Life & Health Insurance

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UTG Inc acquires viant solutions to boost services for small businesses

Thursday, 12 Jun 2014 03:14pm EDT

UTG Inc:Acquires Viant Solutions.Acquisition enhances UTG's existing small business services in areas including help desk support, security and implementation of cloud-based applications such as Microsoft Office 365 and Salesforce.Terms for the acquisition, effective June 01, were not disclosed.

Assicurazioni Generali SpA completes disposal of Fata Danni to Societa Cattolica di Assicurazione Sc

Wednesday, 11 Jun 2014 05:54am EDT

Assicurazioni Generali SpA:Says that the 100 pct disposal of Fata Assicurazioni Danni to Societa Cattolica di Assicurazione Sc was finalized on June 11, in line with the agreement of the Nov. 20, 2013.Says the price adjustment procedure led to a transaction worth a total of 194.7 million euros before taxes, thus allowing the Generali Group to further strengthen its cash and capital position and to improve the Solvency I ratio by 0.7 pct.

Dai-ichi Life Insurance Co Ltd to acquire Protective Life Corp

Tuesday, 3 Jun 2014 08:40pm EDT

Dai-ichi Life Insurance Co Ltd and Protective Life Corp:Enter into definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corp. for $70.00 per share in cash, or a total transaction value of about $5.7 bln.Transaction, which has been approved by both companies' boards of directors, is expected to close by end of 2014 or early 2015.Dai-ichi Life intends to fund transaction through cash in hand and supplementary sources if necessary.Goldman Sachs is acting as financial advisor to Dai-ichi Life and Baker & McKenzie and Willkie, Farr & Gallagher are acting as legal advisors.Morgan Stanley is serving as financial advisor to Protective and Debevoise & Plimpton LLP is serving as legal advisor.

Dai-ichi Life Insurance Co Ltd to acquire Protective Life Corp

Tuesday, 3 Jun 2014 08:40pm EDT

Dai-ichi Life Insurance Co Ltd and Protective Life Corp:Enter into definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corp. for $70.00 per share in cash, or a total transaction value of about $5.7 bln.Transaction, which has been approved by both companies' boards of directors, is expected to close by end of 2014 or early 2015.Dai-ichi Life intends to fund transaction through cash in hand and supplementary sources if necessary.Goldman Sachs is acting as financial advisor to Dai-ichi Life and Baker & McKenzie and Willkie, Farr & Gallagher are acting as legal advisors.Morgan Stanley is serving as financial advisor to Protective and Debevoise & Plimpton LLP is serving as legal advisor.

Takeover bid by Challenger Life in relation to Challenger Diversified Property Group – compulsory acquisition

Wednesday, 28 May 2014 02:06am EDT

Challenger Life:Has offered under its off-market takeover bid to acquire all units in Challenger Diversified Property Group which it does not own.Offer period is scheduled to close and will not be extended.Had a relevant interest in 93.49pct of Challenger Diversified Property Group units.

TrustCo Group Holdings Ltd announces acquisition of Fides Bank Namibia Limited

Thursday, 22 May 2014 04:46am EDT

TrustCo Group Holdings Ltd:Refers to the announcement made earlier, where in Trustco had entered into negotiations for the acquisition of 100 pct of the issued share capital of a Namibian.Says it has concluded a sale of shares agreement with the shareholders of FIDES Bank Namibia Limited on May 21 in terms of which Trustco will acquire the entire shareholding in FIDES.

Baloise Holding AG completes acquisition in Luxembourg

Friday, 16 May 2014 11:00am EDT

Baloise Holding AG:Completes acquisition of Luxembourg business of Belgian insurance company P&V Assurances, thereby significantly strengthening its position in attractive Luxembourg market.On Dec. 17, 2013, Baloise announced it was purchasing Luxembourg business of the Belgian insurance company P&V Assurances.

Siam Commercial Bank announces tender offer to acquire remaining shares of SCB Life Assurance

Wednesday, 14 May 2014 09:42pm EDT

Siam Commercial Bank PCL:To make a tender offer to acquire the remaining 5.34 pct or 3,549,967 shares which it did not already own in SCB Life Assurance PCL.At 1,117.25 baht per share.

Assicurazioni Generali SpA says Generali Deutschland Holding minorities squeeze-out concluded

Wednesday, 7 May 2014 01:14pm EDT

Assicurazioni Generali SpA:Says that the minorities squeeze-out of Generali Deutschland Holding AG (GDH) approved by the extraordinary general meeting of GDH on Dec. 4, 2013 was registered on May 7 with the Commercial Register in Germany.By the registration of the shareholders’ resolution all the shares held by the minority shareholders in GDH were transferred to Assicurazioni Generali.The cash compensation granted to the minority shareholders is equal to 107.77 euros per share.The conclusion of the squeeze-out process will be followed shortly by the delisting of the Generali Deutschland Holding shares from the stock market.The acquisition process of the minorities of Generali’s German subsidiary is thus completed, and it is consistent with the aim of the Group to have the full control of all strategic business units.Thanks to this transaction, Generali will obtain operating synergies and tax efficiencies.

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