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London-listged publisher Euromoney acquires Insider Publishing

UK group Euromoney Institutional Investor Plc (LON:ERM) said on Tuesday it had bought local insurance and reinsurance information and events business Insider Publishing Ltd for an initial sum of GBP16.8m (USD25.4m/EUR19.6m). By doing … Continue reading “London-listged publisher Euromoney acquires Insider Publishing”


No substitute for age and experience, say car insurance companies

Car insurance companies now have only two criteria when it comes to offering their best premiums, age and experience. With the ruling by the European Court of Justice that came into force on … Continue reading “No substitute for age and experience, say car insurance companies”


UK insurance group Aviva agrees to sell Russian life and pension arm

UK insurer Aviva plc (LON:AV) on Wednesday said it was disposing of its Russian life and pensions business to local non-state pension fund Blagosostoyanie for EUR35m (USD46m) in cash. The deal is in … Continue reading “UK insurance group Aviva agrees to sell Russian life and pension arm”


Aviva mandates Barclays to find buyers for Turkish insurance arm

UK insurer Aviva Plc (LON:AV) has picked Barclays Plc (LON:BARC) to assist it in selling its Turkish non-life insurance unit Aviva Sigorta AS, according to media reports today. Aviva, which had announced a … Continue reading “Aviva mandates Barclays to find buyers for Turkish insurance arm”


Local insurance groups mull bids for HSBC’s Indian life insurance venture

Indian life insurers HDFC Life, Birla Sun Life and ICICI Prudential Insurance Co are considering a potential deal for the local life insurance joint venture of UK’s HSBC Holdings Plc (LON:HSBA), two sources … Continue reading “Local insurance groups mull bids for HSBC’s Indian life insurance venture”


Italian insurer Generali takes control of eastern European venture in £2.5bn deal

Italian insurance major Generali SpA (BIT:G) on Tuesday announced a EUR2.52bn (USD3.3bn) deal that would see it take full control of its eastern European joint venture GPH and put an end to its … Continue reading “Italian insurer Generali takes control of eastern European venture in £2.5bn deal”


Sumitomo Life close to acquiring 18% stake in Vietnamese Bao Viet from HSBC

Japanese insurer Sumitomo Life Insurance Company is nearing an agreement to buy  an 18% stake in Vietnamese financial services group  BaoViet Holdings from British banking giant HSBC (LON:HSBA), Reuters reported citing a knowledgeable source. … Continue reading “Sumitomo Life close to acquiring 18% stake in Vietnamese Bao Viet from HSBC”


US Treasury sells remaining AIG shares for $7.6bn

New York-based insurer American International Group, Inc. (NYSE: AIG) has announced the completion of an offering of approximately 234.2m shares of AIG common stock by the US Department of the Treasury (Treasury). According to AIG, Treasury received proceeds of approximately USD 7.6bn from the sale. The sale … Continue reading “US Treasury sells remaining AIG shares for $7.6bn”


HSBC agrees to sell stake in Chinese insurer Ping An to Thailand’s Charoen in $9.4bn deal

British banking and financial services group HSBC Holdings Plc (LON:HSBA) on Wednesday announced a HKD72.74bn (USD9.4bn/EUR7.2bn) agreement for the sale of its 15.57% in Chinese insurer Ping An Insurance (Group) Company of China … Continue reading “HSBC agrees to sell stake in Chinese insurer Ping An to Thailand’s Charoen in $9.4bn deal”


HSBC in talks to sell stake in Chinese insurance firm Ping An

British banking and financial services group HSBC Holdings Plc (LON:HSBA) on Monday said it was negotiating the sale of its 15.57% stake in Chinese insurer Ping An Insurance (Group) Company of China Ltd … Continue reading “HSBC in talks to sell stake in Chinese insurance firm Ping An”


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