Debt-heavy Pengrowth Energy Corp. is in talks to sell approximately $500-million in Alberta oil and gas assets to Infor Acquisition Corp., the latest sign of financial companies stepping up for energy assets, according to people familiar with the matter. Story Fairfax Financial Holdings Ltd. is preparing a bid to acquire New Zealand-based insurance company Tower Ltd. in a deal valued at about $140-million , according to people familiar with the sale process.
Category: Insurance
Last week’s best reads: Pengrowth, Fairfax, TMX
Debt-heavy Pengrowth Energy Corp. is in talks to sell approximately $500-million in Alberta oil and gas assets to Infor Acquisition Corp., the latest sign of financial companies stepping up for energy assets, according to people familiar with the matter. Story Fairfax Financial Holdings Ltd. is preparing a bid to acquire New Zealand-based insurance company Tower Ltd. in a deal valued at about $140-million , according to people familiar with the sale process.
Brian Gaynor: Takeover fever hits the sharemarket
The NZX has been hit by a serious bout of takeover fever, with bids for Tower and TeamTalk this week. This follows full or partial offers for Abano Healthcare, Airwork Holdings, Antipodes Gold and Hellaby Holdings in recent months and the strong possibility that Tenon will delist after the sale of its main business.
Brian Gaynor: Takeover fever hits the sharemarket
The NZX has been hit by a serious bout of takeover fever, with bids for Tower and TeamTalk this week. This follows full or partial offers for Abano Healthcare, Airwork Holdings, Antipodes Gold and Hellaby Holdings in recent months and the strong possibility that Tenon will delist after the sale of its main business.
RSA Insurance Invests in UK Dog Care Fintech Company, Pitpatpet
RSA Insurance has made its first external investment in a fintech company, Pitpatpet Ltd., the Cambridge, England-based creator of the PitPat dog activity monitor and dog care intelligence data platform. PitPat attaches quickly and securely to a dog’s collar where it has a battery life of over a year.
Global Natural disasters cost insurers N16tr in 2016
The Munch Re’s report for 2016 has indicated that countries across the world suffered natural disasters to the tune of $175billion in 2016. Out of this figure, only $50billion was covered by insurance industry.
Floods, fire shatter insurance records
A vehicle is submerged in a residential area of Sydney after being hit by a tropical storm in October. Flooding in Cape Breton and fires in Alberta took a toll on insurers across the country in 2016.