Mergers & acquisitions (M&A)
HSBC looking to exit Vietnamese insurer, sources say
HSBC plans to continue the sale of its insurance assets by divesting its stake in a Vietnamese insurer, according to sources.
Homeserve denies sale talks
Homeserve has issued a statement on the London Stock Exchange in which it denies having engaged in discussions with potential buyers.
Helvetia swoops on Groupama's Gan in €38.5m deal
The Helvetia Group has confirmed it is to take over the French transport insurance portfolio of Gan Eurocourtage, a subsidiary of Groupama SA.
Vienna Insurance on the lookout for east European SMEs
Vienna Insurance Group is eyeing acquisitions in eastern Europe, its main profit driver, and could make a record profit this year if there are no major natural catastrophes.
Am Trust completes Dore and Associates deal
The Am Trust Group has completed the acquisition of Dore and Associates Holdings.
DLG's ambition to float in doubt amid reports of PE bids
The Direct Line Group's plans to float have been put in jeopardy, according to reports claiming that two private equity consortiums could launch rival bids for the business.
LAS chairman Posner retires
LAS Claims Management chairman Howard Posner, pictured, has stepped down following a management restructure to position LAS for further business growth.
Magma gets IRDA nod for joint venture in India
Asset financing company Magma Fincorp has gained approval from India's insurance regulator to start a general insurance joint venture.
Analysis: Major events in the Russian insurance market in Q2 2012
Highlights for the Russian insurance market for Q2 include a number of important personnel reshuffles, several companies being sold and problems with a high roller. Paul Koshik reports.
Arthur J Gallagher buys MGA Contego Underwriting
Arthur J Gallagher has acquired managing general agent Contego Underwriting for an undisclosed sum.
Fitch withdraws ratings of Fondiaria-SAI
Ratings agency Fitch has withdrawn the ratings of Italian insurer Fondiaria-SAI owing to insufficient information.
IAG's Asian investment paying off
Insurance Australia Group is starting to gain "real traction" in Asia, according to chief executive Mike Wilkins.
HSBC sells European insurance units to run-off specialist
Banking Group HSBC has agreed to sell two European insurance units to Catalina Holdings.
HSBC sells Irish legacy businesses
HSBC Holdings has agreed to sell two Irish legacy businesses to Bermuda-based run-off specialist Catalina Holdings.
Broking Focus: Bespoke tailoring
Biba’s wants the strategic review of its operations by Deloitte to produce a trade body fit to compete alongside the strongest organisations in the 21st century
Interview: Rob Terry: tackling the problems
Approaching insurance from a technological background, Quindell’s Rob Terry is looking to tackle the dysfunctional motor market and shake up the status quo
Hardy boss looks to the future after restructure and sale are finalised
Hardy chief executive Barbara Merry has said the business can now “look to the future”, following a restructure of its property treaty book and conclusion of its sale to US insurer CNA.
Post magazine – 5 July 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Hyperion talk turns to integration as Windsor deal is given regulatory approval
Hyperion has pushed through the acquisition of Lloyd’s broker Windsor after receiving regulatory approval.
Hardy acquisition completed
Hardy has ceased trading on the London Stock Exchange as of today following completion of its acquisition by CNA Financial.
Talanx completes Warta aquisition
Talanx International AG has completed the acquisition of Polish insurance company TUiR Warta SA from KBC.
Shareholders advised to take 20p per share following Cobra takeover
Directors at Cobra have this afternoon reached an agreement over the protracted takeover by the Stephen Burrows-backed Alto Intermediary Group.
July date set for £143m Hardy and CNA merger
CNA's acquisition of troubled Lloyd's insurer Hardy is expected to come into effect on 2 July.
Europ Assistance re-branded following MBO
The team behind the management buy-out of the UK, Ireland and international health solutions business of Europ Assistance has launched its new brand, Aria Assistance, following authorisation by the Financial Services Authority.