LONDON: Admiral Group plc has agreed to sell its U.S. motor insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a private investment firm specializing in the financial services sector. The transaction, valued at approximately Elephant’s net asset value, is subject to regulatory approval and is expected to close…
Tag: financial services
Edgewater Equity Partners has acquired Ascent Technologies
Ascent Technologies, a leading provider of AI-enabled compliance automation solutions for financial services companies, has been acquired by Edgewater Equity Partners, a Boston-based private equity firm. The deal aims to accelerate the development of Ascent’s compliance automation platform and enhance its value proposition to customers. Ascent’s platform uses AI to monitor the financial services regulatory…
TEAM plc to acquire Homebuyer Financial Services Limited (HBFS) for £2.4 million
LONDON, UK: TEAM plc has exchanged contracts to acquire the entire issued share capital of Homebuyer Financial Services Limited (HBFS), a Jersey based financial planning business, for total consideration of £2.4 million in cash. Founded in 1988, HBFS is an established Jersey based financial planning business advising local clients on investments, pensions and protection policies….
Oval Money & ETX Capital to combine into one business
LONDON, UK: Oval Money is completing the integration with ETX Capital, a leading global financial services firm, and restated its ambitious plans for the future. The past few months have allowed the two companies to combine into one solid business ready to face future challenges, with a team of more than 180 people across three…
Kidmans CountPlus Limited acquires Colgin Financial Services
SYDNEY: CountPlus Limited, a Kidmans firm, has finalised terms to acquire the financial planning services of Colgin Financial Services Pty Ltd. Kidmans and Colgin are both Count Financial Member firms, and the clients of Colgin will transfer to Kidmans as part of an agreed succession plan. The transaction strengthens the team at Kidmans and broadens…
China Pacific Insurance (Group) Co., Ltd. (CPIC) (Pacific Insurance)
China Pacific Insurance (Group) Co., Ltd. (CPIC) known as Pacific Insurance, is a Chinese insurance company. It was established on the basis of the former China Pacific Insurance Corporation, which was founded in 1991 approved by the People’s Bank of China. Its headquarters is in Shanghai. CPIC Group is the second largest property insurance company…
Bank of Cyprus
Bank of Cyprus is a Cypriot financial services company established in 1899 and headquartered in Strovolos. The Bank of Cyprus currently operates through a total of 108 branches/business offices, of which all operate in Cyprus. The group has representative offices in Romania (€33 million net exposure) Greece, (€309 million exposure) Russia, (€21 million net exposure)[3]…
Axis Bank
Axis Bank is the third-largest private sector Indian bank, and offers a range of financial products. The bank has its head office in Mumbai, Maharashtra. It has 4,800 branches, 17,801 ATMs and 4,917 cash recyclers across the country as of 31 March 2020, and nine international offices. It has a market capitalization of ₹2.31 trillion…
Alliance Trust plc
Alliance Trust plc (LSE: ATST) is a publicly traded investment and financial services company, established in 1888 and headquartered in Dundee, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. It is one of the largest investment trusts in the UK. Until October 2018, Alliance Trust…
AJ Bell
AJ Bell is a public limited company that provides online investment platforms and stockbroker services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was formed in Manchester by Andy Bell and Nicholas Littlefair in 1995. The company was the subject of an initial public…
Nomura to book JPY70 billion pretax income in Q1 of FY2020/21
TOKYO: In April, Nomura Holdings Inc. announced plans to relocate some of its Japan offices in accordance with the scheduled redevelopment of the Nihonbashi district in Tokyo. In line with the redevelopment, Nomura has obtained the right to real estate (reserved floor space) in the completed project in exchange for rights to the assets it…
IDEX receives orders from a global provider of financial services
OSLO: IDEX Biometrics ASA has received its first production orders worth $6.0 million under an agreement entered into in 2019 to provide fingerprint sensors to a leading global provider of financial services and news. Following initial sample orders in the fourth quarter of 2019, IDEX has now received the first production orders under this program…