Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Italy's Banca Carige to sell insurance units to Apollo Management for $1 billion

October 29, 2014 Reprints

Italy-based Banca Carige S.p.A. has said that it would sell its two insurance divisions to Apollo Management Holdings L.P. to reduce its capital deficit of €810 million ($1 billion), reported Reuters.

The Italian bank would receive a total of €310 million ($393.7 million) in cash upon deal closure. The transaction is expected to close in the first quarter of 2015.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Munich Re names new regional chiefs
3. Tycoon gets death sentence for multi-billion-dollar fraud
4. UAE flash floods likely to be manageable for insurers
5. Chinese drone maker suffers major data breach
6. Inflation drives 10% increase in sum insured for windstorms

Help

Italy's Banca Carige to sell insurance units to Apollo Management for $1 billion

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources