Tuesday, 20/11/2018 | : : UTC-5
Insurance Breaking News | Home & Auto Insurance
  • Generali to promote wealth and providers models for €409m
    Generali to promote wealth and providers models for €409m

    IBR Employees Author Revealed 20 July 2018 Italian insurance coverage firm Generali has agreed to promote two of its enterprise models Generali Worldwide Insurance coverage and Generali Hyperlink to Life Firm Consolidation Group (LCCG). Generali will obtain about €409m as base consideration together with a further €10m in contingent consideration to be paid at completion […]

    Read more
  • Allianz acquires Nigerian insurer Guarantee Insurance coverage
    Allianz acquires Nigerian insurer Guarantee Insurance coverage

    IBR Employees Author Revealed 19 July 2018 Allianz Group has accomplished the acquisition of a 99.03% stake in Nigerian insurer Guarantee Insurance coverage from its principal shareholder Greenoaks International Holdings (GGH) for an undisclosed worth. The Germany-based insurance coverage firm had signed an settlement with GGH in August 2017 in a transfer to get full entry […]

    Read more
  • Mitsui Sumitomo to purchase 37.5% stake in BoComm Life from Commonwealth Financial institution
    Mitsui Sumitomo to purchase 37.5% stake in BoComm Life from Commonwealth Financial institution

    IBR Employees Author Revealed 25 Might 2018 Mitsui Sumitomo Insurance coverage (MSI) has agreed to accumulate 37.5% stake in Chinese language insurance coverage firm BoComm Life Insurance coverage from Commonwealth Financial institution’s subsidiary Colonial Mutual Life Assurance Society (CMLA) for RMB3.2bn ($668m). The transaction is topic to regulatory approval from the China Banking and Insurance […]

    Read more
  • Allianz to purchase eight% stake in African Reinsurance
    Allianz to purchase eight% stake in African Reinsurance

    IBR Employees Author Revealed 31 Might 2018 Germany-based insurance coverage firm Allianz Group has agreed to accumulate a eight% minority stake in African Reinsurance (Africa Re). As per the deal phrases, the whole money consideration payable at completion would quantity to $81m. The deal makes Allianz one of many largest shareholders of Africa Re. The funding […]

    Read more
  • Lloyd’s CEO Inga Beale to step down subsequent yr
    Lloyd’s CEO Inga Beale to step down subsequent yr

    IBR Employees Author Revealed 02 July 2018 Lloyd’s of London’s CEO Inga Beale is about to step down from her publish subsequent yr, after serving for a interval of 5 years. Beale has been main the worldwide insurance coverage and reinsurance market since January 2014. She turned the primary lady to carry the position within […]

    Read more
  • Delek scraps settlement to promote stake in Phoenix to Sirius
    Delek scraps settlement to promote stake in Phoenix to Sirius

    IBR Employees Author Revealed 03 July 2018 Sirius Worldwide Insurance coverage’s proposed $684m acquisition of the Delek Group’s 52.25% stake in Israeli insurance coverage firm Phoenix has been scrapped after failing to get the required regulatory approvals. In final November, the Bermuda-based Sirius signed a cope with Delek underneath which the previous would purchase out […]

    Read more
  • Generali to extend stake in Indian insurance coverage ventures
    Generali to extend stake in Indian insurance coverage ventures

    IBR Employees Author Revealed 27 June 2018 Italian insurance coverage firm Generali Group has agreed to extend its stake in its insurance coverage ventures in India to 49% from 25.5%. The corporate has signed an settlement with Future Group on this regard. This transaction is predicted to shut within the second half of this yr, […]

    Read more
  • AIG Life to purchase Ellipse from Munich Re
    AIG Life to purchase Ellipse from Munich Re

    IBR Employees Author Revealed 22 June 2018 AIG Life, a UK subsidiary of AIG Life & Retirement, has agreed to accumulate Ellipse, an insurer that gives group danger insurance coverage, from Munich Re. Monetary phrases of the transaction haven’t been disclosed. The businesses said that the transaction can be absolutely funded in money. The deal […]

    Read more
  • ADIA to purchase 21.four% stake in specialist UK insurer from J.C. Flowers
    ADIA to purchase 21.four% stake in specialist UK insurer from J.C. Flowers

    IBR Employees Author Revealed 20 June 2018 The Abu Dhabi Funding Authority (ADIA) has agreed to accumulate as much as 21.four% stake in Pension Insurance coverage Company Group from J.C. Flowers. Monetary phrases of the stake acquisition weren’t disclosed. Pension Insurance coverage Company Group is the dad or mum firm of Pension Insurance coverage Company […]

    Read more
  • LCCG to accumulate Equitable Life for £1.8bn
    LCCG to accumulate Equitable Life for £1.8bn

    IBR Employees Author Revealed 18 June 2018 European life assurance group Life Firm Consolidation Group (LCCG) has agreed to accumulate Equitable Life Assurance Society (Equitable Life) for £1.8bn. Underneath the deal, Equitable Life and all of its enterprise will probably be transferred to Reliance Life, a specialist UK run-off supervisor established by LCCG. As per […]

    Read more
  • M&G Prudential extends partnership with TCS
    M&G Prudential extends partnership with TCS

    IBR Employees Author Revealed 13 June 2018 M&G Prudential and Tata Consultancy Providers (TCS) have prolonged their settlement, beneath which TCS will handle a further of 1.eight million buyer insurance policies in a $668m deal. In January 2018, TCS had introduced a $690m contract with the insurer to handle over 4 million buyer insurance policies […]

    Read more