Canadian Insurer Sagen Plans to Raise Around C$300 Million
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter.
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Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter.
Bamboo Insurance Services Inc., a home insurance company controlled by private equity firm CVC Capital Partners, is seeking to raise as much as $700 million in an initial public offering that will enable its backers to cut their stakes.
Insurer directed to pay ₹2.39 lakh to policyholder for rejecting health insurance claim
South Africa · FINANCE Key Facts —What happened Sanlam, Africa’s largest insurer, won regulatory approval to offer transactional banking through a partnership with GoTyme Bank. —The timing A soft launch is planned for 1 November 2026, with a broader rollout in the first quarter of 2027. —The products The offering will start with transactional accounts, […] The post Sanlam Steps Into Banking With GoTyme, Following Old Mutual and Discovery appeared first on The Rio Times.
Angola · FINTECH Key Facts —What happened SanlamAllianz and AfriMoney signed a partnership in Luanda, announced on 8 September 2026, to sell insurance through the AfriMoney app. —How it works Customers can discover, subscribe to and pay for SanlamAllianz insurance products directly on AfriMoney’s digital platform. —Who signed Luís Mocave, an administrator of AfriMoney, and […] The post AfriMoney to Sell SanlamAllianz Insurance in Angola appeared first on The Rio Times.
US Senator Elizabeth Warren is pressing the National Association of Insurance Commissioners to explain how it’s policing Wall Street firms’ influence over insurers and their bets on private credit, saying a probe of Mark Walter’s businesses raises questions about regulatory gaps.
BRAZIL · BUSINESS Key Facts —The call: The Citi BB Seguridade sell rating is new: the US bank cut Brazil’s largest insurance holding from neutral to sell and trimmed its price target from 36 to 35 reais (US$6.86). —The scenarios: Citi’s bull case values the stock at 45 reais (US$8.82), barely 6% above the market; […] The post Citi BB Seguridade Sell Rating Sees Up to 55 Percent Downside appeared first on The Rio Times.
A Chinese man’s seven-year affair with an insurance agent has ignited a legal dispute, revealing dramatic details uncovered by his wife. Guo, from Liuzhou in Guangxi province, southern China, is married to Zhen, with whom he shares a two-year-old daughter, according to Hongxing News. In 2017, Zhen discovered flirtatious messages exchanged between her husband and Li, an insurance agent eight years his junior. These texts included “I miss you” and multiple transfers of 520 yuan (US$77), a figure...
Orion180 Insurance Group Inc., a specialty homeowners and flood insurer, is seeking to raise as much as $340 million in an initial public offering.
EQT AB has agreed to acquire a majority stake in UK insurance broker McGill and Partners from Warburg Pincus LLC for $2 billion, as the Swedish buyout firm looks to accelerate the company’s global expansion.
Lloyd’s of London sees losses “arising from Middle East conflict” amounting to about £1.4 billion ($1.9 billion), the insurance marketplace’s first estimate of the US-Iran war’s impact.