Insurance industry M&A deals total $361.2m globally in April 2021
Total insurance industry M&A deals worth $361.2m were announced globally in April 2021, led by $272.33m merger of Amana Cooperative…
ByMonth: May 2021
Generali to launch €1.17bn buyout offer for rival Cattolica
Italy-based Assicurazioni Generali has confirmed plans to launch a €1.17bn buyout offer for smaller rival Cattolica. Generali, which already own…
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MassMutual concludes $3.5bn purchase of AFG’s annuity business
Massachusetts Mutual Life Insurance Company (MassMutual) has concluded the acquisition of American Financial Group’s (AFG) annuity business for approximately $3.5bn.…
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Swiss Re offloads remaining stake in New China Life for $257.5m
Reinsurance firm Swiss Re has reportedly divested its entire remaining stake in New China Life Insurance, the third largest life…
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Health insurance startup Plum receives $15.6m Series A boost
Indian employee health insurance startup Plum has secured $15.6m in a Series A round led by Tiger Global to drive growth.…
R&Q completes novation of four QBE loss portfolio transfer agreements
Bermuda-based non-life global specialty insurance group Randall & Quilter Investment Holdings (R&Q) has concluded the novation of four loss portfolio…
UK ends loyalty penalties on home and motor insurance
The UK’s financial watchdog has decided to end so-called loyalty penalty on home and motor insurance, following years of complaints.…
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icare to lay off up to 100 senior employees as part of restructuring
Australian insurer icare has unveiled plans to retrench approximately 100 senior level roles as part restructuring plan. Nearly two-thirds of…
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