Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds January 28, 2022 By Vinicy Chan and Manuel Baigorri Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million...
Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO December 14, 2021 By Manuel Baigorri Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed...
FWD Group’s $2 Billion Insurance IPO Stalls in U.S.: Sources October 18, 2021 By Manuel Baigorri and Julia Fioretti Billionaire Richard Li’s U.S. initial public offering of his Asian insurance group, FWD Group Holdings Ltd., is stalling amid regulators’...
Zurich Insurance Weighs Selling Some Australian Non-Core Assets September 17, 2021 By Manuel Baigorri Zurich Insurance Group AG is considering a sale of some of its general insurance assets in Australia as the Swiss...
China Revives Sale of Dajia Insurance, the Firm Created to Take Over Troubled Anbang April 9, 2021 By Manuel Baigorri and Vinicy Chan China is reviving a sale of Dajia Insurance Group Co., the company that took over most of the operations of...
AXA in Talks to Sell Singapore Unit Which Could Raise $700 Million January 20, 2021 By Chanyaporn Chanjaroen and Manuel Baigorri HSBC Holdings Plc and Malayan Banking Bhd.’s insurance venture are among shortlisted bidders for AXA SA’s business in Singapore, which...
AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources August 10, 2020 By Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according...
National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources April 1, 2020 By Manuel Baigorri, Jan-Henrik Förster and Sotiris Nikas National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any...
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group March 19, 2020 By Manuel Baigorri Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand...
Generali, Great Eastern Weigh Bids for Malaysia Insurers, Part Owned by AXA: Sources February 18, 2020 By Elffie Chew, Manuel Baigorri and Vinicy Chan Singapore’s Great Eastern Holdings Ltd. and Assicurazioni Generali SpA are among potential bidders for the life and general insurance businesses...