Manulife Financial has reported a net income of C$1.2bn, or C$0.62 diluted earnings per share, for the first quarter of 2012, compared to C$985m, or C$0.53 diluted earnings per share, for the same period in 2011. The total revenue for the ...
Tags: Manulife Financial, net income, diluted earnings, finance news
UK-based insurance company, Aviva is reportedly putting its South Korean and Sri Lankan businesses up for sale as part of its strategy to raise money to protect against its comparetively higher eurozone exposure. Reuters reported the ...
Tags: insurance, Aviva, insurance market, insurance business
Malaysia based CIMB Group is planning to dispose of 51% stake in CIMB Aviva Assurance, the insurance joint venture (JV) formed in collaboration with the UK based underwriter Aviva. Sources familiar with the matter were quoted by Bloomberg ...
Tags: Cimb, insurance joint venture, aforesaid stake, stake
Korea Life Insurance Co and KB Financial Group have been shortlisted by ING for its life underwriting businesses in Asia. Sources close to the matter have told that the sales process allows bidders to bid for only part of the business, ...
Tags: ING, Korea Life, KB Financial, Asian Life-insurance Unit