HSBC has got clearance from the Shanghai office of the China Banking and Insurance Regulatory Commission to buy the remaining 50% in its venture HSBC Life China.
MAPFRE and CaixaBank have signed the termination of their bancassurance agreement, following a change of ownership of Bankia in March. CaixaBank is paying €324 million for MAPFRE’s 51 percent stake in Bankia Via life insurance, combining it with CaixaBank’s existing 49 percent ownership.
Hellas Direct, a Greek digital insurer, has launched wallet +, an installment plan without a credit card, which allows a large expense to be divided into smaller and manageable pieces.
The Executive Liability Division of Great American Insurance Group and the Austin, Texas-based insurtech, Assurely will offer Directors and Officers Liability (D&O) insurance to private companies raising capital via technology platforms/portals and the internet.
The CCRIF SPC (formerly known as the Caribbean Catastrophic Risk Insurance Facility) has teamed up with the United Nations World Food Programme (WFP) to link its parametric disaster insurance payouts with social protection systems in Dominica.
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