Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
The worldwide leading award for wearable technologies, WT Innovation World Cup, has a new partner: Allianz Digital Accelerator, a company of Allianz. The Allianz Digital Accelerator develops new digital business models and accelerates ...
Tags: Allianz Digital
Manulife Financial has entered into business arrangements to reinsure the travel insurance coverage sold by Canada-based RBC Insurance through travel agencies. The companies, however, have not disclosed financial terms of the ...
Tags: Insurance
UK-based diversified insurance company Aviva is reportedly considering divesting its 26% shareholding in its Indian life insurance joint venture (JV) Aviva India, which represents its exit from the business in the country market. The ...
Tags: Aviva, Insurance JV
Private equity company CVC Capital Partners (CVC) is engaged in discussions with the Advent International in the US, to acquire British home appliance insurer Domestic & General. Sources familiar with the development were quoted by ...
Tags: Insurer, CVC Capital Partners
Manulife Financial has inked a contract to dispose of its life insurance business in Taiwan to CTBC Life Insurance Co (CTBC Life), a subsidiary of CTBC Financial. The acquisition of insurance operations of Manulife in Taiwan, which ...
Tags: Life Insurance, CTBC Life
Prudential Financial’s Individual Life Insurance business is planning to launch BenefitAccess rider on its PruLife Universal Protector policy for an extra premium. The optional rider allows policyholders to use the death benefit to ...
Tags: Life Insurance
Coface Group has expanded its network in Central Europe with the launch of its credit insurance services in Croatia. The new insurance policy, which will be issued by Coface Austria, will benefit Croatian companies and other companies who ...
Tags: Coface, Credit Insurance
Multinational quoted insurance group RSA Insurance has been appointed by Police Mutual to write its home insurance product, marking an extension of their 20-year partnership on motor insurance. RSA personal lines broker affinity ...
Tags: Insurance, Service, motor insurance
Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...
UK-based mutual life and pensions company Royal London has announced that 95% of its members have approved the acquisition of Co-operative Insurance Society (CIS), the life insurance business of the Co-operative Banking Group. Members ...
Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
Global insurance and reinsurance provider XL Group has established a new Global Programs Center of Excellence to ensure its global programs and services continue to address the changing requirements of customers and brokers worldwide. The ...
Tags: XL Group, Global Programs Center
Dutch-based specialty insurance business ANV has unveiled a newest line of business, Transaction Risk Insurance (TRI), intended to deliver locally compliant products in local languages for different regions. The company offers warranties ...
Tags: specialty insurance, Tri Line