M&A Deals
L&G buys £3bn UK annuity book from Aegon
Insurance giant Legal & General (L&G) has bought a £3bn ($4.3bn, €3.9bn) UK annuity portfolio from Dutch-headquartered life group Aegon.
Amundi buys majority stake in Kleinwort Benson Investors
Oddo & Cie has agreed to sell Kleinwort Benson Investors to Amundi and the KBI management team.
GAM to acquire London-based investment firm THS
Swiss fund manager GAM has agreed to acquire Taube Hodson Stonex (THS), a UK-based global equity investment firm.
Zurich signs $135m deal to buy Malaysian Islamic insurer MAA
Zurich Insurance has signed a deal to buy Malaysia’s MAA Takaful for $134.6m (£92.7m, €117m), giving Europe’s fifth biggest insurer a foothold in the world’s second largest Islamic insurance market.
Aviva’s closed offshore unit to be sold to consolidator LCCG
M&A firm Life Company Consolidation Group (LCCG) has agreed to buy Aviva Life International.