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Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe
Insurance Journal· 2025-12-16 08:23
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe.Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in Japan, Taiwan and Thailand, Wei Low, the firm’s founder said in his first-ever media interview. The firm’s gross written premiums increased 20% to 30% this year and are set to grow at a faster pace in the future as Bjak expands into new markets, the 36-year-old told Bloom ...
EUR 400 million share buyback completed
Globenewswire· 2025-12-16 07:00
Core Viewpoint - Aegon has successfully completed its share buyback program, totaling EUR 400 million, which reflects the company's commitment to returning value to shareholders [1][2]. Group 1: Share Buyback Program - The share buyback program commenced on July 1, 2025, with an initial allocation of EUR 200 million, which was later expanded by an additional EUR 200 million on August 25, 2025 [1][2]. - A total of 61,197,437 common shares were repurchased between July 1, 2025, and December 15, 2025, at an average price of EUR 6.4772 per share [2]. - The repurchased shares will be canceled in December 2025, further enhancing shareholder value [2]. Group 2: Company Overview - Aegon is an international financial services holding company focused on investment, protection, and retirement solutions [3][4]. - The company operates fully owned businesses in the United States and the United Kingdom, along with a global asset management division [3]. - Aegon aims to create value through partnerships in various countries, including insurance joint ventures in Spain, Portugal, China, and Brazil, as well as asset management partnerships in France and China [3].
New York Says Cab, Rideshare Insurance Rates to Rise 25%
Insurance Journal· 2025-12-16 06:00
New York officials have told rideshare companies, driver representatives and others in the for-hire vehicle industry that insurance policy rates will rise by an average 25% over the next three years, according to people with knowledge of the state’s plans, likely sending passenger fares up as a result.The state has asked carriers to reset — essentially raise — their fees to actuarially justified levels as they work to stabilize the industry, which has been reeling from the insolvency of its largest provider ...
LHV Group results in November 2025
Globenewswire· 2025-12-16 06:00
Core Insights - LHV Group reported increased profits and business volumes in November, with a consolidated net profit of EUR 11.9 million and a return on equity of 19.3% [2][7] - The loan portfolio grew by EUR 94 million to EUR 5.38 billion, while deposits rose by EUR 155 million to EUR 7.66 billion [1][7] - The number of customers at LHV Pank increased by 2,875, reaching a total of 489,000 [3][8] Financial Performance - Consolidated net profit for November was EUR 11.9 million, with contributions from subsidiaries: AS LHV Pank (EUR 11.4 million), LHV Bank Ltd (EUR 0.9 million), AS LHV Varahaldus (EUR 0.2 million), and AS LHV Kindlustus (EUR 0.04 million) [2] - The loan portfolio of LHV Pank reached EUR 4.65 billion, with a monthly increase of EUR 40 million [3] - LHV Bank in the UK saw loan volumes increase by EUR 55 million, bringing the total loan portfolio to EUR 728 million [4] Customer and Deposit Growth - The total number of customers for LHV Pank reached 489,000, with a deposit volume of EUR 6.64 billion [3][8] - LHV Bank's total deposits increased by EUR 119 million to EUR 1.20 billion [4] Fund Performance - LHV Varahaldus funds showed modest performance with increases of 0.6% and 0.3% for the largest funds, while the pension fund Indeks rose by 0.9% [5] Insurance Operations - LHV Kindlustus signed new insurance contracts worth EUR 3.3 million, with approximately 298,000 contracts in force by the end of November [6] - The net expense ratio for LHV Kindlustus was 30.7%, influenced by a sales campaign that boosted growth in motor insurance [6] Year-to-Date Performance - LHV Group's net income for the year is EUR 8.7 million below the financial plan, while the loan portfolio and deposits exceed the plan by EUR 114 million and EUR 168 million, respectively [7]
锦州金融监管分局同意富德产险锦州中心支公司变更营业场所
Jin Tou Wang· 2025-12-16 03:46
2025年12月12日,锦州金融监管分局发布批复称,《关于变更富德财产保险股份有限公司锦州中心支公 司营业场所的请示》(富保产辽〔2025〕23号)收悉。经审核,现批复如下: 二、富德财产保险股份有限公司锦州中心支公司应按照有关规定及时办理变更及许可证换领事宜。 一、同意富德财产保险股份有限公司锦州中心支公司将营业场所变更为:辽宁省锦州市古塔区士英街7- 108号。 ...
X @Bloomberg
Bloomberg· 2025-12-15 23:47
Bjak, Malaysia’s largest online insurance aggregator, is mulling an IPO within the next two years as it seeks to enter Europe https://t.co/MXgAoeKvgA ...
Federal Life Group Announces Short-Form Merger
Globenewswire· 2025-12-15 23:29
CHICAGO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. (“Federal Life”), a leading provider, through its affiliates, of insurance and retirement solutions founded in 1899, announced its intent to engage in a short-form merger with its parent. Federal Life’s parent currently owns more than 90% of the common stock of Federal Life (Trading Symbol FLFG). The short-form merger will result in Federal Life becoming 100% owned by its parent. Upon closing of the short-form merger, stockholders, other th ...
Federal Life Group Announces Short-Form Merger
Globenewswire· 2025-12-15 23:29
Company to merge with FLG Merger Sub to Continue Mission of Delivering Next Generation of Accident & Health, Life, and Annuity ProductsCHICAGO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. (“Federal Life”), a leading provider, through its affiliates, of insurance and retirement solutions founded in 1899, announced its intent to engage in a short-form merger with its parent. Federal Life’s parent currently owns more than 90% of the common stock of Federal Life (Trading Symbol FLFG). The short-f ...
前海新增7家持牌机构 占全市新增总量6成
Nan Fang Du Shi Bao· 2025-12-15 23:13
前海金融深度依托香港国际金融中心的资源禀赋,吸引港资外资加速落户。 图为前海周大福金融中心 大厦 走进前海深港国际金融城,成片崛起的现代化楼宇在海天之间铺展开来,各类金融机构的标识在冬日的 阳光下熠熠生辉。2025年,前海持续深化金融领域高水平开放,在优质金融资源集聚、特色金融生态构 建、金融赋能实体经济等关键领域取得突破性进展。年内新增7家重点持牌金融机构、落地4只险资基金 项目、引育一批优质私募基金,多项招商引资指标居全市前列,前海金融"强磁场"效应持续增强。 518家金融机构已入驻 港外资约占三成 前海金融发展的开放格局,得益于政策体系的持续完善。自国务院批准实施"金融支持前海30条"以来, 截至目前落地率已超九成,累计形成6项全国首创、8项首批成果。深圳市金融监管部门还联合中央驻深 金融机构发布《支持前海金融高质量发展的行动方案》,引导政策聚焦金融开放、人民币国际化与深港 联动。 7家重点持牌金融机构 涵盖银行、证券、期货等 作为"特区中的特区",国家在金融领域赋予前海金融业对外开放试验示范窗口和跨境人民币业务创新试 验区的战略定位。2025年,前海聚焦金融产业高质量发展,深度依托香港国际金融中心的资 ...
Octave Specialty Announces Auditor Change
Businesswire· 2025-12-15 21:15
About Octave Octave Specialty Group, Inc. is a global specialty insurance firm that builds, buys, and scales niche insurance distribution and underwriting businesses. With a focus on operational excellence, disciplined growth, and innovation, Octave is creating a harmonized portfolio of companies that deliver exceptional performance and long-term value for shareholders. For more information, visit www.octavegroup.com. NEW YORK--(BUSINESS WIRE)--Octave Specialty Group, Inc. (NYSE: OSG) today announced that a ...