Tag: stake

ING sells stake in India’s Vysya Life Insurance

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ING sells stake in India’s Vysya Life InsuranceNews from Reuters: AMSTERDAM | Wed Jan 23, 2013 6:17am EST AMSTERDAM (Reuters) – Dutch banking and insurance group ING (ING.AS) said on Wednesday it has agreed to sell its 26 percent stake in India’s Vysya Life Insurance to its joint venture partner Exide Industries (EXID.NS). ING said [...]

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Sumitomo Life to buy HSBC’s stake in Vietnam insurer

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Sumitomo Life to buy HSBC’s stake in Vietnam insurerNews from Reuters: The head office of Japanese life insurer Sumitomo Life Insurance Company is seen in Tokyo August 3, 2009. The sign reads ”Sumitomo Life”. Credit: Reuters/Stringer …………… continues on Reuters … Read the full article . . 3 steps to selling Gen Y on life [...]

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Taiwan’s China Life: China JV With CCB Sells 14.27% Stake to …

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Taiwan’s China Life: China JV With CCB Sells 14.27% Stake to …News from Fox Business: Taiwan’s China Life Insurance Co. (2823.TW) said Thursday Pacific Antai Life Insurance Co., its Chinese life-insurance joint venture with China Construction Bank Corp. (0939.HK), has sold a 14.27% stake to the National Council for Social Security Fund of China. China [...]

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Carlyle among bidders for $1.8 billion Kyobo Life stake: sources

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Carlyle among bidders for $ 1.8 billion Kyobo Life stake: sourcesNews from Reuters: A decoration is seen on the headquarters of Kyobo Life Insurance in central Seoul March 3, 2008. Credit: Reuters/Lee Jae-Won By Miyoung Kim and Stephen Aldred SEOUL/HONG KONG – | Fri Apr 20, 2012 8:12am EDT SEOUL/HONG KONG – (Reuters) – Carlyle [...]

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India’s Life Insurance to pick 5 pct stake in Dena Bank

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India’s Life Insurance to pick 5 pct stake in Dena BankNews from Reuters: Mon Feb 6, 2012 7:17am EST * Bank to raise up to $ 30 mln by allotting shares to LIC * Shares jump 8.7 pct in Mumbai trade * Dena Bank sought 5 bln rupees from govt in the next 3-4 years [...]

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Japan’s Nippon Life Insurance to acquire 26% stake in Reliance Capital Asset …

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Japan’s Nippon Life Insurance to acquire 26% stake in Reliance Capital Asset …News from Economic Times: In the largest foreign direct investment in the Indian mutual funds space, Japan’s Nippon Life Insurance Co will acquire a 26 per cent stake in Reliance Capital Asset Management for Rs 1,450 crore (USD 290 million). Nippon Life Insurance [...]

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Prudential, Korea Life to bid for Tong Yang Life stake

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Prudential, Korea Life to bid for Tong Yang Life stakeNews from Reuters: SEOUL | Wed Jan 18, 2012 7:43am EST SEOUL (Reuters) – Prudential Financial Inc (PRU.N), the No.2 U.S. life insurer, and Korea Life Insurance (088350.KS) plan to submit separate initial bids for a controlling stake in Tong Yang Life Insurance (082640.KS), sources familiar [...]

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Irda may let promoters offload their stake early

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Irda may let promoters offload their stake early News from Livemint: Mumbai/New Delhi: India’s Insurance Regulatory and Development Authority (Irda) will soon allow promoters of life insurance firms, holding at least 26% stake, to sell strategic stake after five years of obtaining a licence, instead of the present holding period of 10 years. The authority [...]

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Robbers stake out funerals

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Robbers stake out funerals News from Philadelphia Inquirer: Posted on Fri, Jul. 1, 2011 Dear Harry: We made a terrible mistake when my father died. At the time of the funeral, we left his home unattended. Robbers got into the place and took all kinds of valuables. They also took several life-insurance policies that named [...]

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