All articles by Shubhendu Vimal
Shubhendu Vimal
Talcott launches West Grove Re with Goldman Sachs
The funding includes equity commitments from Talcott and Goldman Sachs AWM and its clients, alongside a credit facility.
Kita secures Tokio Marine investment and expanded partnership
The investment was made through TMNF, Kita said on 31 July.
Mapfre to take 38.9% stake in Spanish insurtech operator Tuio
Under the terms of the agreement, Mapfre will purchase shares from a number of Tuio’s existing shareholders before taking part in a capital raise.
Soter Insure closes Series B first tranche led by Galaxy Digital
Coinbase Ventures and Franklin Templeton joined the round as new investors, while Brevan Howard Digital and other existing investors also continued their support.
Lockton launches global data centres risk practice
The insurance brokerage said the consultative service is intended to address digital infrastructure risk across a range of infrastructure and operations.
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Bain Capital in talks over 25% stake in IndusInd General Insurance – report
The stake is being sold by Hinduja Group’s Mauritius-based investment arm IIHL.
WestBridge begins process to exit Star Health stake – report
The private equity firm has asked investment banks to present proposals for a mandate to oversee the sale of its stake, with JPMorgan identified as the preferred adviser.
HSBC to sell Singapore life insurance arm to Allianz for $2.09bn
Under the deal, HSBC Insurance (Asia-Pacific) Holdings, an indirect wholly owned subsidiary of HSBC, will sell 100% of the issued share capital of HSBC Life SG to Allianz Asia.
Sompo agrees to acquire Fator Seguradora in Brazil
The acquisition is part of Sompo’s strategy to expand its presence in the corporate insurance market by widening its portfolio of specialised solutions.
US prosecutors examine LA Dodgers owner Mark Walter-linked insurers – report
Delaware Life Insurance and Clear Spring Life and Annuity were served with grand jury subpoenas in February.