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Bajaj Group completes 23% stake acquisition in its insurance units from Allianz
The Economic Times· 2026-01-08 13:55
Group 1 - Bajaj Group has acquired a 23% stake in its insurance subsidiaries from Allianz SE for 213.90 billion rupees ($2.38 billion) [2] - The acquisition gives Bajaj Finserv complete control of Bajaj General Insurance and Bajaj Life Insurance, raising its stake to 75.01% and overall holding in the two companies to 97% [2] - The deal marks the end of a 24-year joint venture between Bajaj Finserv and Allianz SE, and is noted as the largest ever in the Indian insurance sector [2]
Cincinnati Financial Schedules Webcast to Discuss Fourth-Quarter and Full-Year 2025 Results
Prnewswire· 2026-01-08 13:30
Group 1 - Cincinnati Financial Corporation plans to release its fourth-quarter and full-year 2025 results on February 9, 2026, after the close of regular trading on the Nasdaq Stock Market [1] - A conference call to discuss the results will be held on February 10, 2026, at 11 a.m. ET, with access available via the company's investor website [2] - Cincinnati Financial Corporation primarily offers business, home, and auto insurance through The Cincinnati Insurance Company and its two standard market property casualty companies [3]
India's Bajaj Group completes acquisition of 23% stake in insurance companies from Allianz
Reuters· 2026-01-08 13:13
Core Insights - Bajaj Group has acquired a 23% stake in its insurance subsidiaries from Allianz SE for 213.90 billion rupees ($2.38 billion) [1] Company Summary - The acquisition was completed by Bajaj Finserv, a firm within the Bajaj Group [1] - The transaction reflects Bajaj Group's strategic move to strengthen its position in the insurance sector [1]
迟到7年的补位!三峡人寿总经理雷万春新年上任要打“扭亏战”?
Group 1 - The core point of the article is the appointment of Lei Wanchun as the new general manager of Three Gorges Life Insurance after a seven-year vacancy, alongside an increase in state-owned capital from Chongqing [1][2][10] - Three Gorges Life Insurance has been unprofitable since its establishment, accumulating losses exceeding 1.1 billion yuan over eight years, with a net loss of 1.69 billion yuan in the first three quarters of 2025 [7][9] - The company has undergone two rounds of capital increases, raising its registered capital from 1 billion yuan to 3.033 billion yuan, with Chongqing Development Investment Company becoming the largest shareholder [9] Group 2 - Lei Wanchun has over 20 years of experience in the insurance industry, having held various positions in companies such as China Life and Sunshine Insurance before becoming an entrepreneur [4][6] - The long vacancy in the general manager position is unusual in the insurance industry, with the role being unfilled for over seven years, leading to a lack of leadership and direction [2][4] - The combination of a state-owned chairman and a market-oriented general manager is seen as a complementary strategy to improve the company's operations and market competitiveness [6]
OLD REPUBLIC ANNOUNCES FOURTH QUARTER 2025 EARNINGS CALL
Prnewswire· 2026-01-08 12:00
Core Viewpoint - Old Republic International Corporation will report its financial results for Q4 2025 on January 22, 2026, and will hold a conference call to discuss these results [1]. Group 1: Financial Reporting - The financial results for the fourth quarter of 2025 will be announced before the market opens on January 22, 2026 [1]. - A conference call to discuss the results will take place at 3:00 p.m. Eastern time on the same day [1]. - Investors can access the call live via Old Republic's website or by dialing a specific phone number with a passcode [1]. Group 2: Replay Access - A replay of the conference call will be available by dialing a designated number with the same passcode, accessible until January 29, 2026 [2]. - The replay will also be available on Old Republic's website [2]. Group 3: Company Overview - Old Republic is a leading specialty insurer with operations in property & casualty and title insurance [3]. - Founded in 1923, the company is a member of the Fortune 500 and specializes in underwriting and risk management services across the U.S. and Canada [3]. - The company’s specialized operating units provide tailored solutions, distinguishing it in the insurance market [3].
Bridge Specialty Group acquires the assets of Shoemaker & Besser Associates, Inc.
Globenewswire· 2026-01-08 11:45
Core Viewpoint - Brown & Brown, Inc. has acquired the assets of Shoemaker & Besser Associates, enhancing its market offerings and capabilities in the insurance sector [1][2]. Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm established in 1939, with over 700 locations and a workforce of more than 23,000 professionals [5]. - Shoemaker & Besser, founded in 1959, operates as a full-service managing general agent and wholesale insurance brokerage based in York, Pennsylvania [2]. Acquisition Details - The acquisition involves a subsidiary of Brown & Brown, specifically Bridge Specialty Group, which aims to enhance market access and service offerings for Shoemaker & Besser's clients [1][3]. - The Shoemaker & Besser team will continue operations in York, Pennsylvania, under the leadership of Jason Haupt, regional president of Bridge Specialty Group's Mid-Atlantic and Delta region [2]. Strategic Benefits - Anurag Batta, president of Bridge Specialty Group, emphasized that the integration of Shoemaker & Besser will add value to retail brokers and expand the solutions available within their Contract Binding and Light Brokerage business [3]. - The owners of Shoemaker & Besser expressed that the merger will provide enhanced market access while maintaining their commitment to personalized service [3]. Industry Context - Bridge Specialty Group is recognized as a leading global insurance wholesaler, equipped to address complex risk challenges with specialized knowledge and access to various insurance markets [4].
