All articles by Shubhendu Vimal
Shubhendu Vimal
Swiss Life plans 600 job cuts by end of 2028, H1 profit rises
The insurer said the cuts would be divided approximately evenly between Swiss Life’s Swiss operations and Swiss Life Asset Managers, with the latter concentrated overseas.
Sun Life and Wilton Re form reinsurance joint venture
Under the agreement, Wilton Re will establish Windsor Life Re, an affiliated reinsurer domiciled in the US and Bermuda, with long-term strategic capital commitments from both parties.
Tokio Marine nears Suncorp takeover bid – report
The push for an overseas takeover by the Berkshire Hathaway-backed Japanese insurer is part of a broader strategy under CEO Masahiro Koike to expand the group’s footprint beyond its domestic market.
Steadfast agrees $5.51bn buyout by KKR-led consortium
The transaction, structured under an SID, involves Amwins Australasia Group and Starboard BidCo, a vehicle connected to funds managed or advised by Dragoneer and KKR.
Zurich Australia finalises $275m ClearView Wealth takeover
Under the deal terms, ClearView shareholders will receive A$0.60 per share in cash, taking the total cash consideration to roughly $275.89m (A$385m).
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Standard Life agrees $2.72bn PRT partnership with investor consortium
The consortium consists of CVC Capital Partners, PFI, Goldman Sachs and MS&AD Insurance Group, together with other long-term institutional investors.
Munich Re to acquire cyber insurtech company At-Bay for $575m
At-Bay will be overseen by HSB, the technology-forward, cyber-focused arm of Munich Re’s Specialty insurance portfolio.
Aon launches $200m Sidecar X facility for transactional risk cover
The facility sits within Aon’s Global Sidecar Platform, which covers representations and warranties insurance alongside tax insurance.
Aviva’s H1 profit falls by 49%
The company said operating profit increased by 24% to $1.79bn (£1.32bn), which it attributed to continued progress on its Direct Line integration and growth across its core business lines.
Thoma Bravo to acquire Accelerant in $4bn take-private deal
Under the definitive agreement, holders of Accelerant Class A and Class B shares will receive $20.25 per share in cash.