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Moody's says UK insurers' asset management firms set to capitalize on pensions expertise

Wednesday, 22 Mar 2017 02:21am EDT

Moody's: UK insurers' asset management firms set to capitalize on pensions expertise . Higher dependence on asset management revenues will increase UK insurers' exposure to tough conditions in the asset management industry, . Believes insurers and fund managers in UK are increasingly competing for same pool of assets and leading to cost convergence in some cases Source http://bit.ly/2nI0dft ((Bangalore.newsroom@thomsonreuters.com;)).

Prudential Financial CEO John Strangfeld's FY 2016 total compensation $5.3 mln vs $4.84 mln in FY 2015 - SEC filing

Tuesday, 21 Mar 2017 04:38pm EDT

Prudential Financial Inc :CEO John Strangfeld's FY 2016 total compensation was $5.3 million versus $4.84 million in FY 2015 - SEC filing.

Standard Life updates on post-merger co-CEO roles

Monday, 20 Mar 2017 08:15am EDT

Standard Life Plc : Proposed all-share merger:Post-Merger Co-CEO Roles . Post-Merger approach to organisational design and allocation of responsibilities between co-chief executives is being communicated . As co-ceos, Keith Skeoch and Martin Gilbert will share responsibility for core aspects of role such as executive committee . Keith Skeoch will have individual accountability for day to day running of fabric of combined business . Martin Gilbert will have individual accountability for external matters including responsibility for international activities . Keith and Martin will have joint accountability for communications and post-merger integration programme. . Both companies expect to make further announcements regarding composition of proposed executive management teams in due course .All relevant appointments are subject to regulatory approval..

Swiss Re Life Capital Ltd to raise stake in Lifenet Insurance to 11.1 pct from 0 pct

Friday, 17 Mar 2017 06:48am EDT

Lifenet Insurance Co <7157.T>: Says Swiss Reinsurance Company Ltd will sell its entire 11.1 percent stake in the co to Swiss Re Life Capital Ltd at 2.17 billion yen in total .Says Swiss Re Life Capital Ltd will hold 11.1 percent stake in the co after the acquisition.

Athene Holding files for secondary offering of up to $100 million of common stock

Thursday, 16 Mar 2017 05:43pm EDT

Athene Holding Ltd : Files for secondary offering of up to $100 million of common stock - sec filing .Athene holding ltd - co will not receive any proceeds from the sale of the class a common shares to be offered in the secondary offering.

Nippon Life Insurance seeks to double net profit from group businesses by fiscal 2020-Nikkei

Thursday, 16 Mar 2017 05:33pm EDT

: Nippon life insurance seeks to double net profit from its group businesses to about 70 billion yen by fiscal 2020-nikkei .Nippon life insurance aims for 8% growth in annualized premiums for policies in force in japan - nikkei.

Intesa CEO hasn't changed mind after scrapping Generali bid

Thursday, 16 Mar 2017 08:29am EDT

Intesa Sanpaolo Chief Executive Carlo Messina says: has not changed his mind after scrapping a possible bid on insurer Generali . lender's organic profits will be much bigger than those derived from acquisitions Further company coverage: [ISP.MI] [GASI.MI] (Reporting by Milan newsroom).

Generali has no special defensive plans after Intesa - CEO

Thursday, 16 Mar 2017 08:01am EDT

Assicurazioni Generali CEO Philippe Donnet says: has no special defensive plans after Intesa Sanpaolo dropped its interest in the insurer . best way to create value for shareholders is to successfully implement plan on standalone basis Further company coverage: [GASI.MI] (Reporting by Milan newsroom).

Generali shares up 2.8 percent after results

Thursday, 16 Mar 2017 04:11am EDT

Assicurazioni Generali: shares up 2.8 percent after 2016 results . Banca Imi considers the results as a solid set of numbers, welcoming a speed up in cost reduction Further company coverage: [GASI.MI] (Reporting by Milan newsroom).

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