Mergers & acquisitions (M&A)
Generali chief eyes €600m cost savings by 2015
Generali chief executive Mario Greco unveiled a programme of changes today aimed at reducing costs and increasing cash flow at the Italian insurer.
Technology firm 2e Systems acquires Flightsurance
Flightsurance, a travel insurance start-up underwritten by QBE, has been acquired by 2e Systems, an online and technology provider.
Thai buyer "has the necessary resources" to buy Ping An stake
Charoen Pokphand Group has refuted suggestions in the media that a lack of funds is threatening to scupper its acquisition of HSBC’s stake in Chinese insurer Ping An.
Flightsurance bought by 2e Systems
Travel insurance start-up Flightsurance has been acquired by 2e Systems, a technology provider for the travel industry with offices in London and Frankfurt, for an undisclosed fee.
R&Q completes £500k Hickson deal
Randall & Quilter has completed its £525 000 acquisition of the entire issued share capital of Isle of Man-domiciled captive insurer Hickson Insurance.
CIRC seeks more information on Ping An sale
HSBC's sale of its 15.5% stake in Chinese insurer Ping An is at risk of falling at the first hurdle.
Broking: Lloyd's & London market - Capital investment
Strong US interest in the Lloyd's and London market is driving acquisition activity in the broking sector, but will the City continue to prove popular with overseas investors in 2013?
Last Delta Lloyd shares earn Aviva £350m
Aviva has priced its remaining stake in Benelux insurer Delta Lloyd at €12.65 per share, which would amount to gross cash proceeds of £353m.
Aviva looks to sell remaining Delta Lloyd stake to increase liquidity
Aviva has today announced it intends to sell the remainder of its shareholding in Delta Lloyd NV.
Top five European news stories
The top five European news stories from www.insuranceinsight.com over the past seven days.
Generali secures full control of CEE joint venture
Generali will take full control of eastern European insurer Generali PPF Holding after buying out joint venture partner PPF Group, the firm said today.
Antares forms partnership with Japan's Itochu Corporation
Antares has formed a strategic and financial alliance with Japanese trading organisation Itochu Corporation.
Punjab National Bank gets go-ahead for Metlife acquisition
Punjab National Bank has received approval to acquire a 30% stake in insurer Metlife India Insurance.
Achmea completes OVO acquisition
Dutch insurer Achmea has completed the acquisition of mutual government insurer Onderlinge Verzekeringen Overheid.
Israeli bank could sell whole Migdal stake
Israeli bank Leumi has begun selling its nearly 10% stake in Migdal Insurance and Financial Holdings to institutional investors, Reuters said on Thursday, quoting a market source.
Munich Re invests in French onshore wind farms
Munich Re has invested in 32 French wind farms via its asset manager MEAG.
Bupa to enter Polish market
Bupa plans to enter the Polish market with the acquisition of private healthcare provider LUX MED.
Groupama cuts stake in Société Générale
French insurer Groupama has reduced its direct and indirect shareholding in French banking group Société Générale.
RSA agrees sale of Dutch Caribbean unit
RSA has agreed to sell Royal & Sun Alliance Insurance (Antilles) N.V. to Fatum General Insurance N.V. for an undisclosed sum.
Markel hoping to capitalise on Alterra Lloyd's business
US-based Markel Corporation is hoping to build on the London operations of Alterra after securing an acquisition deal worth $3.1bn.
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.
Blog: M&A myths dispelled
The third week of December can be a stressful time. As 25 December looms ever closer, there are still presents to buy, decorations to hang, and tasks to dispatch before you can relax guilt-free to enjoy the holiday season.
AIA completes acquisition of ING Malaysia
AIA Group has successfully completed the acquisition of ING Management Holdings (Malaysia) following receipt of the required regulatory approvals.
Uniqa sells hotel assets to concentrate on insurance
The Uniqua Group has confirmed the sale of its interests in Austria Hotels International Group in order to focus on its core insurance business.