Wipro expands into insurance technology with Aggne investment

Pallavi Madhiraju- February 13, 2024

In a move that significantly strengthens its position in the insurance technology sector, Wipro Limited, a leading technology services and consulting company, has announced a ... Read More

Tata Consultancy Services deploys TCS BaNCS solution for Zurich DIFC

Pallavi Madhiraju- June 1, 2023

Zurich Insurance Company DIFC, a global insurance provider, has implemented TCS BaNCS Insurance for Property and Casualty, a cutting-edge solution offered by Tata Consultancy Services ... Read More

Brookfield Reinsurance to acquire specialty insurance underwriter Argo Group

Raghuram Kadari- February 10, 2023

Canadian investment management company Brookfield Reinsurance will acquire Bermuda-based insurance company Argo Group International in an all-cash deal valued at around $1.1 billion. The transaction ... Read More

Aegon to sell Dutch insurance and banking business to ASR for $4.9bn

BNT Reporter- October 29, 2022

Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based ... Read More

AXA to acquire Spanish health insurer GACM Espana for €310m

BNT Reporter- October 19, 2022

French multinational insurance company AXA has announced entering into negotiations to acquire Groupe Assurances du Credit Mutuel Espana (GACM Espana) for €310 million in an ... Read More

Liberty Mutual wraps up $515m acquisition of Malaysian insurer AmGeneral

Pallavi Madhiraju- July 29, 2022

Liberty Mutual Insurance has wrapped up the previously announced MYR 2.29 billion ($515 million) acquisition of AmGeneral Insurance Berhad, a Malaysian insurer, having secured regulatory ... Read More

Zurich Insurance to sell Russian property and casualty insurance business

Pallavi Madhiraju- May 22, 2022

Zurich Insurance Group said that it has reached a deal to divest its Zurich Russia, its property and casualty business in Russia, to 11 members ... Read More

White Mountains to sell NSM Insurance Group to Carlyle for $1.8bn

Pallavi Madhiraju- May 10, 2022

White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to investment funds affiliated with Carlyle for $1.775 ... Read More

Liberty Mutual Insurance wraps up $1bn acquisition of State Auto Group

Pallavi Madhiraju- March 1, 2022

Liberty Mutual Insurance, an American insurance giant, has wrapped up the $1 billion worth acquisition of State Auto Group, an Ohio-based property and casualty insurance ... Read More

TCS deploys TCS BaNCS Cloud for Insurance for Standard Bank Insurance

Pallavi Madhiraju- August 28, 2021

Tata Consultancy Services (TCS) said that Standard Bank has selected TCS BaNCS Cloud for Insurance solution for Standard Insurance Limited, its short-term insurance business in ... Read More