Mergers & acquisitions (M&A)
Great Eastern CEO hails stake sale as "significant step" in China expansion
Great Eastern Holdings has entered into a conditional sale and purchase agreement with Chongqing City Construction Investment to sell 25% of its equity interest in Great Eastern Life Assurance (China) Company for RMB303m (£32m).
IAG maintains silence on UK business sale
Insurance Australia Group has stressed that writing off its remaining goodwill and intangible assets in the UK business is not necessarily a sign that it will sell that division.
European View From The Top: Growth opportunities
Among all the doom and gloom you might think the chances of growth in the near term are slight, if not negligible.
Canopius completes Omega acquisition
Canopius Group has completed its acquisition of Omega Insurance Holdings.
Canopius seals Omega deal
Private-equity backed insurer Canopius’s acquisition of Omega has completed today, increasing its annualised premium income to more than £1bn.
Flagstone Re finalises £32m sale of Lloyd's business
Flagstone Reinsurance has completed the sale of its Lloyd’s segment to a wholly-owned subsidiary of ANV Holdings BV for approximately £31.7m ($49.7m) in cash.
Swedish insurer on cusp of record private equity sale
Swedish insurance group Länsförsäkringar is close to selling a €1.5bn portfolio of private equity interests, which if completed would be one of the largest divestments by a European institution.
Regional broker buys could boost Oval headcount by 200
Oval's plan to acquire insurance brokers in the next two years could add up to 200 more people to its 24-strong regional office network.
Aviva Asia acquires stake in Singapore PIAS
Aviva Asia is to acquire a majority stake in the holding company that owns Professional Investment Advisory Services, a financial advisory firm in Singapore.
Oval GWP jumps to £391m after 'substantial growth and contract wins'
Oval Insurance Brokers has posted a gross profit of £90m for the year ended 31 May 2012, a £4.7m increase on last year.
Lark buyout casts doubt on long-term viability of insurer-owned brokers
The management buyout of Lark after five years of Groupama ownership has raised questions over the long-term viability of insurers taking controlling stakes in broking businesses.
Cobra directors Zandler and Lincoln resign
Two Cobra directors have resigned from the broker less than a month after shareholders accepted Alto Intermediary's offer to acquire the business.
Quindell buys Intelligent Claims Management
Quindell has acquired cloud-based claims management network Intelligent Claims Management.
Wholesale expansion underway at Lucas Fettes
Lucas Fettes is aiming to bolster its wholesale division following the acquisition of south coast underwriting agency Cougar Underwriting.
Towergate makes double acquisition
Towergate Insurance has acquired the non-life insurance business of Dean & Milward and Greaves Adams.
HSBC reviewing stake in Bao Viet Holdings
HSBC is "reviewing its strategic options" with respect to the firm's Vietnamese insurance business.
Integro acquires broker Allan Chapman & James Insurance
Integro Insurance Brokers has acquired Colchester-based Allan Chapman & James Insurance Brokers for an undisclosed sum.
Charles Taylor buys majority stake in Saudi Arabian loss adjuster
Charles Taylor has acquired a majority stake in the Noble Inspection and Loss Adjustment Company in a bid to develop its Middle East footprint.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Howden buys Indonesian broker
Howden Broking Group has acquired Accette Insurance Group's Indonesian operation, PT Accette Brokers Asuransi, in a bid to to capitalise on a growing affluent community and low insurance penetration in the country.
Purchase of Indonesian broker provides Howden with 'growth opportunities'
Howden Broking Group has completed the acquisition of Accette Insurance Group's Indonesian operation, PT Accette Brokers Asuransi.
Vienna Insurance completes merger of Polish insurers
Vienna Insurance Group has completed the merger of non-life insurers InterRisk and PZM, concentrating its market presence in the core Polish market.
Heath Lambert integration costs fail to halt Gallagher growth momentum
Arthur J Gallagher has chalked up a strong first half to the year, despite the continued Heath Lambert integration costing the business $3.3m (£2.1m) in H1 2012 - a $1.5m rise on the same period last year.