M&A Deals
International Wealth Insurer sold to Luxembourg’s Foyer
Luxembourg-based International Wealth Insurer (IWI), has been sold by state-owned Belfius Insurance to Foyer, a major private financial group in the Duchy, creating a new player in the international life insurance sector.
Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.
MitonOptimal to acquire Coram
MitonOptimal is set to acquire Coram Asset Management, the boutique multi-asset manager that was founded by James Sullivan and the late Martin Gray in September 2014.
L&C to fund new acquisition with management buyout
Qrops provider London & Colonial (L&C) is planning a management buyout of its business in order to help fund new acquisitions, the company has confirmed.
Zurich sells general insurance operations in Taiwan
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.