SBI Life signs corporate agency pact with Repco Home Finance

Private sector SBI Life Insurance on September 24 said it has signed a corporate agency agreement with city-based Repco Home Finance Ltd to offer the company’s range of products to RHFL customers. According to the agreement, the partnership would see over 148 branches and 27 satellite centres of RHFL spread across the country to offer SBI Life Insurance products to its customers. “The longevity associated with life insurance demands a very high level of consumer trust, which is built with tie-ups with highly credible distribution partners. This tie-up with Repco…

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Germany: new agency members, website for FDSV

Astur in Fulda and Lingoschools in Frankfurt joined the association bringing its total membership to 29 agencies. Meanwhile, the FDSV website has an enhanced course search function making it easier for German students to peruse courses offered by agency partners. Peter Schuto, managing directer at Astur, which recruits students to Germany as well as sends German students overseas, said joining FDSV allows the agency to attract more attention on the global stage. “We recognised that the FDSV itself grabs more and more attention from our international agents” “Astur decided to…

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Chinese agency EIC bought for reported $692m

Financial details of the deal have not been disclosed, though Reutersreported that a source “with direct knowledge of the deal” said it had generated $692m for previous investors CVC Capital Partners. In 2014, the agency sent some 18,500 Chinese students overseas to study Luxembourg-based CVC acquired a majority stake in EIC in 2013 for a reported $200m, buying shares from Actis Capital and EIC’s founder, Joe Li. It appears to have therefore more than tripled its investment in the deal, which was led by China-based NLD Investment LLP, in partnership with Li and other management. EIC has organised study abroad placements for…

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