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Life & Health Insurance

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Direct Line brings on Prudential's CFO as new finance head

Friday, 8 Sep 2017 04:30am EDT

Sept 8 (Reuters) - DIRECT LINE INSURANCE GROUP PLC ::‍PENNY JAMES TO SUCCEED JOHN REIZENSTEIN AS CFO OF DIRECT LINE GROUP​.‍PENNY JAMES WILL JOIN COMPANY AS CHIEF FINANCIAL OFFICER-DESIGNATE AND BOARD AS AN EXECUTIVE DIRECTOR ON 1 NOVEMBER 2017​.JAMES ‍WILL SUCCEED JOHN REIZENSTEIN AS CHIEF FINANCIAL OFFICER ON 1 MARCH 2018, ALL SUBJECT TO USUAL REGULATORY APPROVALS.

Sun Life Global Investments to acquire Excel Funds Management and Excel Investment Counsel

Thursday, 7 Sep 2017 05:04pm EDT

Sept 8 (Reuters) - Sun Life Financial Inc :Sun Life Global Investments to acquire Excel Funds Management Inc and Excel Investment Counsel Inc.Sun Life Financial Inc says ‍financial and other terms of transaction will not be disclosed​.

April H1 current EBIT increases to 38.1 million euros

Thursday, 7 Sep 2017 11:46am EDT

Sept 7 (Reuters) - APRIL SA ::H1 NET INCOME GROUP SHARE EUR ‍​ 23.9 MILLION VERSUS EUR 26.1 MILLION YEAR AGO.H1 CONSOLIDATED SALES EUR ‍​457.7 MILLION VERSUS EUR 430.2 MILLION YEAR AGO.CONFIRMS ITS TARGET TO STABILISE CURRENT EBIT IN 2017.‍​.H1 CURRENT EBIT 38.1 EUR MILLION VERSUS EUR 37.1 MILLION YEAR AGO.

Sanlam says ‍HY new business volumes down 4 pct

Thursday, 7 Sep 2017 01:06am EDT

Sept 7 (Reuters) - Sanlam Ltd ::‍HY GROUP EQUITY VALUE PER SHARE OF R54.69​.‍HY RETURN ON GROUP EQUITY VALUE PER SHARE OF 6.1% FOR SIX-MONTH PERIOD​.HY ‍NET FUND INFLOWS OF R19 BILLION COMPARED TO R22 BILLION IN 2016​.‍HY NEW BUSINESS VOLUMES DECLINED BY 4% TO R110 BILLION (DOWN 2% IN CONSTANT CURRENCY)​.HY ‍NET VALUE OF NEW COVERED BUSINESS UP 11% TO R782 MILLION (UP 17% IN CONSTANT CURRENCY)​.‍SANLAM GROUP SAM COVER RATIO OF 2.1 TIMES; SANLAM LIFE INSURANCE LIMITED SAM COVER RATIO OF 3 TIMES​.HY DILUTED HEADLINE EARNINGS PER SHARE AT 225,3 CENTS VERSUS 277,2 CENTS YEAR AGO.‍DISPOSAL OF GROUP'S STAKES IN ENTERPRISE GROUP IN GHANA WILL ALSO IMPACT ON FULL-YEAR GROWTH FOR 2017 AND 2018​.‍PROSPECTS FOR SOUTH AFRICA WILL REMAIN MUTED FOR REMAINDER OF 2017 AND 2018​.

Athene Holding's ‍independent board waives off lock-up restrictions on certain class A common shares

Wednesday, 6 Sep 2017 05:12pm EDT

Sept 6 (Reuters) - Athene Holding Ltd :Athene Holding says ‍independent board directors approved waiver of lock-up restrictions applicable to certain class A common shares of co - SEC filing.Athene Holding - Waiver approved for ‍class A common shares under registration rights agreement dated April 4, 2014, as amended between Co, holders.Athene Holding - Waiver will release class A common shares held by certain third-party holders who purchased shares prior to athene's IPO in Dec 2016.

