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Recent floods to cost French insurers 1 bln euro - group

Friday, 17 Jun 2016 09:33am EDT

French insurance association: confirms initial estimate on insured damages cost from recent floods at around 1 billion euros ($1.13 billion) ($1 = 0.8870 euros) (Reporting by Paris bureau) ((paris.newsroom@thomsonreuters.com; +33149495452; Reuters Messaging: michel.rose.thomsonreuters.com@reuters.net)).

Standard Life notes India JV deal talks, says no certainty on deal

Friday, 17 Jun 2016 03:09am EDT

Standard Life Plc : Says notes announcement today that HDFC Standard Life Insurance Company, Max Life Insurance Company and Max Financial Services have entered into a confidentiality, exclusivity and standstill agreement to evaluate a possible merger between those parties. .Says any deal subject to board, shareholder, regulatory, court, other approvals. No certainty a deal will proceed. Will update market at appropriate time..

Max Financial to evaluate merger of Max Life and Max Financial into HDFC Life

Friday, 17 Jun 2016 02:34am EDT

Max Financial Services Ltd : Approved agreement to evaluate potential combination via merger of Max Life Insurance and Max Financial Services into HDFC Standard Life .

Delta Lloyd sale of stake in Van Lanschot: over-allotment option exercised in full

Friday, 17 Jun 2016 01:30am EDT

Delta Lloyd NV : Full exercise of the over-allotment option in respect of the sale of Delta Lloyd's shareholding in Van Lanschot . Delta Lloyd has successfully sold 12,400,000 depositary receipts representing ordinary shares, or 30.2 pct in Van Lanschot's issued share capital . Gross proceeds for Delta Lloyd amount to 198.4 million euros ($223.14 million) .Goldman Sachs International and UBS investment bank acted as joint global coordinators and joint bookrunners for offering.

Medibank Private Ltd refutes claims by Australian Competition and Consumer Commission

Wednesday, 15 Jun 2016 09:51pm EDT

Medibank Private Ltd : Media release - response to accc proceedings . Says refutes claims by the accc related to activities that took place in 2014 . As this matter is now before the court, we are unable to make any further comment on the allegations" .

Didi Chuxing completed $7.3 billion financing round

Wednesday, 15 Jun 2016 09:35pm EDT

Didi Chuxing: Completed $7.3 billion financing round . China Merchants Bank has committed to become lead arranger for syndicated loan to Didi of up to $2.5 billion . China Life contributed long-term debt investment of about $300 million Further company coverage: [600036.SS] (Bengaluru Newsroom) ((+1 646 223 8780;)).

Australian competition regulator instituted court proceedings against Medibank Private

Wednesday, 15 Jun 2016 07:29pm EDT

Australian Competition and Consumer Commission : ACCC instituted proceedings in the federal court against Medibank Private Ltd . ACCC alleges Medibank did not provide members with any advance notice of the change despite previously representing that it would do so" . ACCC says proceedings alleging MPL contravened Australian Consumer Law .ACCC says allegations are in relation to Medibank's failure to notify Medibank members regarding its decision to limit benefits paid.

China Pacific Insurance Group says elected Yu Yeming as chairman of fourth session of Board of CPIC AMC<601601.SS>

Wednesday, 15 Jun 2016 07:38am EDT

China Pacific Insurance Group Co Ltd <601601.SS>: Announcement change in chairman of pacific asset management co., ltd., subsidiary of China Pacific Insurance Group Co. Ltd. <2601.HK> . Huo Lianhong, executive director and president of co, ceased to serve as chairman of board of directors of CPIC AMC . Says election of Yu Yeming as the chairman of the fourth session of the board of CPIC AMC .

China Taiping Insurance updates on premium income of PRC subsidiaries from 1 Jan TO 31 May<0966.HK>

Wednesday, 15 Jun 2016 04:18am EDT

China Taiping Insurance Holdings Co Ltd <0966.HK>: Gross Premium Income for the period from 1 Jan TO 31 May for Taiping Pension Company Limited is RMB 2.22 bln . Gross premium income for the period from 1 jan to 31 may for Taiping Life Insurance Company Limited is rmb52.55 bln . Jan to May gross premium income for Taiping General Insurance Company Limited was rmb7.57 bln .

Manulife Asset Management says laid out plans for expansion of its operations in Europe

Tuesday, 14 Jun 2016 10:45am EDT

Manulife Asset Management:Laid out plans for expansion of its operations in europe.

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