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News
Exclusive-HSBC global insurance business head Moncreiffe to leave, sources say
2+ week, 2+ hour ago (233+ words) By Selena Li and Sumeet Chatterjee HONG KONG, Aug 12 (Reuters) – HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, according to two people with direct knowledge of the…...
Apollo fees and insurance earnings rise, asset sales slow in second quarter
3+ week, 21+ hour ago (402+ words) By Isla Binnie and Arasu Kannagi Basil NEW YORK, Aug 4 (Reuters) – Apollo Global Management posted a rise in earnings from fees and its insurance business in the second quarter, but cashed in less on its own investments in a tougher…...
HSBC sells Singapore insurance unit to Allianz in $2.1 billion deal
1+ mon, 2+ day ago (562+ words) By Selena Li, Sneha Kumar and Yantoultra Ngui July 24 (Reuters) – HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and…...