Delta Lloyd NV started selling its entire 30.2 percent stake in wealth manager Van Lanschot NV as part of the insurer’s plan to boost capital. A total of 11.3 million existing depository receipts of Van Lanschot are on sale at …
AXA SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry. AXA will sell about 200 million euros of stock in tobacco companies and …
Delta Lloyd NV rose to the highest since December after shareholders approved a contested plan to raise 650 million euros ($720 million) in a rights offer to improve its capital levels. The stock gained as much as 6.6 percent in …
Zurich Insurance Group AG agreed to buy a Wells Fargo & Co. crop insurance business for as much as $1.05 billion as the Swiss company puts to work excess cash left over from a separate takeover bid that it abandoned …
Zurich Insurance Group AG’s Chief Executive Officer Martin Senn resigned, acknowledging “setbacks” in recent months as losses forced the company to abandon a high-profile takeover bid for RSA Insurance Group Plc. Chairman Tom de Swaan has been named interim CEO …
Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The shares dropped. “We realize this is a …
