A report by Swiss research company MyPrivateBanking concludes that while the “mobile app revolution” has reached the insurance industry, adoption of the popular technology is “still at a very early stage, showing patchy and inconsistent deployment.” The survey involved a …
“People like us who buy Ferraris don’t care too much about insurance because we buy cars for speeding,” said Li, in his twenties and the son of a Pearl River Delta factory owner, as he took delivery of a new …
Allianz SE, Europe’s biggest insurer, will proceed with caution as it searches for takeover gems among the jetsam washed up by the financial market storm. The German group has said it is ready to come out of its shell to …
HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia’s QBE Insurance Group for $914 million in cash, as Europe’s biggest bank moves ahead with its plan to divest non-core assets. The deal, the …
British bank HSBC Holdings Plc is nearing a deal to sell its general insurance business for about $1 billion, sources familiar with the matter told Reuters, with French insurer AXA SA and Australia’s QBE Insurance Group Ltd. expected to split …
The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging it with peer Unipol. …
European insurers Axa and Zurich Financial suffered on all sides last year as Europe’s debt crisis ate into their sovereign bond holdings, catastrophe claims emptied coffers and the downturn cut demand for life cover. Axa, Europe’s No. 2 insurer, said …
France’s AXA Group and ACE Limited are the final two suitors in the hunt to buy HSBC’s $1 billion general insurance business, people familiar with the matter said. HSBC, Europe’s biggest bank, started the sale of the unit in September …
Standard & Poor’s Ratings Services has followed up on the rating actions it announced in December concerning a number of Europe’s largest insurers. S&P has lowered its ratings on the following insurers (and certain related operating subsidiaries and certain holding …
France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net premiums written, reflects the dominance …
