Insurance - Life / Health

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Axa SA completes acquisition of 51 pct of Colpatria’s insurance operations in Colombia

Tuesday, 1 Apr 2014 08:00pm EDT

Axa SA:Completes acquisition of 51 pct stake in composite insurance operations of Grupo Mercantil Colpatria for 248 million euros.Operations of joint venture will be integrated within Mediterranean & Latin American Region.

Old Mutual PLC completes Faulu Transaction

Tuesday, 1 Apr 2014 05:00am EDT

Old Mutual PLC:Completes transaction to acquire majority share in Faulu Microfinance Bank Limited, deposit-taking microfinance business in Kenya, has become unconditional.

Standard Life Plc to acquire Ignis Asset Management Limited from Phoenix Group Holdings

Wednesday, 26 Mar 2014 03:00am EDT

Standard Life Plc:Enters into an agreement with a subsidiary of Phoenix Group Holdings to acquire its asset management business, Ignis Asset Management Limited.Will pay 390 mln pounds for Ignis, including regulatory capital.The consideration will be settled in cash from Standard Life Group's existing internal resources.

Citizens Inc's subsidiary completes purchase of Magnolia Guaranty Life Insurance Co

Tuesday, 11 Mar 2014 04:37pm EDT

Citizens Inc:Says Security Plan Life Co, subsidiary, completed the purchase of Magnolia Guaranty Life Insurance Co for $5.23 mln.Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding.

Personal Group Holdings PLC announces acquisition of Lets Connect IT Solutions Limited

Monday, 10 Mar 2014 03:00am EDT

Personal Group Holdings PLC:Says has acquired Lets Connect IT Solutions Limited for a total consideration of up to 12 mln pounds.The consideration will be satisfied by a 6 mln pounds cash payment at completion, followed by an earn out over two years for the remainder of the consideration, dependent on performance.

MMI Holdings Ltd says finalizes Guardrisk acquisition

Monday, 3 Mar 2014 01:00am EST

MMI Holdings Ltd:Says the sale of Guardrisk to MMI Holdings, which was announced in Nov. 2013, has to date been approved by the Financial Services Board and the South African competition authorities and the transaction has thus been completed.Says the transaction comes into effect on March 3.Says the purchase price of 1.6 billion rand will be funded from MMI's capital buffer.

MMI Holdings Ltd's Metropolitan International acquires Kenyan insurer Cannon

Monday, 24 Feb 2014 05:00am EST

MMI Holdings Ltd:Says its Metropolitan International division has acquired a significant majority stake in Kenyan insurer Cannon Assurance Limited (Cannon).Says the shareholders of Cannon will in turn acquire a minority stake in Metropolitan Life Kenya.Says this transaction will enable a merger of the two companies with the consolidation of the life licences into one and a standalone short-term insurance licence and business.Financial terms of the transaction were not disclosed.

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