Life & Health Insurance

Page 3

Cathay Financial Holding Co Ltd announces dividend declaration

Monday, 14 Jul 2014 05:17am EDT

Cathay Financial Holding Co Ltd:Says stock dividend per share is NT$0.5. NT$5,982,481,010 stock dividend will be issued as 598,248,101 new shares.Ex-rights (ex-dividend) trading date July 29.Last date before book closure July 30.Book closure starting date July 31.Book closure ending date Aug. 04.Ex-rights (ex-dividend) record date Aug. 04.

Assicurazioni Generali SpA agrees sale of BSI to Banco BTG Pactual SA

Monday, 14 Jul 2014 03:32am EDT

Assicurazioni Generali SpA:Generali’s Board approved an agreement for the sale of its entire holding in BSI to Banco BTG Pactual SA for a total consideration of 1.5 billion Swiss francs.The consideration is composed of an amount of 1.2 billion Swiss francs in cash and 300 million Swiss francs in BTG units listed on the Sao Paulo Stock Exchange.Says the sale of BSI is part of Generali’s strategy to focus on its core insurance business and improve its capital position.The transaction, which is subject to the usual regulatory approvals, is expected to be completed by the first half of 2015.Generali has been assisted on the transaction by J.P.Morgan and Mediobanca as financial advisors.

Wuerttembergische Lebensversicherung AG to pay no dividend until further notice

Friday, 11 Jul 2014 06:08am EDT

Wuerttembergische Lebensversicherung AG:Says to pay no dividends until further notice due to payout block to comply with Bundesrat Life Insurance Reform law.

Resolution Ltd announces disposal of subsidiaries

Friday, 11 Jul 2014 02:00am EDT

Resolution Ltd:Says the disposal of the entire share capital of its subsidiaries Lombard International Assurance S.A. and Insurance Development Holdings AG (jointly referred to as Lombard).Total consideration of up to 356 million Pounds (449 million Euros) based on an additional contingent element.It could increase or decrease the value of the vendor loan note by up to 39 million Pounds (50 million Euros ) based on certain criteria relating to Lombard's future assets under administration.Completion expected to occur in the second half of 2014.

Exercise of over-allotment option of NN Group IPO

Thursday, 10 Jul 2014 04:00am EDT

ING Groep NV:Over-allotment option of NN Group N.V. IPO fully exercised.11.6 mln additional shares sold (15 pct of base offer shares) at offer price of 20 euros per share.231 mln euros gross proceeds generated to ING.ING ownership in NN Group reduced to 68.1 pct from 71.4 pct.Total gross proceeds from NN Group IPO amount to 2.2 bln euros.

CNP Assurances SA signs long-term strategic partnership with Banco Santander, acquires 51 percent stake in subsidiaries

Thursday, 10 Jul 2014 02:45am EDT

CNP Assurances SA:Says it has entered into an exclusive long-term distribution agreement with Santander Consumer Finance (Banco Santander Group) and has agreed to acquire a 51 pct stake in Santander Consumer Finance's life and non-life insurance subsidiaries.The partnership includes all the life insurance products.Says it will cover 10 European countries: Germany, Poland, Italy, Spain, Austria, Portugal, Norway, Sweden, Denmark and Finland.

Liberty Holdings Ltd acquires remaining shares in Liberty Health

Wednesday, 9 Jul 2014 02:43am EDT

Liberty Holdings Ltd:Enters into agreement with the trustees for time being of NHA Trust in terms of which Liberty Holdings will acquire all of the remaining NHA Trust's shares in and claims against Liberty Health Holdings Proprietary Limited.Says for aggregate purchase consideration of about 134,000,000 Rand.Purchase Price comprises of 40,000,000 Rand for sale shares and 93,489,729 Rand for sale claims as at date of conclusion of the sale agreement.

NN Group prices 1 bln euros bond offering

Tuesday, 8 Jul 2014 11:02am EDT

NN Group NV:Prices 1 bln euros perpetual subordinated bond callable after 11.5 years and every quarter thereafter, subject to regulatory approval.Coupon fixed at 4.50 pct per annum for first 11.5 years and to be floating thereafter.Bond expected to be listed on Euronext Amsterdam.Proceeds to be used for general corporate purposes, including repayment of existing indebtedness.

New China Life Insurance announces 2013 dividend payment date

Monday, 7 Jul 2014 08:00pm EDT

New China Life Insurance Co Ltd:To pay cash dividend of 0.15 yuan per 10 shares (before tax) to shareholders for 2013 as a record of July 14.The company's shares will be traded ex-right and ex-dividend on July 15 and the dividend will be paid on July 15.

Standard & Poor’s assigns credit ratings at Zavarovalnica Triglav dd at A- with stable medium-term outlook

Monday, 7 Jul 2014 09:25am EDT

Zavarovalnica Triglav dd:On July 7, the Standard & Poor’s credit rating agency affirmed the Triglav Group’s existing long-term credit rating and financial strength credit rating at 'A-.Thereby the S&P once again affirmed the "A-" long-term credit rating and financial strength rating of the Company and its subsidiary Pozavarovalnica Triglav Re dd.The credit ratings of both companies, Zavarovalnica Triglav d.d. and Pozavarovalnica Triglav Re d.d., have a stable medium-term outlook.The credit ratings of the Triglav Group, i.e. Zavarovalnica Triglav d.d. and Pozavarovalnica Triglav Re dd reflects the persisting view of the S&P that the Triglav Group is capable of preserving its strong competitive position, capital adequacy and high profitability.

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