Business Moves News
Allstate Selling Lincoln Benefit Life to London Group for $600M
Clive Cowdery, who earned a fortune cutting deals that consolidated the U.K. life insurance industry, is making a foray into the U.S. by buying a business from Allstate Corp. for $600 million (394 ...AIG to Merge Japanese Units Fuji Fire, AIU
American International Group Inc., the insurer that repaid a U.S. government bailout last year, announced plans to merge two insurance units in Japan. AIU Insurance Co. and Fuji Fire & Marine ...
Reinsurance Brokers Holborn, Lehrke Merge
Reinsurance brokers Holborn Corp. of New York and W.J. Lehrke Co. of Edina, Minnesota, have agreed to merge. Details were not disclosed. The combined firm will operate under the Holborn name and all ...
Swiss Re In Talks On Merging Admin Re With Phoenix
Swiss Re Ltd., the world's second- biggest reinsurer, said it's in preliminary talks about combining its Admin Re business with Phoenix Group Holdings. "There is no certainty that these discussions ...
Report: AIG in Talks to Buy Israel’s Clal Insurance
Clal Insurance Enterprise Holdings Ltd. gained the most this month after a report that American International Group Inc. is in talks to buy the Israeli insurer. Bonds of parent IDB Development Corp. ...
Travelers to Acquire Dominion of Canada General for $1.1B
The Travelers Companies Inc. (NYSE: TRV) has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited (TSX: ELF) for approximately $1.1 billion in cash, subject ...Scor to Buy Generali Reinsurance Unit for $750 Million
Scor SE agreed to purchase the U.S. reinsurance unit of Assicurazioni Generali SpA as part of a plan by Italy's biggest insurer to boost capital. Scor, France's largest reinsurer, would pay about 579 ...AIG Says China Group’s Deposit Not Received in Deal to Sell Plane-Leasing Unit
American International Group Inc. said it hasn't received a deposit that was called for under the deal to sell its plane-leasing unit to a Chinese investor group, presenting another challenge to ...