MedVida to acquire Spanish life insurance company CNP Partners

Pallavi Madhiraju- May 8, 2022

Mediterráneo Vida (MedVida), a Spanish lifesavings and annuity insurance company, said that it has signed the terms for the acquisition of CNP Partners in a ... Read More

BSE Ebix to distribute LIC insurance products on digital platform

Pallavi Madhiraju- February 18, 2022

BSE Ebix Insurance Broking has signed an insurance broker agreement with Life Insurance Corporation (LIC) to distribute the latter’s products on its hi-tech platform. The ... Read More

Monument Re to sell closed life insurer Robein Leven to Chesnara

Pallavi Madhiraju- November 29, 2021

Bermuda-based reinsurer Monument Re has agreed to divest Robein Leven N.V. and its subsidiary Robein Effectendienstverlening to Chesnara plc, a UK-based life and pensions consolidator, ... Read More

TCS enables Heritage Life Insurance in transforming customer experience

Pallavi Madhiraju- October 20, 2021

Tata Consultancy Services (TCS) has joined forces with Heritage Life Insurance Company, a US-based insurance and reinsurance services provider, in order to enhance the customer ... Read More

HSBC Insurance (Asia-Pacific) to acquire AXA Singapore for $575m

Pallavi Madhiraju- August 17, 2021

HSBC has signed an all-cash deal worth $575 million through its fully-owned subsidiary — HSBC Insurance (Asia-Pacific) to acquire AXA Insurance Pte Limited (AXA Singapore), ... Read More

Westpac to sell life insurance business to TAL Dai-ichi Life for $660m

Pallavi Madhiraju- August 10, 2021

Westpac has agreed to divest Westpac Life Insurance Services, its Australian life insurance business, to TAL Dai-ichi Life Australia, a subsidiary of Japan-based Dai-ichi Life ... Read More

Westpac to sell NZ life insurance business to Fidelity Life Assurance

Pallavi Madhiraju- July 6, 2021

Westpac has agreed to sell its New Zealand life insurance business - Westpac New Zealand Limited to Fidelity Life Assurance Company for NZD 400 million ... Read More

AXA to divest Malaysian insurance business to Generali for €140m

Pallavi Madhiraju- June 23, 2021

French insurance company AXA has agreed to divest its insurance operations in Malaysia to Italian insurer Generali for €140 million. The sale includes AXA’s 49.99% ... Read More

Integrity Marketing Group acquires life insurance firm Theodore Group

Pallavi Madhiraju- June 15, 2021

Integrity Marketing Group, an American life and health insurance products distributor, has acquired Theodore Group for an undisclosed price. Based in Kissimmee, Florida, Theodore Group ... Read More

AIA Group signs $650m bancassurance deal with Bank of East Asia

Pallavi Madhiraju- March 24, 2021

AIA Group has signed a new exclusive 15-year bancassurance deal worth HK$5.07 billion ($650 million) with The Bank of East Asia (BEA), which covers Hong ... Read More