May 23 (Reuters) - Farglory Life Insurance Co Ltd <5859.TWO> ::* Says it was fined and required to pay penalty of T$100,000 due to violations of Labor Standards Act.
May 23 (Reuters) - China Taiping Insurance Holdings Co Ltd <0966.HK>::Zhang Ruohan, joint company secretary of company, has been appointed as chief financial officer.
May 23 (Reuters) - Challenger Ltd :Reconfirms FY17 life COE guidance – mid-point of $620m to $640m range.
May 22 (Reuters) - Independence Holding Co :Independence holding company announces 2016 fourth-quarter and annual results.Q4 earnings per share $0.44 from continuing operations.Q4 earnings per share $0.49.Independence holding co - qtrly premiums earned $67.2 million versus $117.9 million.
May 22 (Reuters) - UK'S CMA: :UK'S CMA says is considering if Standard Life and Aberdeen Assest Management deal, if carried into effect, will result in the creation of a relevant merger situation.UK'S CMA says is considering if in case of a relevant merger situation,whether it may be expected to result in substantial lessening of competition.
May 22 (Reuters) - Storebrand Asa :Storebrand Livsforsikring AS sells its 20.8 pct stake in Formuesforvaltning AS to Phoenix Management.Transaction is expected to give a positive result contribution of around NOK 85 million in q2 2017.
May 22 (Reuters) - AEGON NV ::AEGON TO DIVEST MAJORITY OF US RUN-OFF BUSINESSES.HAS AGREED TO SELL ITS TWO LARGEST US RUN-OFF BUSINESSES, PAYOUT ANNUITY BUSINESS AND BANK OWNED / CORPORATE OWNED LIFE INSURANCE BUSINESS (BOLI/COLI), TO WILTON RE.UNDER TERMS OF AGREEMENT, AEGON'S TRANSAMERICA LIFE SUBSIDIARIES WILL REINSURE USD 14 BILLION OF LIABILITIES TO AFFILIATES OF WILTON RE US HOLDING INC.TRANSACTION AND RELATED MANAGEMENT ACTIONS ARE EXPECTED TO RESULT IN A CAPITAL RELEASE OF APPROXIMATELY USD 700 MILLION (EUR 630 MILLION) IN 2017..AS A RESULT OF ACTIONS ANNOUNCED TODAY, AEGON'S GROUP SOLVENCY II RATIO IS ESTIMATED TO IMPROVE BY APPROXIMATELY 6%-POINTS IN SECOND HALF OF 2017.AEGON EXPECTS ANNUAL CAPITAL GENERATION FROM ITS US OPERATIONS TO BE REDUCED BY APPROXIMATELY USD 30 MILLION (EUR 27 MILLION) FOLLOWING TRANSACTION.AFTER COMPLETION OF TRANSACTION AND RELATED MANAGEMENT ACTIONS, CAPITAL RELEASED FROM THIS TRANSACTION IS EXPECTED TO BE UPSTREAMED TO HOLDING.AEGON ANTICIPATES REINSURANCE TRANSACTION WILL RESULT IN A BOOK LOSS OF APPROXIMATELY USD 300 MILLION (EUR 270 MILLION), TO BE REPORTED IN OTHER CHARGES AT TIME OF CLOSING.TRANSACTION IS SUBJECT TO NORMAL REGULATORY APPROVALS AND IS EXPECTED TO CLOSE IN SUMMER OF 2017.
May 19 (Reuters) - Great-west Lifeco Inc :Great-West Lifeco subsidiary announces acquisition of Financial Horizons Group - the leading MGA in the Canadian market.Transaction is expected to be earnings accretive, although not material to overall Canadian earnings.Financial horizons group will continue to operate with its own governance and board of directors.
May 19 (Reuters) - Manulife Financial Corp ::Manulife Investments says receipt of required approvals from securityholders to proceed with previously announced mutual fund mergers.