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...
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...
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...
