United Kingdom

Life & Health Insurance

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S&P announces various Metlife Group rating actions post-reorganization

Friday, 5 Aug 2016

S&P On Metlife: Various Metlife Group rating actions post-reorganization; outlook on separating companies revised to negative .Revised outlook on to-be-separated operating entities to negative; outlook on other remaining Met Group entities remains stable.

Old Mutual, OMAM agreed to accelerate and terminate capital management agreement

Tuesday, 14 Jun 2016

Old Mutual Plc : OMAM has negotiated an acceleration and subsequent termination of deferred tax asset deed and seed capital management agreement with co . OMAM's on-going liabilities to Old Mutual under both agreements shall be satisfied earlier than expected .Omam acquires interest in landmark partners.

Fubon Financial Holding adjusts merger record date between subsidiaries

Monday, 18 Apr 2016

Fubon Financial Holding Co Ltd:Adjusts merger record date between subsidiaries Taipei Fubon Commercial Bank and a personal insurance agent wholly owned subsidiary to April 29 from Dec. 31, 2015.

Dai-ichi Life Insurance announces transition to holding company structure

Thursday, 17 Mar 2016

Dai-ichi Life Insurance Co Ltd:To set a wholly-owned subsidiary based in Tokyo as the successor preparatory company on April 1.To transfer its domestic life insurance business to the new subsidiary and restructure itself into holding company, effective Oct. 1.

Old Mutual PLC to split up, may list some businesses - Reuters News

Friday, 11 Mar 2016

Old Mutual PLC:Anglo-South African financial services group Old Mutual will split into its four main businesses, and may list its emerging market and wealth management arms, it said on Friday. - RTRS.Regulatory changes in Europe and South Africa have made the company, which started out in 1845 as a life insurance firm in Cape Town, more complex to run in its current form, it said."We have four very strong businesses ... there is little commonality and limited rationale for them to be combined into one group," chief executive Bruce Hemphill told a media call.Speculation about a break-up and possible bid for its UK wealth management business had boosted Old Mutual shares earlier this week, but the company made no mention of any offers. UBS analysts said that might disappoint shareholders.Old Mutual, which is listed in London and Johannesburg, will close its London head office to save 80 million pounds ($114 million) in costs, Hemphill said, without giving details on the number of jobs affected.

MetLife Inc announces plan to pursue separation of U.S. retail business

Tuesday, 12 Jan 2016

MetLife Inc:Announced a plan to pursue the separation of a substantial portion of its U.S. Retail segment.MetLife is currently evaluating structural alternatives for such a separation, including a public offering of shares in an independent, publicly traded company, a spin-off, or a sale.Says company is also undertaking preparations to complete the required financial statements and disclosures that would be required for a public offering or spin-off.All of the Company's other reporting segments - Group, Voluntary and Worksite Benefits (GVWB), Corporate Benefit Funding (CBF), Asia, Latin America, and Europe, the Middle East and Africa (EMEA) - would remain part of MetLife.

Dai-ichi Life Insurance announces effective date of transition to holding company structure

Friday, 30 Oct 2015

Dai-ichi Life Insurance Co Ltd:To restructure the company into a holding company, effective Oct. 1, 2016.To set up a subsidiary in early April, 2016 as preparation company.


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