Allianz Emerges as Frontrunner to Invest in Bancassurance Unit of Spanish Lender BBVA October 1, 2019 By Pamela Barbaglia, Alexander Hübner and Jesús Aguado German insurer Allianz has emerged as the frontrunner to invest in the bancassurance business of Spanish lender BBVA, two sources...
AXA, Affin Bank Weigh Possible Sale of Malaysian Insurance Business September 6, 2019 By Elffie Chew and Manuel Baigorri French insurer AXA SA and Affin Bank Bhd. are exploring options including a potential sale of their life and general...
S. Africa Insurer Discovery Opens Bank, Challenging Traditional Lenders June 28, 2019 By Roxanne Henderson It took Discovery Ltd. 1.5 million man hours over four years to build a bank. When the startup opens to...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture June 25, 2019 By Charlie Devereux and Will Hadfield Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint...
Zurich Completes Acquisition of ANZ’s Life Insurance Business in Australia June 3, 2019 Zurich Insurance Group said it has completed the acquisition of the life insurance businesses of Australia & New Zealand Banking...
Hong Kong Grants Online Banking Licenses to Insurer ZhongAn, 2 Bank Joint Ventures March 27, 2019 By Alun John and Sumeet Chatterjee Hong Kong has issued online-only banking licenses to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong...
African Bank Expands into Digital Banking, with Plans to Offer More Insurance Products March 26, 2019 By Roxanne Henderson and Loni Prinsloo African Bank Holdings Ltd. is joining the rush into digital banking to fail-proof the business and provide an exit for...
Allianz, Generali & Liberty Mutual Vying to Invest in BBVA Bancassurance Arm: Sources February 28, 2019 By Pamela Barbaglia European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish...
Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues February 4, 2019 By Stephen Jewkes and Valentina Za An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to...
Chubb Forms 15-Year Distribution Agreement with Chile’s Largest Bank January 29, 2019 Chubb Ltd. is boosting its presence and digital capabilities in Latin America by way of a 15-year distribution agreement with...