Brussels-based insurer Ageas has acquired 40 percent of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total cash consideration of €185 million ($160.5 million). The deal, which was first announced …
Brussels-based insurer Ageas announced it has signed an agreement to acquire 40 percent of the share capital of the Indian non-life insurance company Royal Sundaram General Insurance Co. Ltd. (RSGI) for a total consideration of €186 million (US$209.4 million). RSGI …
Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its 33 percent share in the share capital of Cardif Lux Vie S.A. (CLV), for a total cash consideration of €152 million ($172.7 million). Under the deal, …
Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its international footprint, people familiar with the matter …
Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa, which operates in Malaysia, Singapore, the Philippines …
The Blockchain Insurance Industry Initiative (B3i) announced the incorporation of B3i Services AG in Zurich, Switzerland. The company was formed by the founders of B3i, which previously operated as a collaborative initiative of 15 global insurers and reinsurers who came …
Brussels-based insurer Ageas on Dec. 29 completed the sale of its stake in Italian bancassurer Cargeas Assicurazioni (CARGEAS) to BNP Paribas Cardif, for €178 million (US$213.6 million) in cash. Ageas and BNP Paribas Cardif have operated CARGEAS as a joint …
Brussels-based insurer Ageas announced it has reached an agreement with BNP Paribas Cardif to sell its stake in Cargeas Assicurazioni (CARGEAS), a non-life, Italian bancassurer, which provides health, homeowner, automobile and credit insurance to individuals and businesses. Ageas and BNP …
Second of Two Articles There has been a lot of press – and perhaps hype – about blockchain and its potential to revolutionize the industry’s processes and ultimately improve the customer experience. However, the efforts of the industry’s B3i initiative …
UK insurer Ageas has begun to use artificial intelligence (AI) technology to help manage its motor claims in partnership with AI specialist Tractable. In what it describes as “a first” for the UK market, Ageas said the technology is now …
