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...
ICICI Bank gets RBI’s nod to raise stake in ICICI Lombard
The Reserve Bank of India (RBI) has given approval to the ICICI Bank for raising stake in one of its subsidiaries ICICI Lombard General Insurance Company Limited. The central bank of India has granted ICICI Bank to...
Australia regulator blocks $3.2 bln ANZ-Suncorp bank deal
Australia’s competition regulator on Friday blocked a A$4.9 billion ($3.2 billion) buyout planned by No.4 bank ANZ Group of insurer Suncorp’s banking arm, setting the scene for a drawn-out legal challenge...
Bandhan Financial Holdings to acquire Aegon Life Insurance
Bandhan Financial Holdings (BFHL) has entered into an agreement to acquire the entire stake of Aegon and Bennett, Coleman & Co. Ltd (BCCL) in Aegon Life Insurance. The insurance buyout will allow Kolkata-based...
Religare may sell 6-7% of its health insurance business
Religare Enterprises Ltd is in early talks with private equity (PE) investors to sell 6-7% in its subsidiary Care Health Insurance Ltd to raise as much as ₹1,200 crore, three people close to the matter said. The talks...
HDFC buys ₹992 cr stake in life business
Leading mortgage financier HDFC Ltd on Tuesday purchased 1.5 crore shares of HDFC Life Insurance Company Ltd for ₹992.6 crore through a bulk deal on the NSE. The deal values the insurer at ₹1.43 lakh crore. The shares...
Bupa looks to raise stake in health joint venture
UK-based healthcare services and insurance provider Bupa is in talks with domestic private equity firm True North to pick a part of the PE firm’s stake in Niva Bupa Health Insurance Co, a joint venture between the...
Generali to buy Liberty Mutual’s Spanish Unit in $2.5 billion all-cash deal
Generali will buy out the Spanish unit of U.S. insurer Liberty Mutual for 2.3 billion euros ($2.51 billion), in a move aimed at strengthening its property and casualty segment, Italy’s top insurer said on Thursday...
