German insurer Allianz said it has entered into definite agreements to sell its 49% stake in CPIC Fund Management Co. to Chinese investment bank Guotai Junan Securities. The transaction will unwind a tie-up dating back...
Allianz aims to sell 49% stake in fund manager JV to Guotai
German insurer Allianz said it has entered into definite agreements to sell its 49% stake in CPIC Fund Management Co. to Chinese investment bank Guotai Junan Securities. The transaction will unwind a tie-up dating back...
Generali to sell TUA Assicurazioni to Allianz in $295 million deal
Generali said that it has reached an agreement with German insurance heavyweight Allianz for the sale of TUA Assicurazioni for 280 million euros ($295 million) in cash. Mediobanca, Banca di Credito Finanziario and...
Prosperity Life’s unit to buy insurer National Western in $1.9 bln deal
A unit of insurer Prosperity Life Group has agreed to buy National Western Life Group in a deal valued at $1.9 billion, the companies said on Monday, sending shares of the Texas-based life insurer to their highest...
Truist in talks to sell insurance business for $10 bln – Semafor
Truist Financial Corp is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday. In February, Truist sold a 20% stake in its $14...
Cinven eyes sale of German life insurer Viridium – sources
Cinven is considering a sale of German life insurer Viridium after another of its insurance investments in Europe, Eurovita, was hit by heavy customer outflows earlier in the year, three people familiar with the matter...
UK’s Bupa to acquire 20% stake in health insurer Niva Bupa from JV partner True North
Homegrown private equity firm True North said that it has agreed to sell 20% of its stake in Niva Bupa, a health insurance company, to its joint venture partner Bupa, a UK-based healthcare services and insurance...
Aviva to buy AIG’s UK life insurance business for $563 million
Aviva said it had agreed to buy the UK life insurance business of AIG for 460 million pounds ($563 million), in the largest acquisition to date by the British insurer’s CEO Amanda Blanc. Aviva said it would buy...
Aviva to sell Singlife joint venture stake for $1 billion
Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on...
Canada’s Intact to buy UK-based Direct Line’s brokered commercial lines unit
Canadian property and casualty insurer Intact Financial said it would buy British insurer Direct Line’s brokered commercial lines operations for an initial payment of 520 million pounds ($650 million) to expand...
U.S. insurance broker Marsh to buy Australia’s Honan
U.S. insurance broker Marsh, a unit of Marsh & McLennan said that it would acquire Australia’s Honan Insurance Group, it said in a statement on Sunday. Marsh didn’t disclose terms of the acquisition...
Life insurer Monument Re explores options including sale -sources
Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital ratios last year, people familiar with the matter told Reuters. Citigroup and Fenchurch...
