Ageas to Sell 33% Stake in Wealth Manager Cardif Lux Vie to BNP Paribas Cardif

Article 0 Comments 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, BNP Paribas Cardif also will repay to […]

China’s Fosun Weighs Acquisition of Belgian Insurer Ageas

Article 0 Comments 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 said. Shanghai-based Fosun is talking to advisers […]

Malaysia’s Maybank Plans to Spin Off Etiqa Insurance Unit: Sources

Article 0 Comments 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 and Indonesia, is estimated to be worth […]

Blockchain Insurance Industry Initiative, B3i, Forms Company Called ‘B3i Services’

Article 0 Comments 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 together in late 2016 to explore and […]