Edition:
United Kingdom

Life & Health Insurance

Page 1

Liberty holdings says in 9-months group long-term insurance indexed new business grew by 6 pct​

Friday, 24 Nov 2017

Nov 24 (Reuters) - LIBERTY HOLDINGS LTD ::‍IN NINE MONTHS, GROUP LONG-TERM INSURANCE INDEXED NEW BUSINESS GREW BY 6% COMPARED TO NINE MONTH PERIOD TO 30 SEPTEMBER 2016​.‍HEIGHTENED POLITICAL AND ECONOMIC UNCERTAINTY SAW CONTINUED FLOWS INTO GUARANTEED PRODUCTS IN NINE MONTHS TO SEPT. 30 ​.‍IN NINE MONTHS TO SEPT. 30, ASSETS UNDER MANAGEMENT AMOUNTED TO R708 BILLION (31 DECEMBER 2016: R676 BILLION)​."‍OPERATING CONDITIONS ARE EXPECTED TO REMAIN CHALLENGING IN LIGHT OF POOR OUTLOOK FOR ECONOMIC GROWTH​".IN 9 MONTHS TO SEPT. 30, UNCERTAINITIES "‍MANIFESTED IN WEAKER BUSINESS MIX FROM MARGIN PERSPECTIVE,LOWER VALUE OF NEW BUSINESS IN SA RETAIL".

Old mutual's OMAMA says pricing of public offering of 6,039,630 ordinary shares

Wednesday, 15 Nov 2017

Nov 15 (Reuters) - OLD MUTUAL PLC ::SAYS ‍OM ASSET MANAGEMENT PLC ANNOUNCES PRICING OF PUBLIC OFFERING OF 6,039,630 OF ORDINARY SHARES FOR AGGREGATE PROCEEDS OF ABOUT $94 MILLION​.‍PUBLIC OFFERING IS EXPECTED TO CLOSE ON 17 NOVEMBER 2017​.‍ORDINARY SHARES ARE BEING OFFERED BY OLD MUTUAL PLC ('OLD MUTUAL'), THROUGH ITS WHOLLY OWNED SUBSIDIARY, OM GROUP (UK) LIMITED​.‍OMAM WILL NOT SELL ANY SHARES IN OFFERING AND WILL NOT RECEIVE ANY PROCEEDS FROM SALE OF SHARES​.

Banco Bpm to sell 65 pct stake in Avipop and Popolare Vita to Cattolica for Euro 853.4 mln

Friday, 3 Nov 2017

Nov 3 (Reuters) - Banco Bpm :Banco Bpm-‍reached agreement for sale of a 65% stake in Avipop Assicurazioni and popolare vita to Cattolica Assicurazioni, for euro 853.4 million​.Banco Bpm says ‍cattolica will have management control of insurance companies. Banco bpm will keep holding veto powers on significant strategic matters​.Banco Bpm says ‍Cattolica will finance this transaction with internal resources and by accessing debt capital markets.​.Banco Bpm says ‍transaction will be accretive on Cattolica's earnings, while designed financing structure will preserve its solid capital ratios​.‍Cattolica will appoint CEO of insurance companies, while Banco Bpm will appoint general manager​.

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.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary