Ameriprise Financial Inc is in advanced talks to buy most of ING Group’s asset management business in Asia, Bloomberg reported, citing two people with knowledge of the matter. The companies are still negotiating on price and an announcement may come …
Catalina Holdings (Bermuda) Ltd. announced that it has signed a definitive agreement to acquire two legacy businesses, HSBC Reinsurance Limited and HSBC Insurance (Ireland) Limited from HSBC Holdings plc, “subject only to regulatory approval from the Central Bank of Ireland. …
The battle for control of Italian insurer Fondiaria-SAI heated up on Wednesday when two private equity funds tabled a rival offer to one brokered by top investment bank Mediobanca to rescue the troubled insurer by merging it with peer Unipol. …
The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view acquisitions and expansion into emerging markets such …
Marsh & McLennan Companies Inc. today reported strong revenue growth and net income for the fourth quarter and full year 2010 year. Consolidated revenue for the company in the fourth quarter of 2010 was $2.8 billion, an increase of 9 …
Growth-oriented insurance broker Aon Corp. saw revenues shoot up 40 percent to $2.9 billion in the fourth quarter, largely driven by its acquisition of Hewitt Associates. For the quarter, Aon saw a 41 percent increase in commissions and fees resulting …
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