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...
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...
