Page 6 - Clins News Today

Generali entered into exclusive talks with Credit Agricole to buy the French bank's health insurance unit La Medicale, both companies said in a joint statement on Wednesday.

The following factors could affect Italian markets on Tuesday.

South Africa's Old Mutual announced plans on Tuesday to expand its banking services and look at acquisitions, as the insurer positioned for recovery after a tough few years that have included absorbing higher-than-expected COVID-19 claims.

Policyholders are starting to pull back from digital channels as the COVID-19 pandemic eases and revert to in-person ways to file insurance claims, a senior executive at Zurich Insurance Group told the Reuters Connected Claims USA event this week.

Corporate America mounted fresh attacks on Friday on President Joe Biden's antitrust enforcers who have vowed to rein in anticompetitive practices and vigorously investigate corporate crime.

As head of Dutch insurer Aegon, Alexander Wynaendts led a complex European financial institution with staff around the world and a large U.S. presence during a turbulent decade, experience that should serve him well as the next chair of Germany's Deutsche Bank .

Italy's Banco BPM said on Friday it planned to acquire full ownership of its insurance partnerships as part of a new multi-year plan that aims to achieve net profit of more than 1 billion euros ($1.2 billion) in 2024.

The huge sums being invested in insurtech have yet to disrupt the insurance sector in the same way that fintechs have changed banking, Germany's BaFin markets watchdog said at the Reuters Future of Insurance Europe conference on Friday.

Canada's two biggest life insurance companies, Manulife Financial and Sun Life Financial , reported a rise in third-quarter profits on Wednesday, driven by growth in new business and higher assets under management.

Senior executives at Canada's two biggest life insurers said on Thursday they were bracing for more COVID-19 related uncertainties in their fastest-growing market of Asia after a resurgence of the virus and lockdowns in the region weighed on their quarterly earnings.