Category: Aviva

OSFI probing as insurance companies push more risks offshore

Property and casualty insurance companies in Canada are pushing more of their risks to reinsurers that aren’t federally regulated and are often located offshore, and Canada’s most powerful financial services regulator has become concerned enough to conduct a probe of the scope of this business. The Office of the Superintendent… – Continue reading

EU mergers and takeovers (March 10)

BRUSSELS, March 10 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — British bank Barclays (LSE: BARC.L – news) to acquire sole control of Spanish insurer CNP Barclays Vida y Pensiones Compania de Seguros,… – Continue reading

High quality global journalism requires investment

Lloyds Banking Group’s insurance arm Scottish Widows has put its offshore investment and tax planning business up for sale in the latest sign that dealmaking in the sector is heating up. Several parties have expressed an interest in the Isle of Man-based operation, which manages about £5bn of policyholders’ funds,… – Continue reading