Life & Health Insurance

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Binckbank NV sells its interest in Befrank NV to Delta Lloyd NV

Monday, 21 Jul 2014 01:39am EDT

Binckbank NV:Agreed to sell on July 18 its interest in Befrank NV to Delta Lloyd NV.Says for the acquisition of the 50 percent interest in Befrank NV, Delta LLoyd pays 19.5 million euros.

Delta Lloyd NV acquires all the shares of BinckBank NV in Befrank NV

Monday, 21 Jul 2014 01:15am EDT

Delta Lloyd NV:Announces that it has reached an agreement with BinckBank NV on the acquisition of all the shares that BinckBank NV holds in BeFrank NV.Says the price amounts to 19.5 million euros.

Visteon Corp agrees to purchase group annuity contract covering about one-third of U.S. pension liability from Prudential Financial

Wednesday, 16 Jul 2014 08:44am EDT

Visteon Corp:Says that it has entered into an agreement to transfer certain U.S. pension assets to Prudential Insurance company of America, a subsidiary of Prudential Financial Inc, to settle about $350 mln of Visteon's $1.1 billion in outstanding U.S. pension obligations.Visteon Pension Plan will purchase a group annuity contract from Prudential, which will then assume the obligation to make future annuity payments to certain Visteon hourly retirees.Towers Watson acted as the company's consultant for this transaction.Fiduciary Counselors Inc. served as an independent fiduciary in the selection process.

Health Insurance Innovations Inc announces acquisition of HealthPocket Inc

Monday, 14 Jul 2014 04:39pm EDT

Health Insurance Innovations Inc:Announces that it completed the acquisition of privately-held, Silicon Valley based HealthPocket, Inc. for about $32 million in cash and stock.

Immobel together with Besix Red and CLI sell company owning Galerie Kons project to Axa Belgium

Monday, 14 Jul 2014 11:40am EDT

Immobel SA:Immobel sell together with Besix Red and CLI company owning Galerie Kons project in Luxembourg to AXA Belgium.Project comprises 20,500 square meters above ground, including about 14,600 square meters of offices, 2,400 square meters of retail space and 3,500 square meters of housing.10,000 square meters offices pre-let to ING through long-term lease.1,800 square meters retail space pre-leased to current tenant Primavera.Transfer of project to AXA Belgium represents total investment volume in order of 150 mln euros.Transfer subject to delivery and acceptance of building scheduled for H2 2016.

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.

Old Mutual plc announces acquisition of Intrinsic complete

Tuesday, 1 Jul 2014 05:25am EDT

Old Mutual plc:Acquisition of Intrinsic Financial Services, one of networks of financial advisers in UK, is complete.Acquisition was announced on Feb. 28, 2014 and is part of Old Mutual Wealth's strategy of building an integrated customer proposition comprising financial advice, asset management and tax efficient products.

Standard Life plc's subsidiary completes acquisition

Tuesday, 1 Jul 2014 02:00am EDT

Standard Life plc:Says Standard Life plc confirms that Standard Life Investments (Holdings) Limited has completed the acquisition of Ignis Asset Management Limited from subsidiary of Phoenix Group Holdings for 390 mln pounds.This follows Financial Conduct Authority consent to the proposed change in control.

MMI Holdings Ltd acquires CareCross Health Group

Wednesday, 18 Jun 2014 05:00am EDT

MMI Holdings Ltd:Acquires CareCross Health Group, including majority share in Occupational Care South Africa (OCSA).

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