Royal Bank of Canada is seeking a buyer for a bulk of its US life-insurance arm a decade after it acquired the unit as part of an ambitious strategy to sell financial services in the world’s largest economy.
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Posts Tagged insurance companies
RBC seeks to sell US life insurance arm
Friday, August 13th, 2010Taxpayer to foot the substantial bill for Prudential AIA bid
Tuesday, August 10th, 2010Prudential is expected to palm off part of the cost of its aborted £24bn bid for Asian rival AIA on to the UK taxpayer.
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Old Mutual sells US life insurance arm
Saturday, August 7th, 2010Anglo-south African financial conglomerate Old Mutual has completed the disposal of its US life insurance business in a move aimed at simplifying its sprawling financial empire.
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Insurers could be winners in an age of austerity
Friday, August 6th, 2010Suddenly, the life insurance sector has come to life. Legal & General and Aviva both generated more cash than expected in the first half of the year.
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Aviva to sell life insurance via Santander
Wednesday, August 4th, 2010Aviva, Britain’s second-biggest insurer, said the agreement with the Spanish bank gave it access to a 25m strong customer base.
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Cigna Worldwide Life Insurance Caught Up in Personal Data Scandal
Wednesday, July 28th, 2010According to local press reports, Hong Kong transit payment card operator Octopus has admitted selling the personal data of nearly two million customers to business partners, including Cigna Worldwide Life Insurance.
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PPI: Lloyds pulls the plug
Wednesday, July 28th, 2010Taxpayer-backed Lloyds Banking Group confirmed last night that it had stopped selling the cover alongside loans, credit cards and mortgages from last Friday.
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Fury as equitable Life victims finally win compensation – but only half of what they hoped for
Thursday, July 22nd, 2010Policyholders who lost money in the Equitable Life scandal were left furious today after the Government said they would only receive £500 million in compensation.
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Pick up in financial services activity and life insurance
Sunday, July 18th, 2010Activity in UK financial services grew in the last three months at the fastest rate since September 2007, according to the latest CBI/PricewaterhouseCoopers (PwC) Financial Services Survey.
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PruProtect launches over 50s life insurance for Saga
Friday, July 9th, 2010PruProtect has developed an over 50s life insurance plan for Saga which is offered on a guaranteed acceptance basis with no health questions or medical examinations.
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