Insurance industry in N.A. sees Canadian insurer sold to American company

insurance industry news

Travelers has announced that it will be making the purchase for $1.25 billion in cash. The North American insurance industry has seen another major acquisition as an American insurer, Travelers Companies Inc. has just revealed that it is making a purchase of the Dominion of Canada General Insurance Co. This purchase is being made for a total investment of $1.125 billion to buy the company outright. The acquisition is being made as a part of the attempt Travelers would like to make to expand its presence in the Canadian insurance…

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Insurance industry regulator in China expected to deny HSBC deal

US life insurance policy payout ruling

Experts predict that the $9.4 billion sale of the Ping An stake will be rejected. According to media reports, it is expected that the Chinese insurance industry regulator will refuse the sale of HSBC’s stake in Ping An Insurance – a deal worth $9.4 billion – to a conglomerate CP group in Thailand. Should the deal fail, it will be a difficult hit to HSBC and will cause embarrassment among other parties involved. This insurance industry deal was aligned to be the second largest that occurred last year. However, if…

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