HUGIN NEWS/KBC acquires 70% stake in DZI Insurance, market leader in non-life and life insurance in high-growth Bulgaria (FinanzNachrichten)
KBC and Kontrakt Sofia reached agreement today for KBC ( Nachrichten ) to acquire 70% ownership of DZI Insurance, the market leader in non-life and life insurance in Bulgaria, for 185 million EUR. Following the acquisition, KBC will launch a public bid for the remaining 30%. As part of the deal, KBC will also acquire DZI INVEST, a securities broker active on the Bulgarian Stock Exchange.

Spanish insurer Mapfre eyes U.S. non-life, car insurance acquisitions (Market Watch)
MADRID (MarketWatch) -- Spanish insurer Mapfre (MAP.MC) is looking to strengthen its presence in the U.S. by acquiring one large or several small insurers in the non-life segment.

Nigeria: Bank Life Insurance Sales in Steady Growth (AllAfrica.com)
The typical bank in the latest Kehrer-LIMRA Bank Life Insurance Sales Study increased its new life sales revenue by an estimated 15 percent last year, on the heels of a similar increase the previous year.