Latest news with #RiskPointGroup
Reuters
12 hours ago
- Business
- Reuters
Deals of the day
June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday: ** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing general underwriter looking to expand in German cyber insurance. ** Spirit Airlines urged the Transportation Department to reject a proposed JetBlue Airways (JBLU.O), opens new tab and United Airlines (UAL.O), opens new tab partnership, saying it was anticompetitive and will prompt large carriers to pursue similar deals. read more ** Private equity firms Apax Partners, EQT ( opens new tab, and Hellman & Friedman are among the firms considering offers for the Spanish business of the online classifieds group Adevinta, according to two people with knowledge of the situation. ** Spain's BBVA ( opens new tab will not be allowed to integrate its operations with Sabadell ( opens new tab for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller rival in a potential blow to the suitor's expansion plans. read more ** The European Central Bank has cleared Monte dei Paschi di Siena's proposed acquisition of rival Mediobanca a source with knowledge of the matter told Reuters, as a raft of takeover bids reshapes Italian finance. read more ** Volvo Group said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands. read more ** Italian utility ACEA has approved a binding offer from Eni's retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said. read more ** South Korean game company Krafton Inc < opens new tab> said it had agreed to buy Japan's advertising and animation group ADK for 75 billion yen ($516.21 million). read more ** Ohio Farmers Insurance Company, the parent company of Westfield, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million.
Yahoo
27-01-2025
- Business
- Yahoo
MSIG names RiskPoint Group as MGA for its Singaporean unit
General insurer MSIG Asia has appointed RiskPoint Group as MSIG Singapore's managing general agent (MGA), with approval from the Monetary Authority of Singapore (MAS). The aim is to advance renewable energy insurance in the Asia-Pacific region. This move is in line with MSIG Asia's 2029 Growth Ambition. Using Singapore's position as a 'regional insurance hub', the goal is to offer coverage for renewable energy projects across the region. In this regard, MSIG highlighted the role of renewable energy as a crucial driver of both economic and environmental progress, with countries in the region stepping up efforts to address climate change and enhance energy security. MSIG, with its regional network and RiskPoint's underwriting expertise, looks to address demand for insurance in the renewable energy sector. The partnership will focus on providing coverage for the construction and operation of solar, wind and hydroelectric projects, supporting project owners and their brokers. MSIG and RiskPoint have been collaborating since 2008 in Europe, offering insurance for renewable energy, property, casualty and financial lines. MSIG Asia CEO Clemens Philippi said: 'Our collaboration with RiskPoint will provide significant support to our broking partners and their clients in overcoming these challenges. 'We are excited to work with RiskPoint to seize the promising opportunities ahead. This partnership is a key part of our MSIG Asia 2029 Growth Ambition, as recently outlined to the financial markets.' RiskPoint Group CEO Kenneth Nielsen commented: 'This new partnership enhances our ability to offer unique value propositions to the region and reaffirms the RiskPoint Group's commitment to supporting the expansion of renewable energy solutions. We are excited to be part of driving the green transition also in AsiaPac in collaboration with MSIG.' Last month, MSIG became the official insurance partner of ASEAN United FC club events. "MSIG names RiskPoint Group as MGA for its Singaporean unit " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
