In another instance of the on-going consolidation of the life insurance sector in Europe and of European banks selling their insurance subsidiaries, Monceau Assurances, a French composite insurer, announced the acquisition of Vitis Life Luxembourg from KBL European Private Bankers on July 7, 2015. KBL is owned by Precision Capital, based in Qatar. Vitis Life specializes in life insurance for high net-worth individuals (HNWI) and sells mostly unit-linked products

Generali announced in June 2015 a reorganization of its corporate structure in the Central & Eastern European (CEE) region. Generali increased its ownership of Generali PPF Holding B.V. (GPH) to 100% by acquiring the remaining 24% minority share held by PPF Group, in line with the agreements signed on January 8, 2013. The holding company operating in Central-Eastern Europe changes its name to Generali CEE Holding B.V. The CEE

AXA has announced in June 2015 the creation of AXA Lab Asia in Shanghai, identical to AXA Lab in the Silicon Valley. Led by Frank Desvignes, it will act as a business-focused center of expertise on data analytics and foster Research & Development. Meanwhile, AXA Strategic Ventures will open a new office in Hong Kong, so as to be in the best position to seize the numerous investment opportunities

AIG USA launched a new product, AIG Home Protection, a voluntary employee benefit that covers out-of-pocket expenses related to repairing or replacing home appliances. Available to groups with at least 2,500 employees, it covers parts and labor for repairing or replacing mechanical and electrical failures on products within the home, up to USD 5000/year. The program is an interesting example of B2B2E (business-to-business-to-employee) marketing and of leveraging P/C capabilities