Life Insurance & Pensions ALL IBR | Life Insurance & Pensions Life Insurance & Pensions Home |News |White Papers |Suppliers |Companies Return to: IBR Home | Life Insurance & Pensions Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News Berkshire Hathaway may acquire Unipol insurance assets IBR Staff Writer Published 10 June 2013
Warren Buffett's Berkshire Hathaway is likely to purchase the assets of Italian insurer Unipol, which are being disposed of as part of a merger with Fondiaria-SAI.
Il Sole 24 Ore business news paper was cited by Reuters as reporting that Berkshire may go for commercial assets of Milano Assicurazioni, a unit managed by Fondiaria.
Financial terms of the transaction have not been revealed and further details of the deal are awaited.
The Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) has forced Unipol to offload its portfolio assets at a premium of nearly €1.7bn ($2.2bn) as part of the merger with the Fondiaria-SAI group.
Expected to conclude by the end of this year, the integration of Fondiaria-SAI group and Unipol may result in establishing one of the second largest insurer in Italy.
In addition to Berkshire Hathaway, financial organizations, including Allianz, Axa, Aviva and Zurich insurance, are seeking to acquire the assets.
It is expected that the proposed suitors will submit their non-binding offers for the Unipol assets by next week.
\ABS\Auto Blog Samurai\data\life insurance\nasim\delicious.gif)
Latest News ORIX to acquire 25.7% stake in MEDGULF Life Insurance & Pensions > News Generali to sell 49% stakes in Mexican insurance businesses to Banorte Life Insurance & Pensions > News Foresters deploys MajescoMastek’s systems Life Insurance & Pensions > News Sanlam mulls to acquire Zurich’s 40% stake in MCIS Life Insurance & Pensions > News Berkshire Hathaway may acquire Unipol insurance assets Life Insurance & Pensions > News Related News Related SectorsLife Insurance & Pensions
Related Dates
2013> June
Related Industries
Financial Services> Insurance> Life Insurance
Comments Post a comment
Comments may be moderated for spam, obscenities or defamation.
Select a Insurance sector ------------------------ Commercial Lines Personal Lines Claims Insurer ------------------------ Life Insurance & Pensions ------------------------ Brokerage Underwriting London Lloyds ------------------------ Reinsurance ------------------------ Technology in Insurance Outsourcing ------------------------ Regulatory & Risk Life Insurance & Pensions News Related Insight Suppliers Directory Spotlight Suppliers By Sector A-Z
General Insurance Commercial Lines Personal Lines Claims Insurer
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk # ABCDEFGHIJKLMNOPQRSTUVWXYZ
Life Insurance & Pensions Intelligence Latest White Papers Latest Research Buy the latest industry research online today! China Bank & Insurance Directory 2013
API research into China's Banks and Finance Companies Buy online from $300
Sign up for the latest IBR news and features as well as other industry newsletters.
IBR Website Usage About us Accessibility Advertise with us Contact us Help Privacy RSS feeds Site map Dining Club Browse By Sector Browse By Network Business Review Sites General Insurance IntermediariesTechnology Brokerage Claims Commercial Line Insurer Life Insurance and Pensions Londonlloyds Outsourcing Personal Lines Regulatory and Risk Reinsurance Technology in Insurance Underwriting
Auto Banking Clean Technology Drinks Energy Food Insurance Logistics Medical Devices Packaging Pharmaceutical Retail Technology Webinars © IBR 2010. Part of Progressive Digital Media Group Plc
No comments:
Post a Comment