The Co-operative, one of the leading UK insurance providers, tried to sell its life assurance business, but did not succeed so far because the market response was not what the company hoped for.
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Posts Tagged insurance companies
The Co-operative Tries to Sell Life Insurance Business
Wednesday, October 27th, 2010Life cover but at a premium
Saturday, October 23rd, 2010Bargain life insurance can cost more than 20 per cent extra if it is bought through Nationwide, Britain’s biggest building society.
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Equitable Life compensation confirmed at £1.5bn
Thursday, October 21st, 2010Equitable Life policy holders will receive a total of £1.5 million in compensation, the Government has announced in its Comprehensive Spending Review.
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AIG to sell two Japanese units to US group
Monday, October 11th, 2010American International Group has agreed to sell two Japanese life assurance subsidiaries to Prudential Financial, the US insurance group, for $4.8bn.
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Life Insurer AXA Sold to Resolution Ltd
Friday, September 24th, 2010One of the leading life insurers in Great Britain, AXA, has been bought up by Resolution Ltd, life insurance consolidator.
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Life insurance payouts reach 98% at Bright Grey
Tuesday, September 7th, 2010Bright Grey has announced that it paid out 98 per cent of life insurance claims in the first six months of 2010.
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Direct Line insurance could be snapped up by Warren Buffett
Tuesday, August 31st, 2010Royal Bank of Scotland has begun vetting potential advisers over the sale of its Direct Line subsidiary, prompting speculation that Warren Buffett might add the insurance business to his investment empire.
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Co-Op considering sale of life insurance arm
Friday, August 27th, 2010The Co-Operative Financial Services (CFS) is considering selling off its life insurance arm following its merger with Britannia Building Society.
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Britain’s insurance industry poised for series of mergers and acquisitions
Thursday, August 19th, 2010The British insurance industry is in the grip of takeover fever.
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Aviva rejects £5bn RSA bid for general insurance arm
Saturday, August 14th, 2010Britain’s biggest insurer Aviva has rejected an opportunistic bid by rival RSA to buy out its general insurance business, which could have been worth as much as £5bn.
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