Edition:
United States

Reinsurance

Page 1

Generali sells 680 mln euro run-off UK life portfolio to Reinsurance Group of America

Friday, 24 May 2019 03:01am EDT

May 24 (Reuters) - Assicurazioni Generali says::HAS ENTERED INTO AN AGREEMENT FOR THE SALE OF THE LIFE RUN-OFF PORTFOLIO OF ITS UK BRANCH.ACCORD IS WITH SUBSIDIARY OF REINSURANCE GROUP OF AMERICA, INVOLVES AROUND 680 MLM EUROS IN "BEST ESTIMATES LIABILITIES" AT YEAR-END.SALE ESTIMATED TO ADD AROUND 1 PERCENTAGE POINT TO GROUP'S REGULATORY SOLVENCY RATIO.

SK Rosgosstrakh Receives 100% Stake In Insurance Company Ergo Life

Monday, 10 Dec 2018 01:16am EST

Dec 10 (Reuters) - SK Rosgosstrakh PAO ::SAYS RECEIVES 100% STAKE IN INSURANCE COMPANY ERGO LIFE.

Continental Reinsurance Receives Acquisition Offer From CRE African Investments

Monday, 26 Nov 2018 09:28am EST

Nov 26 (Reuters) - Continental Reinsurance PLC ::BOARD OF CRE NIGERIA RECEIVED OFFER FROM CRE AFRICAN INVESTMENTS LTD TO ACQUIRE ALL OUTSTANDING & ISSUED SHARES OF CO.CRE INVESTMENTS IS MAKING THIS OFFER IN ORDER TO INITIATE A MUCH NEEDED RESTRUCTURING EXERCISE FOR CRE NIGERIA.CRE INVESTMENTS OFFERS N2.04PER SHARE FOR 10.4 BILLION SHARES OF 50 KOBO EACH IN CRE INVESTMENTS FOR 176 EARNINGS PER SHARE OF 50 KOBO IN CRE NIGERIA.PROPOSED SCHEME CONSIDERATION REPRESENTS A 36% PREMIUM ON TRADING PRICE AS AT CLOSE OF LAST BUSINESS DAY; NOV 19, 2018.RECEIVED THE SECURITIES & EXCHANGE COMMISSION’S NO OBJECTION TO THE SCHEME.SCHEME ALSO SUBJECT TO APPROVAL OF SHAREHOLDERS AT A COURT-ORDERED MEETING AS WELL AS THE SANCTION OF THE FEDERAL HIGH COURT.

China Reinsurance To Buy 3 Target Companies From Hanover Insurance Group

Thursday, 13 Sep 2018 07:49am EDT

Sept 13 (Reuters) - China Reinsurance Group Corp <1508.HK>::CO TO BUY HANOVER INSURANCE INTERNATIONAL, HANOVER AUSTRALIA HOLDCO AND CHAUCER INSURANCE COMPANY DESIGNATED ACTIVITY.DEAL FOR INITIAL CONSIDERATION OF US$820 MILLION PLUS US$45 MILLION AS CONTINGENT CONSIDERATION.CO TO BUY TARGET COMPANIES FROM HANOVER INSURANCE GROUP .

Munich Re CEO Eyes Mix Of Organic Growth and M&A

Wednesday, 25 Apr 2018 04:28am EDT

April 25 (Reuters) - Munich Re at AGM::CEO SAYS CO'S STRONG BALANCE SHEET ALLOWS FOR GROWTH ORGANICALLY AND THROUGH ACQUISITIONS.CEO SAYS ERGO TO CONTRIBUTE AT LEAST 600 MILLION EUROS TO PROFITS PER YEAR FROM 2021, BUT MUCH WORK REMAINS TO BE DONE.

Swiss Re CFO says too early to discuss details of SoftBank approach

Friday, 23 Feb 2018 02:01am EST

Feb 23 (Reuters) - Swiss Re AG ::SWISS RE CFO SAYS ON MEDIA CALL TOO EARLY TO DISCUSS DETAILS OF POTENTIAL SOFTBANK INVESTMENT.SWISS RE CFO WANTS TO EXPAND GEOGRAPHICAL FOOTPRINT OF CORPORATE SOLUTIONS BUSINESS.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary