Financial News
Legal & General in talk to cherry-pick troubled assets from Lloyds Banking Group
The real estate arm of insurer Legal & General is in talks to cherry-pick troubled assets from Lloyds Banking Group in deals that could...
Towergate Financial launches new London Employee Benefits and Private Client Business
Towergate Financial, the financial advisory business of the Towergate Group, today announces the launch of Towergate Financial London. This new business will provide a...
Aviva to reduce MVRs on with-profit funds
Aviva has reduced market value reductions on with-profits policies. The changes apply to all Aviva unitised with-profit funds – formerly known as CGNU, CULAC,...
Mutual & Federal board to support Old Mutual offer
Mutual & Federal Insurance Co.'s board will vote in favor of a takeover offer from majority-owner Old Mutual PLC, the South African short-term insurer...
British insurer Aviva outlines Dutch flotation
Insurer Aviva said Monday it would float 42 percent of Delta Lloyd in Amsterdam next month in an initial public offering that values its...
ING announces sale of US reinsurance unit
Dutch banking and insurance group ING said on Friday it had sold its US reinsurance business to Reinsurance Group of America for an undisclosed...
ING to sell Asian Private Banking business to OCBC
ING announced today that it has reached an agreement to sell its Asian Private Banking business to Oversea-Chinese Banking Corporation Limited (OCBC Bank) for...
Willis Group Holdings to announce third-quarter earnings on October 26
Willis Group Holdings Limited, the global insurance broker, will announce its earnings for the third quarter ending September 30, 2009 after the market closes...
AEGON releases $650 million of capital
AEGON announces that it has successfully completed a capital management transaction that will make available approximately USD 650 million of additional regulatory capital to...
Guy Carpenter to acquire London based reinsurance broker Rattner Mackenzie
Guy Carpenter & Company, LLC, the risk and reinsurance specialist, announced today that it has entered an agreement to buy all of the issued...
Standard & Poor’s assigns ‘AAAm’ ratings to Aviva money market funds
Standard & Poor's Ratings Services said today that it assigned its highest principal stability fund rating of 'AAAm' to Aviva Investors Sterling Liquidity Fund...
Aviva aims to raise €1.6 billion
Aviva, Britain's second-biggest insurer, aims to raise about 1 billion euros to 1.6 billion euros, in the listing of its Dutch unit Delta Lloyd,...
Assured Guaranty may rise after purchase
Assured Guaranty Ltd's acquisition of a rival this summer may help shares of the U.S. bond insurer double or even triple, Barron's said on...
RCM, Allianz’s equity fund management to raise $100 million to boost sector assets
RCM, Allianz's equity fund management unit, is launching two new hedge fund products aimed at increasing its assets under management in the sector by...
Munich Re to resume its share buy-back programme and repurchase €1bn of shares
Munich Re intends to resume its suspended share buy-back programme and repurchase shares with a volume of up to €1bn by the 2010 Annual...
Aviva completes the sale of Aviva Australia Holdings Ltd for £452 million
Further to its announcement dated 21 June 2009, Aviva has today completed the sale of Aviva Australia Holdings Ltd, its Australian life and pensions...
Willis acquires 100% of its Argentina Businesses to form Willis Argentina S.A.
Willis Group Holdings, today announced that it has completed the purchase of 100 percent of the share capital of Herzfeld Willis S.A. (Retail...
RSA Insurance Group announces sale of British Engine for £28 million
RSA Insurance Group plc announces the sale of British Engine Insurance Limited to Knapton Holdings Limited, a wholly-owned subsidiary of Enstar Group Limited, for...
Aon acquires Progres in Poland
Aon Poland has acquired Dom Brokerski Progres S.A. and Progres Services Sp z.o.o., the leading automotive brokerage firm in the Polish market. Financial terms...
ING to sell Australian and New Zealand insurance business to ANZ
ING announced today that it has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to...
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