MMI Holdings says FY core diluted HEPS at 200 cents/shr

Wednesday, 6 Sep 2017 01:05am EDT

Sept 6 (Reuters) - MMI Holdings Ltd ::FY NEW BUSINESS VOLUMES ARE DOWN 6 pct YEAR-ON-YEAR TO R41.6BN.MMI HOLDINGS LTD - ‍DECLARED A 92 CENT PER SHARE FINAL DIVIDEND WHICH RESULTS IN A FULL YEAR DIVIDEND OF 157 CENTS PER SHARE IN RESPECT OF F2017​.FY DILUTED CORE HEADLINE EARNINGS PER SHARE AT 200 CENTS VERSUS 199.9 CENTS YEAR AGO.‍OUTSIDE OF EXISTING OPERATIONS WE HAVE ALSO SET ASIDE R1.0BN TO FUND STRATEGIC INITIATIVES​.

NN Group says will repurchase shares for total amount of Euro 78 mln

Monday, 4 Sep 2017 01:06pm EDT

Sept 4 (Reuters) - NN Group NV ::NN Group NV says will neutralise dilutive effect of stock dividend through repurchase of ordinary shares for a total amount of eur 78 million.

Cattolica Assicurazioni appoints Enrico Mattioli CFO

Friday, 1 Sep 2017 11:37am EDT

Sept 1 (Reuters) - SOCIETA CATTOLICA DI ASSICURAZIONE SC ::APPOINTS ENRICO MATTIOLI CHIEF FINANCIAL OFFICER.

Discovery sees FY undiluted HEPS between 674 cents and 697 cents

Thursday, 31 Aug 2017 02:54am EDT

Aug 31 (Reuters) - DISCOVERY LTD ::FY UNDILUTED HEPS EXPECTED TO INCREASE IN RANGE OF 18% TO 22%, TO BETWEEN 674 CENTS AND 697 CENTS OVER PRIOR YEAR.‍FY NORMALISED HEPS (UNDILUTED) IS EXPECTED TO INCREASE IN RANGE OF 5% TO 8%, TO BETWEEN 710 CENTS AND 730 CENTS OVER PRIOR YEAR (2016: 676.3 CENTS)​.

Chesnara posts H1 IFRS pretax profit of 51.6 mln pounds

Thursday, 31 Aug 2017 02:00am EDT

Aug 31 (Reuters) - CHESNARA PLC ::H1 ECONOMIC VALUE (ECV) OF £700.4M NOTE 1 (31 DECEMBER 2016: £602.6M)..H1 GROUP CASH GENERATION OF £46.2M NOTE 2 (SIX MONTHS ENDED 30 JUNE 2016: £13.6M).H1 IFRS PROFIT BEFORE TAX OF £51.6M (SIX MONTHS ENDED 30 JUNE 2016: £0.2M).H1 GROUP SOLVENCY RATIO OF 143% (31 DECEMBER 2016: 144% NOTE 3 ).2.9% INCREASE IN INTERIM DIVIDEND COMPARED WITH 2016.INVESTIGATION INTO HOW COUNTRYWIDE ASSURED DISCLOSED EXIT FEES TO CUSTOMERS, INITIALLY ANNOUNCED ON 3 MARCH 2016, IS ONGOING.HAVE PROVIDED FCA WITH ALL INFORMATION REQUESTED.OUTCOME FROM INVESTIGATION SHOULD NOT HAVE A MATERIAL IMPACT ON COMPANY.UK BUSINESS REMAINS A ROBUST SOURCE OF CASH, WITH ADDITIONAL POTENTIAL TO TAKE MANAGEMENT ACTIONS TO ENHANCE CORE CASH IF REQUIRED.REMAIN OPEN MINDED ABOUT NEW TERRITORIES BUT BENEFITS WOULD NEED TO OUTWEIGH INHERENT CHALLENGE OF ADDING ANOTHER REGULATORY ENVIRONMENT INTO OUR BUSINESS MODEL.WHATEVER OUTCOME FROM BREXIT NEGOTIATIONS, WE EXPECT IT TO HAVE LITTLE DIRECT IMPACT ON OUR BUSINESS MODEL.

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