Articles by Manuel Baigorri, Jan-Henrik Förster and Sotiris Nikas

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 …

UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group

Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s Thai unit will buy the exclusive rights …

Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources

Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses in Malaysia that AXA SA and Affin Bank Bhd. own, according to people familiar with the matter. Great Eastern, which …

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, …

Allianz Pays $1B for Part of Goldman’s Stake in China Insurer Taikang: Sources

German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter. Goldman sold a stake of about 4% …

AXA, Affin Bank Weigh Possible Sale of Malaysian Insurance Business

French insurer AXA SA and Affin Bank Bhd. are exploring options including a potential sale of their life and general insurance business in Malaysia that could fetch about $650 million, according to people with knowledge of the matter. Kuala Lumpur-based …

Aviva Weighs Options for Asian Business Including Possible Sale

Aviva Plc is considering options for its Asian business including a possible divestment of the unit as its new chief executive officer seeks to overhaul the British insurer, people familiar with the matter said. The Asian assets could be valued …

Generali Is Front-Runner to Buy Portugal Insurer Tranquilidade: Sources

Assicurazioni Generali SpA has emerged as the front-runner to acquire Apollo Global Management’s Tranquilidade, the second-largest non-life insurer in Portugal, people familiar with the matter said. The Italian insurer offered the highest bid for the Portuguese company and is poised …

China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources

Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese conglomerate backed by billionaire Guo Guangchang. Fosun has held …

Swiss Re-Backed FWD in Talks for Biggest-Ever Southeast Asian Insurance Deal

FWD Group, backed by billionaire Richard Li, has revived talks about a potential acquisition of the life insurance operations of Thailand’s Siam Commercial Bank Pcl after a two-year hiatus. Siam Commercial reached a preliminary pact with FWD on a potential …