Ex-CEO for AIG Unit Tells UK Court Politics Not Why Bonuses Were Cut May 4, 2018 By Hannah George and Jonathan Browning An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t...
Bank Danamon Indonesia’s Insurance Unit ‘Attracts Interest’ From Foreign Suitors February 13, 2018 By Joyce Koh, Jonathan Browning and Fathiya Dahrul PT Bank Danamon Indonesia, the nation’s fifth-largest lender by market value, is fielding interest from foreign suitors seeking a stake...
Fosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re March 31, 2017 By Jonathan Browning and Vinicy Chan Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of...
China’s Shenzhen Qianhai Reported to Be Buying Singapore Reinsurer ACR Capital October 5, 2016 By Joyce Koh and Jonathan Browning Shenzhen Qianhai Financial Holdings Co. is close to an agreement to buy ACR Capital Holdings Pte, a reinsurer backed by...
Sompo Japan in Talks to Sell Insurance in Malaysia via CIMB Branches: Sources April 13, 2016 By Elffie Chew, Jonathan Browning and Joyce Koh Sompo Japan Nipponkoa Holdings Inc. is nearing an agreement with CIMB Group Holdings Bhd. to distribute general insurance products through...
Allianz, AXA & Sompo to Distribute Products Across Asia via CIMB Bank Branches February 19, 2016 By Jonathan Browning, Joyce Koh and Komaki Ito Allianz SE, AXA SA and Sompo Japan Nipponkoa Holdings Inc. made final bids for the rights to distribute their general...
China’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources September 18, 2015 By Aaron Kirchfeld, Dinesh Nair and Jonathan Browning Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group...
OneBeacon Explores Sale; China’s Fosun Interested: Sources April 8, 2015 By Jonathan Browning and Matthew Monks OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to...
Fosun Said to Pursue Deal for Swiss Re’s Aurora in the U.S. August 19, 2014 By Matthew Monks and Jonathan Browning Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is in talks to acquire a U.S. life...