Mergers & acquisitions (M&A)
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.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Invicta secures deal for Sevenoaks broker's GI portfolio
Invicta Insurance Services has beaten off competition from a number of interested parties to secure the acquisition of Sevenoaks Insurance Brokers' entire general insurance portfolio.
M&A activity continues at Towergate with four more deals
Towergate has brought its 2012 acquisitions total up to 23 following the purchases of non-life business Newstead Insurances Brokers and general insurance broker Grenville Westinsure.
HSBC in talks over sale of Ping An stake
HSBC may sell its stake in China's Ping An Insurance as part of a drive to improve profitability, the insurer confirmed on Monday.
Bluefin adds five to broker network
Five new brokers have joined Bluefin’ broker network Broker Partnership Services.
Charles Taylor cements solid profits in bid to drive down group debt
International professional services provider Charles Taylor released an interim management statement this morning, reaffirming a commitment to implement its run-off strategy by acquiring offshore life insurers in run-off.
Former Axis chairman could start Asian insurer
Axis Capital founder John Charman is planning to return to the insurance industry, possible through the creation of an Asian insurance company.