednesday that it was planning to buy a majority stake in Singapore’s Income Insurance for around $1.6 billion. Allianz said it would offer 40.58 Singapore dollars per share for a...
German Allianz to invest in China’s mega pension company with 2% stake
Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China’s pension insurance giant Guomin Pension. AGI was allowed to...
Zurich Insurance completes acquisition of 70% Kotak Mahindra General Insurance stake in a ₹5,560-crore deal
Zurich Insurance Company Ltd has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Company Limited. Zurich acquired a 70 per cent stake in Kotak General Insurance for ₹5,560 crore (USD 670...
Axis Bank acquires additional stake in Max Life Insurance subsidiary for ₹336 crore
Axis Bank has acquired additional equity shares of Max Life Insurance Company, a subsidiary of Max Financial Services, for ₹336 crore, the private lender announced on Wednesday. The bank’s board of directors...
Finland’s Sampo makes $4.7 bln bid for Topdanmark
Finnish insurer Sampo has agreed to buy Topdanmark in an all-share deal that values the Danish rival at 33 billion crowns ($4.73 billion), the two companies said on Monday. Sampo already owns 48.5% of the Danish...
LIC looks to buy a standalone private health insurer
Life Insurance Corp. of India (LIC) is planning to acquire one of India’s five private standalone health insurance companies to secure a beachhead in the country’s growing health insurance market, two LIC...
Centre’s next round of stake sale in LIC now likely in FY2026
The next round of the government’s stake sale in Life Insurance Corporation (LIC) is only likely to take place in FY26 as the Centre pauses the privatization process this year to assess investor appetite, two...
InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by TVS Capital and Goldman Sachs Asset Management, is set to acquire a majority stake in BankSathi, a distributor of credit cards and personal loans which counts Kotak...
