Legal & General Group PLC (LGEN.L)
13 Dec 2017
LONDON, Dec 7 Legal & General is on track for a record year in earnings and profits, the British life insurer said on Thursday, helped by strong performances in its retirement and funds businesses.
LONDON, Dec 7 Legal & General said on Thursday it is on track for a record year with strong growth in its core business driving profits higher.
LONDON Legal & General is to sell a closed savings business with 33 billion pounds in assets to Swiss Re for 650 million pounds ($872.2 million) to help fund areas of growth including annuities.
* L&G to reinvest in annuities, funds, general insurance (Adds detail from statements, analyst reaction, share price)
Dec 6 Britain's FTSE 100 index is seen opening 41 points lower at 7,286.6 on Wednesday, according to financial bookmakers, with futures down 0.45 percent ahead of the cash market open.
ZURICH Swiss Re has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) for 650 million pounds ($872 million), the Swiss group said on Wednesday.
LONDON, Dec 6 UK asset manager Legal & General Group Plc said on Wednesday it had agreed to sell its mature savings business to Swiss Re for 650 million pounds ($872.2 million).
ZURICH, Dec 6 Swiss Re has agreed to buy 1.1 million life insurance policies from Legal & General Group (L&G) for 650 million pounds ($872 million), the Swiss group said on Wednesday.
* LEGAL & GENERAL GRP - L&G HAS REACHED AGREEMENT TO SELL ITS MATURE SAVINGS BUSINESS TO REASSURE DIVISION OF SWISS RE LTD ("SWISS RE") FOR 650 MILLION POUNDS
Nov 30 Legal & General's general insurance business appointed Tim Grieveson to its leadership team as IT and change director.