After swallowing the American Metropolitan Group, Standard Bank Group officially set a flag in the insurance industry, and from then on, it can wave the flag and recruit troops in a bright and bright way.

You must know that before the flag was set in the insurance industry, even if Standard Bank Group has an insurance business, it is a little embarrassing to continue to grow bigger and stronger.

However, now, the American Metropolitan Group will take over the banner and defend the rich "territory" of the banking industry for the Standard Bank Group.

Of course, if you look at the current scale of the American Metropolitan Group, he is definitely not qualified enough, there is no way, he is still not far from Prudential Insurance, Aviva Group, AXA Group and other real insurance giants. Even, the American Metropolitan Group is some distance from the American International Group, in a word, he is not a giant in the insurance industry.

Otherwise, do you really think that Standard Bank Group would eat Metropolis so easily?

In order to strengthen the strength of the American Metropolitan Group, Standard Bank Group decided to reorganize all the insurance businesses under the entire Standard Bank Group to create a real insurance industry aircraft carrier.

After all, the competition in the insurance industry will become more and more fierce in the future, and if the American Metropolitan Group is still a small sampan, then even if it is backed by the aircraft carrier Standard Bank Group, it will not do much.

In a word, the iron has to be hard!

So, while all eyes are on the super merger of Citibank and Traveler Group, Standard Bank Group has already performed a major operation on itself and Mets to completely treat its insurance business.

In fact, Standard Bank Group's method is really very simple and rude, directly integrating all its insurance businesses into the American Metropolitan Group, and then optimizing and restructuring resources.

Don't look at the standard bank group before there was no company in charge of insurance business, but this does not mean that its insurance business is very poor? In fact, to be honest, the insurance business of the standard bank group is all integrated

In other words, it is really not weak at all, and it can even be compared with some insurance giants.

Not to mention anything else, Wells Fargo's insurance business alone is also quite strong, you know, Wells Fargo's insurance business was sold for more than $2 billion in later generations. Not only that, but Wells Fargo's premiums are billions of dollars every year, although the profits are a little pitiful, but that is also because Wells Fargo's main business is indeed not insurance. If this is handed over to a professional insurance group, it will definitely make greater profits.

The most important thing is that this is just Wells Fargo, and the major subsidiaries of the Standard Bank Group have their own insurance business, so this is not a small amount.

Once all these insurance businesses are merged and reorganized, and then put into the "shell" of the American Metropolitan Group, it is no exaggeration to say that "expansion" is almost inevitable.

After eating so many insurance assets, Mets will definitely become a giant in the global insurance industry, because he will not be a "person", not a "person", but a representative of a group of "people".

Don't blow it up, it's not black, the American Metropolitan Group was acquired by the Standard Bank Group, it is definitely eight lifetimes of virtue, and the ancestral tomb will be so good to stand in the smoke!

Although, maybe this good thing is not what the American Metropolitan Group wants to do, but a good thing is a good thing.

In order to expand its power as quickly as possible in this year of financial turmoil, Standard Bank Group quickly swung the scalpel in its hand and began to "operate......

Wells Fargo's insurance business was the first to be cut off and then integrated into the American Metropolitan Group, thus expanding the insurance coverage of the Metropolitan Group to a large extent at once. Here I want to say that the strongest insurance business of the American Metropolitan Group is in the field of life insurance, and it is the best life insurance company in the United States, and it is a little weak in other insurance fields.

After taking over Wells Fargo's insurance business, Met's size swelled by at least half, if not more. However, this is only the beginning, and there are many more insurance assets to be put into the "shell" of the American metropolis.

The injection of insurance assets such as Sumitomo Mitsui Banking Corporation, Industrial Bank of Japan and Kookmin Bank of Korea instantly made Metropolitan America one of the largest insurance groups in the pan-Asian region, that is, it is a little worse than AIA.

For AIA, to put it bluntly, Su Chenyu has really coveted it for a long time, otherwise the first target of Standard Bank Group would not be AIG, the parent company of AIA. However, the acquisition of American International Group failed, but Su Chenyu did not give up......

At the same time, banks such as the Royal Bank of Scotland, Standard Chartered Bank, and NatWestminster Abbey are also methodically segregating insurance assets before placing them in the American Metropolitan Group.

Therefore, all of a sudden, the American Metropolitan Group is like an inflatable, the speed of scale expansion is getting faster and faster, and if you don't pay attention, this product has surpassed AIG, Prudential, Aviva and other insurance giants, and chased Ansheng Group.

The rapid expansion of Metropolitan Group in the insurance industry has naturally attracted the attention of other insurance giants, and even from the moment Standard Bank Group acquired Met, the global insurance industry has been staring at this guy. After all, who knows what will happen next when such a super tiger as Standard Bank Group suddenly breaks in? If you keep an eye on it all the time, if you suddenly get swallowed one day, you don't know how to die.

Sure enough, Standard Bank Group really did not disappoint everyone, and really made such a big deal in the insurance industry, and forcibly "ripened" the "raw melon eggs" of the American Metropolitan Group.

Isn't Standard Bank Group afraid of harming the interests of its major banks?

Hehe, don't say it, I'm really not afraid, after focusing on commercial banking, financial services and other businesses, there is no need to focus on the insurance industry, Wells Fargo, Mitsui Sumitomo Bank, etc., these banks have developed better.

What's more, the newly rising insurance giant of Metropolitan Group in the United States is definitely beneficial and harmless to the major subsidiaries of Standard Bank Group.

In this way, everyone is happy, so why not do it?