MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said late on Tuesday it …
British insurer Aviva PLC is selling its Vietnamese business to Canadian insurer ManuLife Financial Corp, it said on Monday, as it pushes ahead with plans to pull out from its non-core markets. Aviva, under new boss Amanda Blanc, is looking …
Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for a deal worth A$725 million (US$534 million). It will also enter into a new 20-year exclusive agreement for the distribution …
INSTANDA, the customer and policy management platform for the insurance industry, has launched its first African insurance market product on its platform with newly onboarded client, Standard Bank South Africa. INSTANDA said it has worked closely with Standard Bank Insurance …
Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s Thai unit will buy the exclusive rights …
Tokio Marine Holdings Inc. announced it will pay 1.52 billion reais (US$374 million) to form a joint venture to sell mortgage and homeowners insurance for Caixa Econômica Federal, the Brazilian state-owned bank. Caixa’s insurance holding subsidiary, Caixa Seguridade, will set …
AXA announced it has entered into an agreement to sell its Belgian banking operations, AXA Bank Belgium, to Crelan Bank for cash and Crelan’s loan insurance business. In addition, AXA and Crelan have also agreed to a long-term P/C and …
German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources close to the deal told Reuters, after Italian rival Generali pulled out of the race. The deal is worth more …
French insurer AXA SA and Affin Bank Bhd. are exploring options including a potential sale of their life and general insurance business in Malaysia that could fetch about $650 million, according to people with knowledge of the matter. Kuala Lumpur-based …
It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to the public Monday it will challenge South African lenders with histories going back to 1838, and they’re ready for battle. …
