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Tag: 2022 m&a


Regulatory / Legal

Chubb Gets Regulatory Nod From China to Raise Stake in Huatai to 83.2%

November 18, 2022

Via: Insurance Journal

Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to 83.2%. Financial details of the deal were not disclosed. Huatai […]


News

Lloyd’s Broker Servca Acquires MedMal Specialist Medicas

November 8, 2022

Via: Insurance Journal

Independent Lloyd’s retail broker Servca Group announced the acquisition of Medicas, an independent insurance specialist that offers a wide range of medical indemnity, medical malpractice and healthcare liability insurance for healthcare groups, entities and individual practitioners. Financial details of the […]


Brokers

Howden Gets Regulatory Nod to Raise Stake in Howden India to 100%

May 26, 2022

Via: Insurance Journal

Howden, the international insurance broker, announced it has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India from 49% to 100%. The move is subject to post completion approval from […]


Geo-Political, Risk Management

Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units

April 11, 2022

Via: Insurance Journal

Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries to Interros Capital, a firm linked to billionaire Vladimir Potanin, lifting the French bank’s share price. Russia’s invasion of Ukraine […]


News

Fortitude Re Forms Bermuda Multi-Line Reinsurer, Buys U.S. Life Insurer

January 7, 2022

Via: Insurance Journal

Fortitude Re announced the formation of a Bermuda multi-line reinsurer and the acquisition of a U.S. life insurer. In addition, Fortitude Re’s subsidiary, Fortitude Reinsurance Co. Ltd. (FRL), Bermuda’s largest multi-line reinsurer, obtained approval to operate as a “reciprocal jurisdiction […]