GIC Re IPO raises $1.5bnThe state-owned General Insurance Corp of India (GIC Re), has seen its initial public offering (IPO) oversubscribed but possibly not as high as the government would have wished for.
Integro close to acquiring London market broker TysersIntegro, the New-York headquartered broker formed by the late Bob Clements in 2005, is in advanced stages to acquire the independent London market broker Tysers.
GIC Re files for IPO while M&A is set to continueGeneral Insurance Corp of India has filed for an initial public offering which bankers have said could raise more than $1 billion, as part of the government’s plans to list five non-life insurers in which it holds stakes.
Allianz in £1bn “partnership” with UK insurer LV=The third largest UK personal lines insurer was formed this morning following a tie-up between Allianz Group and the Liverpool Victoria Friendly Society (LV=).
Novae CEO tells shareholders to look to dividend of Axis dealNovae Group plc CEO Matthew Fosh has said the company’s interims need to be taken in context as they posted a £14 million pre-tax loss for the first half of the year.