Edition:
United States

Life & Health Insurance

Page 1

iA Financial acquires Dealers Assurance Co, Southwest Reinsure​

Thursday, 21 Sep 2017 11:43am EDT

Sept 21 (Reuters) - Industrial Alliance Insurance And Financial Services Inc ::iA financial group expands its car dealer business to the us.Says deal for ‍US$135 million​.Says deal ‍is expected to be modestly accretive to earnings in 2018, to contribute $0.05 per share in 2019​.Says acquisition will be financed from cash on hand, reduce co's solvency ratio by about 8 percentage points.Says ‍signed agreement to buy shares of privately-owned, us-based dealers assurance company,southwest reinsure​.

AIA Group ‍to acquire Commonwealth Bank of Australia's life insurance unit

Wednesday, 20 Sep 2017 06:08pm EDT

Sept 21 (Reuters) - AIA Group Ltd <1299.HK>::‍To acquire Commonwealth Bank of Australia's life insurance businesses in Australia and New Zealand​ for A$3.80 billion.Transaction expected to be accretive to co's earnings in the first year following completion.

ASR Nederland ‍acquires Generali's Dutch operations​

Wednesday, 13 Sep 2017 01:13am EDT

Sept 13 (Reuters) - Asr Nederland Nv :‍ACQUIRES GENERALI'S DUTCH OPERATIONS​.‍A.S.R. EXPECTS ACQUISITION TO RESULT IN EFFICIENCIES OF SCALE AND CAPITAL GAINS.​.ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION.‍ACQUISITION PRICE AMOUNTS TO EUR 143 MILLION; A.S.R. WILL PAY ACQUISITION PRICE IN CASH​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO.​.‍A.S.R. EXPECTS TOTAL CAPITAL COMMITMENT (INCLUDING ACQUISITION PRICE) TO AMOUNT TO APPROXIMATELY EUR 200​.TO COMPLETE ACQUISITION IN Q1 OF 2018.‍CONTRIBUTION OF GENERALI NEDERLAND TO NET OPERATING RESULT WILL AMOUNT TO APPROXIMATELY EUR 30 MILLION​.‍A.S.R.'S CAPITAL POSITION IS STRONG ENOUGH TO ABSORB ACQUISITION OF GENERALI NEDERLAND AND TO MAINTAIN A ROBUST SOLVENCY RATIO​.‍A.S.R. AND GENERALI NEDERLAND EXPECT TO COMPLETE ACQUISITION IN Q1 OF 2018​.‍OPERATIONS OF GENERALI NEDERLAND WILL BE TRANSFERRED TO A.S.R. OVER COURSE OF 2018​.‍GENERALI NEDERLAND'S INSURANCE POLICIES WILL BE TRANSFERRED TO A.S.R. LABELS AS SOON AS POSSIBLE​.‍OPERATIONS WILL BE FULLY INTEGRATED INTO A.S.R. IN A GRADUAL PROCESS WHICH IS EXPECTED TO BE COMPLETED BY 2020 AT LATEST​.‍EXPECTED RETURN ON INVESTMENT ON THIS TRANSACTION WILL BE >12%.​.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary