Skyward Specialty Insurance Group buys Aegis Surety from K2 Insurance
US-based property and casualty insurer Skyward Specialty Insurance Group has acquired Aegis Surety from K2 Insurance Services. Simultaneously, the company…
US insurer Genworth Financial notifies staff of layoffs
American insurer Genworth Financial has reportedly started informing several of its employees that their jobs are being slashed. According to the Richmond Times-Dispatch, the redundancies follow an indefinite delay in…
21 Jan 2021
HSBC and Maybank’s insurance venture bid for AXA Singapore
British bank HSBC and the insurance venture of Malaysia’s Maybank are reportedly contending to acquire French insurer AXA’s Singapore operations. According to a Bloomberg report, the British bank and Etiqa,…
21 Jan 2021
Sixth Street signs deal to acquire life insurance firm Talcott Resolution for $2bn
US-based investment firm Sixth Street Partners has signed a definitive agreement to acquire Talcott Resolution Life Insurance Company for $2bn. Sixth Street will acquire the company from a consortium of…
21 Jan 2021
First American inks insurance book transfer agreements with Safeco, Heritage
The property and casualty insurance subsidiaries of First American Financial have signed book transfer agreements with Safeco Insurance and Heritage Insurance. The agreements allow qualifying insurance agents and customers of…
20 Jan 2021
French insurer AXA to expand smart working strategy globally
French insurance major AXA has expanded the rollout of its smart working strategy to all of its entities around the world. Aimed at promoting a hybrid way of working, AXA’s…
20 Jan 2021
Chubb forges insurance partnership with digital banking firm Revolut
Property and casualty insurer Chubb has entered into an insurance partnership with financial technology company Revolut that offers digital banking services. Under the tie-up, the insurer will provide a range…
20 Jan 2021