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S&P Global Market Intelligence offers our top picks of insurance news stories and more published throughout the week.
Of stakes and sales
* Generali sold 510 million ordinary shares in Intesa Sanpaolo SpA, representing 3.04% of the Italian lender's share capital. The stake, which Generali acquired in February, prevented Intesa Sanpaolo from making a substantive investment in the insurer. Generali also terminated the collateralized derivative transaction which it entered Feb. 17 to fully hedge the economic risk related to the purchase of the Intesa Sanpaolo shares.
* Sompo International's London market insurance platform has reached a definitive renewal rights agreement with Novae Syndicates Ltd. under which Sompo International is acquiring renewal rights to Novae Syndicates' financial institutions portfolio.
Done deals
* Delta Lloyd NV ceased to exist after its triangular legal merger with NN Group NV wholly owned subsidiary NN Group Bidco BV took effect. The two companies previously expected the legal merger to complete Aug. 3.
* Old Mutual Plc unit Old Mutual Wealth completed its acquisition of U.K.-based financial adviser network Caerus Capital Group.
* Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros SA, or Caser, absorbed Unión del Duero Seguros Generales, the nonlife insurance division of Banco de Caja España de Inversiones SA.
Earnings scorecard
* ASR Nederland NV reported in...