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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”


UK insurance group Prudential acquires Thai life insurance firm Thanachart

British insurer Prudential plc (LON:PRU) on Monday said it would buy life insurer Thanachart Life Assurance Company Ltd, a fully-owned unit of Thai lender Thanachart Bank PCL, under an exclusive 15-year partnership with … Continue reading “UK insurance group Prudential acquires Thai life insurance firm Thanachart”


UK sponsor CVC acquires majority stake in US insurance claims firm Cunningham

British private equity firm CVC Capital Partners Ltd said it had agreed to take a majority stake in US insurance claims management firm Cunningham Lindsey Group Limited, currently owned by Stone Point Capital … Continue reading “UK sponsor CVC acquires majority stake in US insurance claims firm Cunningham”


UK insurer Tawa sells stakes in reinsurance firms KX and OX

British insurer Tawa Plc (LON:TAW) said on Monday it had inked a deal to sell its interest in KX Reinsurance Co Ltd (KX Re) and its wholly-owned unit OX Reinsurance Co Ltd (OX … Continue reading “UK insurer Tawa sells stakes in reinsurance firms KX and OX”


Fund manager Ashmore acquires Aviva’s stake in Chinese joint venture

British fund manager Ashmore Investment Management Ltd will acquire its competitor Aviva Investors’ 49% stake in a proposed Chinese joint venture with China Central Securities. The UK fund manager has been seeking to … Continue reading “Fund manager Ashmore acquires Aviva’s stake in Chinese joint venture”


Prudential completes $418m acquisition of US life insurer SRLC America

British insurer Prudential plc (LON:PRU) said on Wednesday that its fully-owned unit Jackson National Life Insurance Company had closed the buy of US life insurer SRLC America Holding Corp from parent Swiss Re … Continue reading “Prudential completes $418m acquisition of US life insurer SRLC America”


UK insurance firm Charles Taylor enters Saudi Arabia with Nilaco deal

British insurance services provider Charles Taylor plc (LON:CTR) on Thursday said it had agreed to buy 60% in Saudi Arabia’s Noble Inspection and Loss Adjustment Company (Nilaco), in a move to take its … Continue reading “UK insurance firm Charles Taylor enters Saudi Arabia with Nilaco deal”


UK insurance group Aviva puts its US business on the block

UK insurance major Aviva Plc (LON:AV) is gearing for a sale of its US business after receiving several unsolicited approaches from trade buyers and private equity groups, the Sunday Telegraph reported without specifying … Continue reading “UK insurance group Aviva puts its US business on the block”


AIG’s German arm raises offer for property investor AIRE

AIG Century GmbH & Co KGaA, part of US insurance major American International Group Inc (NYSE:AIG), said on Monday it had hiked its voluntary tender offer for German real estate investor AIRE GmbH … Continue reading “AIG’s German arm raises offer for property investor AIRE”


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