Indian financial services firm Reliance Capital is in talks with potential partners to sell up to 26 percent in its general insurance business though a deal may be at least six months away, its chief executive told reporters late on …
AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc’s planned sale of its general insurance business, sources familiar with the matter told Reuters. HSBC, Europe’s biggest bank, launched the sale in September in a deal …
Torus announced that it has entered into an agreement with Starr Underwriting Agents Limited whereby Torus Syndicate 2243 acquires the renewal rights to CV Starr Syndicate 1919’s Continental European Marine, Casualty, Financial Lines and General Property business, effective January 1, …
State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti AXA Investment Managers Pvt Ltd from the firm’s two joint venture partners. Bharti AXA Investment Managers is a tie-up between Bharti Enterprises, …
IBTX Risk Services IBTX Risk Services has moved its Dallas/Fort Worth office location to the Las Colinas Corporate Center II in Irving, Texas. The move provides a facility upgrade from the firm’s previous location and offer numerous benefits for employees, …
Marsh & McLennan Agency, Seitlin Marsh & McLennan Agency, a subsidiary of insurance broker Marsh Inc., has acquired Seitlin Insurance, one of the largest insurance brokers in south Florida. Terms of the transaction were not disclosed. Seitlin has annual revenue …
Everest Everest Re Group Ltd. is expanding its professional liability insurance operation, Everest Specialty Unit (ESU), with the opening of a west coast regional office. Currently based in New York, ESU will be establishing its west coast facility in Oakland, …
Alleghany Corp., Transatlantic Holdings New York-based Transatlantic Holdings Inc., which called off a merger deal with Allied World Assurance Co. in September, agreed to be acquired by Alleghany Corp. in New York. The cash-and-stock deal is valued at around $3.4 …
Arthur J. Gallagher & Co., Trissel Graham & Toole Itasca, Ill.-based Arthur J. Gallagher & Co. has acquired Trissel Graham & Toole Inc., headquartered in Davenport, Iowa. With roots dating back to 1896, Trissel Graham & Toole (TGT) offers risk …
Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France’s AXA, the two Indian companies said on Friday. Reliance said the negotiations to acquire Bharti’s 74 percent stakes …
