M&A Deals
Allianz sells S. Korean life insurance and investment arms
Allianz has agreed to sell its South Korean life insurance unit and Allianz Global Investors Korea to China’s Anbang Insurance Group.
RL360° rebrands CMI after acquisition
The RL360° Group has rebranded its recently acquired firm Clerical Medical International Insurance Company (CMI) as RL360° Services, the insurer has announced.
Standard Life’s 1825 buys London-based IFA Baigre Davies
Standard Life’s 1825 has announced its third acquisition in three weeks after agreeing to buy London-based IFA Baigre Davies – shortly after confirming the purchase of Scottish wealth management advice business Munro Partnership and Norwich-based Almary Green.
Just Retirement merges with rival in £1.4bn deal
British annuity providers Just Retirement and Partnership Assurance have completed a £1.4bn ($2bn, €1.8bn) merger which saw it relaunch on the London Stock Exchange Monday as JRP Group.
Julius Baer takes majority stake in Italy’s Kairos IM
Swiss private banking group Julius Baer has acquired an additional 60.1% stake in Milan-based Kairos Investment Management for €276m (£220.9m, $314.3m), taking its total ownership to 80%.