M&A

Credit Suisse today announced the sale of its domestic private banking business booked in Germany to ABN AMRO. This follows earlier statements about Credit Suisse’s plans to evaluate its private banking client service model in Western Europe.

Swiss Re announces that it has entered into a transaction with Zurich Insurance Company Ltd to acquire a 4.9% stake in New China Life Insurance Company Ltd, reaffirming Swiss Re’s commitment to high growth markets.

Admin Re® will continue to seek to fully establish its franchise value in the UK and Continental Europe and will also continue to actively seek to explore new opportunities...

ING announced today that it has reached an agreement to sell ING Life Korea, its wholly owned life insurance business in South Korea, to MBK Partners for a total purchase price of approximately KRW 1.84 trillion (EUR 1.24 billion at current exchange rates).

ING announced today that it has agreed to sell its 50% stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif, the insurance arm of BNP Paribas.