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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 .
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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.
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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.
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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.
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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.