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Fubon Financial Holding unit buys land and building for T$1.3 bln

Monday, 2 Oct 2017 09:07am EDT

Oct 2(Reuters) - Fubon Financial Holding Co Ltd <2881.TW> ::* Says its unit buys land and building in Taipei City for T$1.3 billion on Sept. 29.

Italy's Cattolica files binding offer for bancassurance deal with Banco BPM

Wednesday, 27 Sep 2017 11:52am EDT

Sept 27 (Reuters) - Cattolica Assicurazioni says: :presents binding offer for bancassurance partnership with Banco BPM.offer is for the acquisition of a majority ownership in Popolare Vita and in Avipop Assicurazioni as well as for the subscription of an agreement for the distribution of Life and P&C Insurance products.

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%.​.

Sun Life Global Investments to acquire Excel Funds Management and Excel Investment Counsel

Thursday, 7 Sep 2017 05:04pm EDT

Sept 8 (Reuters) - Sun Life Financial Inc :Sun Life Global Investments to acquire Excel Funds Management Inc and Excel Investment Counsel Inc.Sun Life Financial Inc says ‍financial and other terms of transaction will not be disclosed​.

Oversea-Chinese Banking Corporation buys 685,400 shares in Great Eastern Holdings

Thursday, 17 Aug 2017 05:34am EDT

Aug 17 (Reuters) - Oversea-Chinese Banking Corporation ::Purchased 685,400 shares at S$24.90 per share in Great Eastern Holdings Limited for S$17.07 million in cash.

Generali agrees sale of business in Panama for $172 mln

Monday, 7 Aug 2017 12:28pm EDT

Aug 7 (Reuters) - Assicurazioni Generali says: :agrees sale of business in Panama for $172 million.will sell asset to ASSA Compania de Seguros, a leading insurance player in the region.

Standard Life notes Max Financial Services withdrawal of merger with HDFC Life

Monday, 31 Jul 2017 11:14am EDT

July 31 (Reuters) - Standard Life Plc :HDFC ANNOUNCED THAT, SINCE PARTIES UNABLE TO OBTAIN REGULATORY APPROVALS TO COMPLETE PROPOSED MERGER, SAID AGREEMENTS STAND TERMINATED."PARTIES WILL NOT BE PURSUING PROPOSED MERGER UNDER SAME".

Max Financial Services withdraws merger agreement with HDFC Standard Life Insurance

Monday, 31 Jul 2017 01:08am EDT

July 31 (Reuters) - Max Financial Services Ltd ::Amalgamation agreement between co, Max Life Insurance, Max India and HDFC Standard Life Insurance is not being extended further.Says proposed scheme and applications filed in this regard with stock exchanges should be kindly treated as withdrawn.

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