M&A Deals
Generali puts $50bn German life book up for sale
Italian insurer Generali has put its $50bn (£38bn, €44bn) closed book German life insurance unit up for sale as part of a worldwide restructure of its European operations, Reuters has reported.
Prudential enters Nigeria with landmark acquisition
UK insurer Prudential is set to “redefine” the Nigerian life insurance industry after acquiring a majority stake in Zenith Life and forming exclusive bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
Zurich underlines commitment to Middle East after Cigna deal
Zurich’s Middle East business has said it will continue to sell life policies in the region following the sale of its general insurance unit to healthcare provider Cigna.
Standard Life and Scottish Widows ‘in merger talks’
Edinburgh life and pension rivals Standard Life and Scottish Widows are reportedly in merger talks, with an agreement potentially following swiftly on the heels of Standard Life’s £11bn deal with Aberdeen Asset Management.
ANALYSIS: Margin pressure points to more fund group M&A
The headlines say fund groups’ profits fell, but what else can we learn from McKinsey & Company’s Asset Management 2017 report into the European funds industry?