Mergers & acquisitions (M&A)
Aviva sets bid deadline for Malaysian unit
British insurer Aviva and Malaysian bank CIMB Group Bhd have set a 29 October deadline for suitors to place binding bids to buy their Malaysian insurance joint venture, in a deal worth at least $500m, according to Reuters.
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Gallagher expands public sector offering with Acumus acquisition
Arthur J Gallagher International has acquired housing association specialist intermediary Acumus for an undisclosed sum.
Groupama director Lefèvre quits
Groupama SA boss Pierre Lefèvre, pictured, has resigned from the business by way of mutual agreement.
Ageas buys Groupama for £116m
Ageas UK has acquired Groupama Insurance Company for £116m in a deal that it has claimed propels it to the UK’s 4th private motor insurer with an 11.7% share of the market.
Woodstock acquires Clear Insurance personal lines book
Endsleigh-owned broker Woodstock Insurance has purchased Clear Insurance Management's personal lines book of business.
Swinton acquires Greys Insurance
Swinton has snapped up Lancashire-based broker Greys Insurance as part of a strategy to expand the reach of its commercial division.
Ace aquires Indonesian broker
Ace Group has acquired an 80% stake in PT Asuransi Jaya Proteksi.
Quindell seals South Africa deal with Quintica
Quindell has acquired South Africa-based telecommunications outsourcing service provider Quintica and its international arm Quintica International.
RSA pulls out of mid-market motor trade citing 'tough' market conditions
RSA has confirmed plans to exit the UK mid-market motor trade business by scrapping its Excelerator brand and selling off retail and wholesale intermediary business Fyfe Group.
Vienna Group acquires QBE Makedonija
Vienna Insurance Group AG Wiener Versicherung Gruppe has signed an agreement to take a majority stake in Macedonian insurer QBE Makedonija.
Editor's comment: Groupama - going, going, gone?
After months of uncertainty, employees at Groupama's UK insurer operation can be a little buoyed by last Friday's news that a named bidder had finally cast its hat into the ring to buy them.
Groupama acquisition could propel Ageas UK into top 10 insurer spot
The insurance industry is considering the effect of consolidation and change in the UK personal lines market after Ageas entered into exclusive discussions with Groupama with a view to taking over its UK insurance company.
Seven directors quit Omega
Seven directors including Omega chief executive Richard Pexton have quit the business.
Tungsten evaluating Equity bid
The investment vehicle, helmed by Edmund Truell, is believed to be considering an offer for the IAG-owned insures.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days
Giles director Hazel McIntyre quits
Giles' mergers and acquisitions director Hazel McIntyre has left the business after five years to pursue other opportunities.
James Hallam buys broker's commercial book
Insurance broker James Hallam has acquired the commercial book of business of Essex-based intermediary Coppergate.
Antony Hodari acquires Liverpool law firm
Manchester personal injury law firm Antony Hodari has bought Paul Rooney Partnership.
Tawa puts itself up for sale
Specialist insurance investor Tawa has unveiled plans to sell the business and is seeking potential offers.
Truell eyes up motor insurers
Edmund Truell, founder of Duke Street Capital and Pension Corporation, has not ruled out a future bid for Royal Bank of Scotland's insurance arm, Direct Line.
Brokers give Ageas seal of approval on Groupama acquisition talks
Brokers have hailed Ageas' potential move to acquire Groupama UK as a "logical fit", but warned that the insurer's troubled past may do little to win back lost brokers.
Ageas and Groupama in acquisition talks
Ageas UK and Groupama have entered exclusive discussions regarding the sale of Groupama's UK non-life insurance business.
Q&A with Chartis' Robert Schimek and Peter Csakvari
As the Russian insurance market continues to attract worldwide interest, Insurance Insight spoke to Rob Schimek, president of Chartis EMEA, and Peter Csakvari, general manager of Chartis Russia, about the potential in the Russian insurance market,…