News: Protective Life Corp (PL.N)

PL.N on New York Stock Exchange

45.05USD
1 Aug 2013
Price Change (% chg)

$1.72 (+3.97%)
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$43.33
Open
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$46.04
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Wed, Jul 17 2013

UPDATE 1-Allstate to sell Lincoln Benefit Life insurance unit for $600 mln

July 17 - Home and auto insurer Allstate Corp will sell one of its life insurance businesses, Lincoln Benefit Life Co, to Resolution Life Holdings for $600 million, the company said on Wednesday.

Allstate to sell life insurance business for $600 mln

July 17 - Home and auto insurer Allstate Corp will sell its Lincoln Benefit Life Co to Resolution Life Holdings for $600 million, becoming the latest insurer to sell their life and annuity businesses in the low interest-rate environment.

RPT-Fitch places MONY Life rating on negative watch pending sale

April 11 - (The following statement was released by the rating agency)

RPT-Fitch affirms Protective Life Corporation ratings on acquisition announcement; Outlook Stable

April 11 - (The following statement was released by the rating agency)

Protective Life to buy AXA U.S. life portfolio for $1 billion

- Protective Life Corp agreed to buy a portfolio of old policies from French insurer AXA SA's U.S. business for $1.1 billion, with the aim of squeezing more value out of them.

UPDATE 1-Protective Life to buy AXA US life portfolio for $1 bln

April 11 - Protective Life Corp agreed to buy a portfolio of old policies from French insurer AXA SA's U.S. business for $1.1 billion, with the aim of squeezing more value out of them.

Protective Life to buy AXA life insurance unit for $1.06 bln

April 10 - Protective Life Corp said it will buy Mony Life Insurance Company from parent AXA SA for $1.06 billion to access its portfolio of life insurance policies.

Exclusive: Protective Life in lead for AXA US insurance assets - sources

NEW YORK - U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation.

EXCLUSIVE-Protective Life in lead for AXA US insurance assets -sources

NEW YORK, March 26 - U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation.

EXCLUSIVE-Protective Life in lead for AXA US insurance assets -sources

(Adds Morgan Stanley declining to comment, stock price, background)

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