Toscafund puts 48% stake in insurer Caravela up for sale
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Toscafund, the largest shareholder of insurer Caravela, has put its holding in the insurer up for sale and appointed Mediobanca as adviser on the transaction, Bloomberg reported on Monday, citing people close to the potential deal. The fund took a stake in what is the seventh-largest non-life insurer in Portugal in 2019, through ...
Pet health insurance is set to grow by 11% a year in Portugal
Portugal records one of the lowest penetration rates for animal health insurance in Europe, with only 15% of pets insured, according to data from the study “PetPulse Insights”, carried out by Bernardo Soares, Veterinary Surgeon and One Health Director at UPPartner. This figure contrasts drastically with countries such as Sweden, which shows a rate ...
Insurance market grows by 14.1% until September, driven by the Life sector
The total production of the direct insurance market (Life and Non-Life sectors) increased by 14.1% in the first nine months of the year compared to the same period in 2024, reaching €11.8 billion, reported ASF this Thursday. The Life sector grew by 19.7% during the period under review, due to a 58.3% increase observed in [...]
