February 6, 2017 / 12:22 PM / 6 months ago

BRIEF-Life Company Consolidation Group to buy Reliance Mutual

Feb 6 (Reuters) - Life Company Consolidation Group:

* Announces proposed acquisition of reliance mutual

* Reliance mutual will be demutualised and all of its business transferred to a newly formed UK Life Company established by LCCG

* Withprofits policyholders will gain from lower exposure to operating expenses and the transfer of liabilities relating to reliance pension scheme Source text for Eikon: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below