Wirecard Hires Forensic Investigator, Say Sources. Findings Could Aid in D&O Litigation. July 21, 2020 By Arno Schuetze and Alexander Hübner German payments company Wirecard has hired Alix Partners for a forensic investigation of the accounting scandal that led to its...
Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary July 7, 2020 By Douglas Busvine and Arno Schuetze BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the...
‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion June 25, 2020 By Douglas Busvine, Jörn Poltz and Arno Schuetze Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst...
AXA Weighs Selling Central European Business, to Exit Non-Core Markets: Sources October 15, 2019 By Anna Koper and Arno Schuetze French insurer AXA is considering selling its Central European business as part of a restructuring to quit markets where it...
Swiss Re Postpones $4B ReAssure IPO, Citing Weak Investor Demand July 11, 2019 By Brenna Hughes Neghaiwi and Arno Schuetze Reinsurance group Swiss Re suspended plans for a $4.1 billion initial public offering of British life insurer ReAssure on the...
Allianz Weighs Bid for Deutsche Bank’s Asset Management Business: Sources April 24, 2019 By Arno Schuetze Allianz and Amundi are considering rival deals to tie up their asset management units with Deutsche Bank’s DWS, sources close...
Generali Likely to Start Exclusive Talks to Sell German Life Book to Viridium: Source June 28, 2018 By Arno Schuetze and Alexander Hübner Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion)...
Munich Re’s Ergo Decides Not to Sell Run-Off Life Policies as Offers Too Low November 29, 2017 By Arno Schuetze and Alexander Hübner Munich Re’s ERGO unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company...
Generali to Sell $50B German Life Business to Restructure in Europe: Sources July 13, 2017 By Arno Schuetze, Pamela Barbaglia and Alexander Hübner Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in...
Allianz Weighs Acquisition of Australia’s QBE: Sources January 30, 2017 By Arno Schuetze and Jamie Freed Germany’s Allianz has made an informal takeover approach to QBE Insurance, Australia’s biggest insurer, but has not named a price,...