The Federal Deposit Insurance Corporation’s board of directors approved a proposal Monday to roll back a Biden-era policy that ramped up the scrutiny of large bank mergers, the agency said in a statement on Monday...
Insurance
Caltagirone has raised his stake in Generali to 8%, MF daily says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate...
Why Piramal wants to exit its decade-plus insurance ventures with Shriram
Piramal Enterprises Ltd is planning to sell its holdings in Shriram Group’s insurance ventures for ₹4,000-5,000 crore, two people aware of the matter said, as it looks to sharpen focus on its core lending business...
360 ONE Asset to acquire 15% stake in Bharti AXA Life Insurance
360 ONE Asset today is set to acquire a 15% stake in Bharti AXA Life Insurance as part of a strategic investment and this is expected to unlock new avenues for innovation and expand Bharti AXA’s footprint in India’s...
Britain’s L&G sells US protection unit to Japanese insurer for $2.3 billion
Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the...
Piraeus in exclusive talks with CVC to buy 70% of Greek insurer Ethniki
Piraeus Financial, one of Greece’s four largest banks, said on Thursday that is in exclusive talks with CVC Capital Partners to acquire 70% of Ethniki Insurance. Piraeus CEO Christos Megalou told journalists...
U.S. insurer Brighthouse Financial exploring sale, source says
Brighthouse Financial is exploring options including a potential sale of the U.S. life insurance and annuity provider, according to a source familiar with the matter on Tuesday. Charlotte, North Carolina-based...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Allianz scraps proposed acquisition of Singapore’s Income Insurance, source says
Allianz SE has scrapped a proposed $1.5 billion euro acquisition of a 51% stake in Singaporean firm Income Insurance Ltd because of public opposition to the deal, a source familiar with the matter said. The move would...
Nippon Life to buy Resolution in $8.2 billion deal as it pursues US growth
Nippon Life Insurance plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion – an all-cash deal that gives Japan’s biggest insurer a firmer footing in the U...
Nippon Life to buy Resolution Life in $8.2 billion deal
Nippon Life Insurance said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market. The all-cash deal represents...
Aviva sweetens Direct Line bid to $4.33 billion, Bloomberg News reports
Insurance company Aviva has sweetened its bid for UK’s Direct Line to about 3.4 billion pounds ($4.33 billion), or 261 pence per share, Bloomberg News reported on Thursday, citing people familiar with the matter...
