Articles by Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri

AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources

AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according to people familiar with the matter. The French insurer is working with an adviser on the potential sale, the people …

Finland’s Sampo Oyj Explores Cash Offer of UK Insurer Hastings

Finnish insurance group Sampo Oyj is exploring an entry into the UK market with a potential bid for general insurer Hastings Group Holdings Plc. Sampo and Hastings’s biggest shareholder, Rand Merchant Investment Holdings Ltd., have approached the London-listed insurer about …

AM Best Reviews Credit Ratings of Enstar’s StarStone After Announced Capital Raise

AM Best has placed under review with negative implications the credit ratings of StarStone Insurance Bermuda and its subsidiaries as a result of the recent announcement by parent company, Enstar Group Ltd., that it was boosting the capital of StarStone …

UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources

UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter. Fellow mutual insurer Royal London, Utmost Life and Pensions and European Insurance Consolidation Group …

Generali Weighs Strategic Options for Swiss Insurance Business

Assicurazioni Generali SpA is exploring strategic options for its Swiss insurance operations, according to people familiar with the matter. The Italian company is working with advisers to study alternatives including a potential sale of part or all of the business, …

Allianz and Generali Plan to Sell Life Insurance Assets: Sources

Two of Europe’s largest insurers are gearing up to sell billions of euros in life assets — a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion …

National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources

National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the matter. In addition to the market rout, bids …

Axa in Talks to Sell Eastern, Central European Business to Austria’s Uniqa

Axa SA is in advanced talks to sell its central and eastern European operations to Austria’s Uniqa Insurance Group AG, people familiar with the matter said. The insurers aim to reach an agreement in the coming weeks for the businesses …

AXA Reviews Potential Sale of Middle Eastern Operations: Sources

AXA SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe’s second-largest insurer, people familiar with the matter said. The French insurer is working …

China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources

Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding GmbH, people with knowledge of the matter said. Fosun has held talks with potential advisers about options for Frankfurter Leben, …