金融板块集体调整,关注证券保险ETF易方达(512070)、证券ETF易方达(512570)等产品投资机会
Sou Hu Cai Jing· 2026-01-08 10:28
Group 1 - The core viewpoint of the news indicates a decline in major financial indices, with the China Securities Bank Index down by 0.9%, the China Securities Company Index down by 2.7%, the CSI 300 Non-Bank Financial Index down by 3.1%, and the Hong Kong Securities Index down by 3.2% [1] - The securities insurance ETF managed by E Fund (512070) and the securities ETF (512570) saw net inflows of 560 million yuan and 8 million yuan respectively [1] - According to Founder Securities, the brokerage sector's fundamentals are expected to improve continuously by 2025, with a projected 62% year-on-year increase in net profit and a 44% growth in main business revenue for the first three quarters [1] Group 2 - The brokerage sector is currently undervalued, and it is anticipated that the return on equity (ROE) will return to an upward trend by 2026 [1] - The two financing balances and derivative business are expected to be the main directions for brokerages to leverage, with an acceleration in mergers and acquisitions among leading brokerages, leading to an increase in industry concentration [1]
阿曼批准设立全球金融中心
Shang Wu Bu Wang Zhan· 2026-01-08 08:20
Core Insights - The Omani cabinet has approved the establishment of the "Oman Global Financial Center," which will have legislative, regulatory, and administrative autonomy [1] - The initiative aims to enhance the financial sector's contribution to GDP, attract international capital, and create high-quality jobs [1] Financial Sector Development - The focus areas for the Oman Global Financial Center include commercial banking, Islamic finance, insurance, and specialized financial services [1] - The initiative is expected to significantly boost the financial industry's role in the national economy [1]
Crédit Agricole Assurances annonce le lancement d’une offre de rachat portant sur deux souches d’obligations subordonnées à taux fixe révisable et son intention d’émettre des obligations subordonnées Tier 2
Globenewswire· 2026-01-08 07:30
Communiqué de presse                                                               Paris, le 8 janvier 2026 Ce communiqué ne peut être distribué ou publié directement ou indirectement aux Etats-Unis ou au Canada Crédit Agricole Assurances annonce le lancement d’une offre de rachat portant sur deux souches d’obligations subordonnées à taux fixe révisable et son intention d’émettre des obligations subordonnées Tier 2 Crédit Agricole Assurances annonce aujourd’hui le lancement d’une offre de rachat portant ...
Crédit Agricole Assurances announces the launch of a tender offer for two series of subordinated fixed rate resettable notes and its intention to issue Tier 2 subordinated notes
Globenewswire· 2026-01-08 07:30
Core Viewpoint - Crédit Agricole Assurances is launching a tender offer for two series of subordinated fixed rate resettable notes and intends to issue Tier 2 subordinated notes, aiming to manage its debt maturity profile effectively [1][2]. Group 1: Tender Offer Details - The tender offer involves two series of subordinated resettable notes issued in 2016 and 2018, each with an outstanding principal amount of €1,000 million [2][3]. - The existing notes bear fixed interest rates of 4.75% and 2.625% per annum, with the first reset dates set for 27 September and 29 January 2028, respectively [2][3]. - The tender offer is subject to a maximum acceptance amount, which is expected to match the aggregate principal amount of the new notes to be issued [3]. Group 2: New Notes Issuance - Crédit Agricole Assurances plans to issue new Tier 2 fixed rate euro subordinated notes due December 2036, contingent on market conditions [1][6]. - The new notes are expected to be rated BBB+ by S&P Global Ratings and will be structured to qualify as Tier 2 capital under Solvency II [6][7]. Group 3: Timeline and Process - The tender offer will commence on 8 January 2026 and conclude on 15 January 2026 at 4:00 PM Central European Time [4]. - Final results of the tender offer, including the total amount of existing notes tendered and accepted, will be announced on 16 January 2026 [4]. Group 4: Company Overview - Crédit Agricole Assurances is the largest insurer in France and part of the Crédit Agricole group, offering a wide range of insurance products and services [8]. - As of the end of 2024, the company had over 6,700 employees and reported premium income of €43.6 billion [8].