Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues

Article 0 Comments An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June last year, splashing white and green “Bank […]

Chubb Forms 15-Year Distribution Agreement with Chile’s Largest Bank

Article 0 Comments Chubb Ltd. is boosting its presence and digital capabilities in Latin America by way of a 15-year distribution agreement with Banco de Chile, the largest bank based in Chile. “This partnership will meaningfully increase Chubb’s already significant presence in Chile and in the important region of Latin […]

Chubb Names Browne Deputy Regional President, APAC, Division President, SE Asia

Article 0 Comments Chubb announced the appointment of Glen Browne as deputy regional president for Asia Pacific and division president, Southeast Asia. In his new role, Browne is responsible for the general management and business results in the six countries of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, as well […]

S. Africa Lender FirstRand Aims to Offer Services Such as Insurance

Article 0 Comments FirstRand Ltd. is emulating Amazon.com Inc. with a digital offering that will span everything from insurance, car license renewals to locating plumbing services as the South African bank chases new revenue sources. Africa’s biggest lender by market value is pushing customers to make more use of its […]

Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources

Article 0 Comments Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar with the matter said. UOB has been soliciting ideas from potential advisers regarding its life insurance tie-up […]

Citigroup’s Mexico Unit, Chubb Announce Bancassurance Distribution Agreement

Article 0 Comments Citibanamex, a subsidiary of Citigroup Inc., and Chubb Seguros México, an affiliate of Chubb Ltd., announced a definitive long-term agreement where Chubb will provide a range of non-life insurance products to Citibanamex’s consumer bank clients in Mexico, subject to regulatory approvals. Under the terms of the agreement, […]

ING, AXA Form Digital Bancassurance Partnership, Offering Cover in 6 Countries

Article 0 Comments ING and AXA announced a long term and exclusive, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform. Under the partnership, ING will provide its leading digital banking experience and AXA its expertise in innovative modular insurance products and services, […]

Allianz, UniCredit Form Bancassurance Partnership in Central & Eastern Europe (CEE)

Article 0 Comments Allianz Group and UniCredit have signed a long-term bancassurance cooperation agreement in the Central and Eastern Europe (CEE) region. With this agreement, which will gradually start in the second half of 2018, UniCredit will exclusively partner with Allianz to provide its banking customers access to life, property […]

Chubb Appoints Lee as Head of Bancassurance for Asia Pacific

Article 0 Comments Chubb announced the appointment of Jin Lee as the head of Bancassurance for Asia Pacific. In her new role, Lee’s primary responsibility will be to oversee the DBS Bank-Chubb partnership which spans across Singapore, Hong Kong, Taiwan, Indonesia and China. Chubb announced in September 2017 it had […]

Nippon Life Agrees to Buy 85% Stake in MassMutual’s Japan Unit for $980M

Article 0 Comments Nippon Life Insurance Co said on Friday it had agreed to buy an 85 percent stake in the domestic unit of U.S.-based MassMutual Financial Group for about 104.2 billion yen ($980 million) as it aims to boost its bancassurance sales. The deal is part of the broader […]