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Allianz preparing takeover on Swiss Life
German insurer Allianz is preparing an offer for Swiss Life, French online news site Wansquare reported on Sunday, citing Swiss banking sources.
If an...
Financial regulators issue new guidelines to tighten oversight
International financial regulators on Friday issued new recommendations to toughen up regulation of the industry, including the mortgage sector, in a bid to prevent...
Munich Re assists to place $225 million Zurich Financial cat bond
Munich Re has assisted Zurich Financial Services Group in a US$ 225m catastrophe bond transaction that transfers the risk of severe earthquakes in California...
AIG halting sale of stake in Chartis
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and...
NXP CEO Frans Van Houten to lead ING Group’s split
Dutch bancassurer ING Group NV said Monday it has appointed Frans van Houten, a former chief executive of NXP Semiconductors, to lead the financial...
Bancassurer ING completes rights issue and State repayment
ING announced today that it has completed its planned repurchase of EUR 5 billion of the Core Tier 1 securities issued in November 2008...
New Brit to apply to the UK Listing Authority and LSE
Brit Insurance Holdings PLC announces that New Brit has made an application to the UK Listing Authority and to the London Stock Exchange for...
Brit Insurance Holdings N.V to become the holding company of the Group
Brit Insurance Holdings PLC announces that the Scheme between Brit and its Scheme Shareholders was today approved by the Court. It is expected that...
Korea Life Insurance applies for preliminary approval for about $2 billion IPO
Korea Life Insurance Co. submitted an application for preliminary approval for its initial public offering next year to the Korea Exchange, the bourse said...
Credit Suisse in talks to acquire Fortis Bank Nederland’s unit Prime Fund Solutions
Credit Suisse Group Friday said it is in exclusive talks to acquire Fortis Bank Nederland's unit Prime Fund Solutions, a deal which would further...
ING completes rump offering at EUR 6.68 per share
ING announced today that in connection with its EUR 7.5 billion rights issue 53,365,998 new (depositary receipts for) shares have been sold at a...
ING announces rights issue take up of 97.0%
ING announced today that it has received subscriptions for 1,715,046,546 new (depositary receipts for) shares through the valid exercise of rights related to its...
Treasury publishes details of Asset Protection Scheme
The Treasury has today published its final agreement with the Royal Bank of Scotland on the bank’s participation in the Asset Protection Scheme, along...
European Commission approves Royal Bank of Scotland restructuring
The European Commission on Monday approved the restructuring of the state-owned Royal Bank of Scotland, rescued by Europe's biggest-ever taxpayer bailout during the financial...
Lloyds Banking Group gets 95 per cent take-up for cash call
Lloyds Banking Group said take-up for its record 13.5 billion pound rights issue totalled over 95 percent, drawing a line under a turbulent few...
AXA’s employees hold around 5.8% of the share capital after the 2009 SharePlan
On August 25, 2009 AXA announced the launch of its 2009 SharePlan offering (“SharePlan 2009”), a capital increase reserved to its employees worldwide.
Approximately 31,000...
AXA and AMP announce they have submitted their best and final joint proposal to AXA Asia Pacific Holdings’ committee of independent directors
AXA announces that a revised joint offer (the “Proposal”) was communicated by AMP and AXA to the AXA Asia Pacific Holdings (“AXA APH”) committee...
Aviva Investors sells £260 million portolio to SWIP Property Trust
Aviva Investors, the global asset management business of Aviva, today announced it has sold a portfolio of 12 UK commercial properties* to SWIP Property...
Swiss Re obtains $150 million of natural catastrophe protection through new Successor X programme
Swiss Re has obtained USD 150 million protection for North Atlantic hurricane, European windstorm and California earthquake through the Successor X catastrophe bond programme.
Swiss...
Aegon says it pays back billion euros to government
Dutch insurance group Aegon said on Tuesday that it has paid back one-third, or one billion euros (1.5 billion dollars), of a cash injection...
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