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Legal & General Group PLC (LGEN.L)

LGEN.L on London Stock Exchange

22 Jul 2016
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Thu, Jul 14 2016

Fitch Affirms Legal & General's IFS at 'AA-'; Outlook Stable

(The following statement was released by the rating agency) LONDON, July 14 (Fitch) Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Legal & General Group Plc's (L&G) core rated operating entities, Legal & General Assurance Society Ltd, Banner Life Insurance Company and William Penn Life Insurance Company of New York, at 'AA-'. Fitch has simultaneously affirmed L&G's Long-Term Issuer Default Rating (IDR) at 'A+'. The agency has also affirmed the senior unsecured de

BRIEF-Legal & General appoints Philip Broadley to board

* Legal & General Group Plc says Philip Broadley appointed independent non-executive director Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

L&G's fund arm cuts offer spead to zero on UK Property Fund

LONDON, July 7 Legal & General Investment Management said on Thursday it had cut the offer price to zero on its UK Property Fund and Feeder Fund in response to market ructions after the UK's vote to leave the European Union.

BRIEF-Legal & General's retirement business books 4 billion stg H1 sales

* Legal & General books £4.0bn of retirement new business sales in h1 2016, as lifetime mortgages overtake individual annuities

L&G says balance sheet resilient, shares jump

LONDON, June 28 Legal & General's balance sheet has proven resilient following Britain's decision to leave the EU partly because the British insurer trimmed its exposure to riskier assets before the vote, it said on Tuesday.

BRIEF-Legal & General says balance sheet resilient in face of Brexit volatility

* Our solvency II surplus is c.£4.9bn, we expect our net cash for half year 2016 to be up 15% and we run an 'a minus' rated credit portfolio of £44.8bn.

Legal & General appoints Whitehall veteran John Kingman as group chairman

LONDON, June 28 British insurer Legal & General has appointed John Kingman as its group chairman, the company said on Tuesday.

MOVES-Legal & General's pension risk transfer unit hires new director

June 21 UK insurer Legal & General Group Plc's pension risk transfer business appointed Ashu Bhargava as a director in strategic transactions.

MOVES-LGIM names Ali Toutounchi mastertrust trustee

June 15 Legal & General Investment Management (LGIM) said it named Ali Toutounchi as a trustee of the Legal & General mastertrust and a member of the Legal & General independent governance committee.

BRIEF-Legal & General Group AGM sees all resolutions passed

* 87.57 percent shareholders at AGM vote for proposal on disapplication of pre-emption rights Source text for Eikon: Further company coverage:

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