Aetna Global Benefits (AGB) has announced a new international health insurance plan in Africa as part of their Executive Healthcare Plan lineup, targeted at regionally mobile individuals and groups. Aetna Global Benefits offers the Executive Healthcare Plan (EHP) line of international health insurance products in partnership with Kenya-based medical insurance provider Executive Healthcare Solutions. The…
South Africa's ruling party, the African National Congress (ANC) has released more information regarding their plan to mandate universal access to healthcare through a National Health Insurance Scheme. The Ministerial Advisory Committee on the NHI has produced a document providing a rough outline of the ANC's National Health Insurance (NHI) scheme, which is ready to be submitted to the ANC National…
Zurich International Life, based in the Middle East, has recently announced the launch of a new life insurance product called Protected Equity Plus (PEP). PEP is a single-premium, investment-linked insurance plan, which offers a guaranteed return upon maturity, even in the event of a stock market collapse in the Middle East.
Early reports indicate that Pudential Financial Incorporated is nearing a US$4-5 billion (EUR 3-3.8 billion) deal to take over two Japanese Life insurers from the American International Group Inc (AIG). Japanese life insurance companies AIG Edision Life Insurance Co and AIG Star Life Insurance Co have been highlighted as possible acquisition targets for the Prudential Financial Incorporated in a deal…
Liberty Mutual, the Boston-based American insurance group, has submitted to the Securities and Exchange Commission (SEC) an application to take public Liberty Mutual Agency Corp. (LMAC). According to the details in the IPO application form, Liberty Mutual plans to sell over 64 million shares at between US$18 (EUR 13.5) and US$20 (EUR 15) per share.
A deal has been announced involving Danish and Swedish insurance and pension firms agreeing a DKK 5 billion (US$879 million:670 million Euros) takeover of Danish Investment Bank FIH Erhvervsbank (FIH); the deal relieves FIH of liabilities incurred by its previous takeover of failed Icelandic bank Kaupthing. The Scandinavia consortium consists of Danish based pension company ATP, PFA Pension, CPDyvig…
London based insurance company, Brit Insurance, is recommending acceptance of an offer by private equity groups Apollo Global Management and CVC Capital Partners Ltd which would conclude an acquisition proposal under discussion since June this year.Read more
Private equity fund manager Horizon Capital has agreed the purchase of Fortis Life Insurance Ukraine. The acquisition has been agreed with Belgian based Ageas Insurance International. Ageas, who were formally known as Fortis Insurance, has reached a deal with US based Horizon Capital. The transaction fits with Ageas continuing their portfolio restructuring and follows the sale of their Turkish life…
The takeover bid by the National Australian Bank (NAB) for AXA Asia Pacific Holdings (AXA APH) has been rejected by the Australian Competition and Consumer Commission (ACCC) on the grounds of insufficient certainty that the proposed undertakings offered by the parties satisfy its competition concerns.
Ping An Insurance (Group) Co. Ltd., listed on the Hong Kong Stock Exchange, has recently announced that its board of directors has approved the plan to merge Ping An Bank Co. with the Shenzhen Development Bank Co.
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