Mergers & acquisitions (M&A)
'Stabbed' insurance boss Rüther backtracks on attack
The German insurance boss who claimed to have been stabbed amid speculation of a possible takeover has admitted that no such attack took place.
Gallagher acquires reinsurance team
Arthur J Gallagher International has acquired Espirito Santo Investment Bank's reinsurance team, Execution Re.
Axa moves to divest US assets worth $500m
French insurer Axa is seeking buyers for US life insurance assets worth at least $500m, Bloomberg said yesterday, quoting sources.
S&P affirms Groupama SA rating following UK sale
Standard & Poor's has affirmed its BB- long-term counterparty credit and insurer financial strength ratings on French insurer Groupama SA and its guaranteed subsidiaries.
Broker acquisition to raise Markerstudy retail GWP by £35m
A completed deal for Markerstudy to acquire Insurance Choice will raise the former's retail gross written premiums by almost half.
Markerstudy completes broker purchase
Gibraltar motor insurer Markerstudy has completed a deal to acquire Insurance Choice.
Stabbing in Germany could be linked to Allianz takeover possibility
A German insurance chief has been stabbed before an important staff meeting.
HSBC agrees to sell Ping An stake to Thai conglomerate
HSBC is to sell its 15.57% stake in Ping An Insurance to the Charoen Pokphand Group, a Thai multi-national conglomerate with core businesses in agro-industry, food, retail and telecommunications.
AIA completes deal for Aviva's Sri Lanka unit
AIA has completed its acquisition of Sri Lankan insurer Aviva NDB Insurance from Aviva and Sri Lanka's National Development Bank.
Collinson to complete One Group purchase
Collinson Insurance Group has inked a deal to acquire claims handler One Group, subject to due diligence.
Swinton expands commercial reach with purchase of Stroud-based broker
Swinton has acquired Alexander James Commercial for an undisclosed sum in a deal designed to expand the firm's commercial reach across the UK.
Allianz linked with German public sector insurer
Allianz could make a bid for German public sector insurer Provinzial Nordwest, but may have trouble wooing the firm's shareholders, according to a Reuters report.
Helvetia completes Gan acquisition and confirms Letac as CEO in 2013
Helvetia has completed its acquisition of the French transport insurance portfolio of Gan Eurocourtage.
Towergate Insurance acquires Norwich and Peterborough Insurance Brokers
Towergate Insurance has completed its 25th acquisition of 2012, securing a deal to pick up the business and assets of Norwich and Peterborough Insurance Brokers.
Quindell swoops for Accident Advice Helpline parent
Quindell Portfolio has completed a deal to acquire Accident Advice Helpline parent Abstract Legal Holdings from 2 April.
Cashin joins Kennedys HK
Peter Cashin has joined law firm Kennedys’ corporate and commercial group in Hong Kong.
Broker sales on back-burner
The sale of Groupama-owned brokers Bollington and Carole Nash are said to be on the back-burner while the dust settles on Ageas’ acquisition of the UK insurance arm.
Collinson Group acquires card protection provider
The Collinson Group has announced a deal to acquire CCS, a card protection provider, in a bid to enhance its insurance and travel benefits offerings.
Axa Assistance acquires concierge service
Axa Assistance has agreed to acquire the majority of WhiteConcierge, a UK company operating in Europe in the concierge services Industry.
Towergate snaps up Northern Irish broker
Towergate Insurance has secured its first foothold in Northern Ireland after acquiring Belfast-headquartered broker Dawson Whyte.
Randall & Quilter buys Finnish reinsurer
Randall & Quilter Investment Holdings has reached agreement to acquire the entire issued share capital of Finnish domiciled reinsurer Alma Insurance Company from Tapiola General Mutual Insurance Company, subject to change of control approval by the Fin…
Axa confirms Taiwan exit
Axa is withdrawing from Taiwan after failing to gain a licence from the country's regulator.
HCB liability play boosted by investment
Healthcare and risk management specialist Health Claims Bureau plans to double its revenue in two years by targeting new business in the liability insurance sector.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.