HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
Canada based financial services group Manulife Financial and HDFC Life, the Indian affiliate of Standard Life, have submitted their bids to acquire HSBC's Indian life insurance arm, which has a market value of nearly $200m. As part of a ...
Tags: Manulife, HDFC Life, financial services
HSBC Insurance (Singapore) has agreed to dispose of its group term life insurance and group medical insurance portfolios in Singapore to AXA Life Insurance Singapore, for an undisclosed sum. According to the underwriter, the gross asset ...
Tags: HSBC, Medical Insurance, Insurance
A wholly-owned subsidiary of Bermuda-based Enstar Group (ESGR) has acquired HSBC Insurance Company of Delaware and Household Life Insurance Company of Delaware as well as its three subsidiary insurers from Household Insurance Group Holding ...
The China Insurance Regulatory Commission (CIRC) has given its approval to the sale of HSBC’s remaining $7.4bn stake in Ping An Insurance to Charoen Pokphand Group (CP Group) in Thailand. CP Group's indirect wholly-owned ...
HSBC Insurance and HSBC Asia Pacific have agreed to dispose of their entire 15.57% shareholding in Ping An Insurance (Group) Company of China to Thailand's Charoen Pokphand (CP) group for HK$72.7bn ($9.38bn). Under terms of the deal, CP ...
Tags: HSBC, Ping An Insurance, insurance, dispose
Bermuda based Enstar has embarked a definitive agreement with HSBC Finance, pursuant to which the former will acquire all of the shares of Household Life Insurance Company of Delaware and HSBC Insurance Company of Delaware, from Household ...
Tags: Enstar, HSBC, Canadian Life Insurance
Catalina Holdings (Bermuda) has agreed to acquire HSBC Holdings' two legacy businesses, HSBC Reinsurance and HSBC Insurance (Ireland). The two businesses ceased to write new business and were placed into run-off in June 2010 and June 2009 ...
Tags: Catalina Holdings, Legacy Businesses, HSBC