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China Lowers Insurance Firm's Caps in Stocks
Feb 2, 2017China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
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CIMB Group Is Seriously Exploring Options to Divest Certain Stake in Indonesian
Sep 16, 2013Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
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ING Inked an Agreement with Seoul-Based Private Equity Firm MBK Partners
Aug 27, 2013Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
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ING Has Received Offers for Its South Korean Life Insurance Business From a Korean Life
May 29, 2013Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
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L&G Is Planning to Purchase New Ireland Assurance's Existing Annuity Business
May 2, 2013Legal & General (L&G), the UK based diversified financial conglomerate, is planning to purchase New Ireland Assurance's existing annuity business as well as a fraction of its future business, in a deal valued at nearly 136m (£114m). ...
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ING Agreed to Dispose of Its 49% Stake in Korean Joint Venture
Apr 22, 2013Dutch financial conglomerate ING, has agreed to dispose of its 49% stake in Korean joint venture (JV), KB Life Insurance Company (KB Life), to venture partner KB Financial Group. A total consideration of KRW166.5bn (€115m) will be ...
Tags: ING, KB Life Insurance
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HSBC Gears up to Offload Its General Insurance Business in Macau as Part of Its Strategy
Apr 16, 2013London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
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Tongyang Life Insurance Bid for ING Groep Life Insurance Business in The Country
Mar 6, 2013South Korea’s Tongyang Life Insurance is planning to bid for ING Groep life insurance business in the country, which has been valued at approximately $2.1bn. Persons familiar with the matter were quoted by media sources as saying ...
Tags: Tongyang Life Insurance, ING Life, Service
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ING Agreed to Dispose of Its 36.5% % Stake in Brazilian Joint Venture SulaméRica
Mar 5, 2013Dutch financial conglomerate ING has agreed to dispose of its 36.5% % stake in Brazilian joint venture (JV) SulAmérica, to its partner Larragoiti Family, for an undisclosed sum. Without revealing further terms of the agreement, the ...
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ING Has Agreed to Dispose of Its 26% Stake in Indian Joint Venture
Jan 25, 2013Dutch financial conglomerate ING has agreed to dispose of its 26% stake in Indian joint venture (JV), ING Vysya Life Insurance Company, to its partner Exide Industries, for an undisclosed sum. As part of a previously disclosed divestment ...
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Prudential Financial Has Boosted by 182% to $2.2bn for The Second Quarter of 2012
Dec 3, 2012Prudential Financial, a diversified US financial conglomerate net income has boosted by 182% to $2.2bn for the second quarter of 2012, against a net income of $779m during the year ago quarter. For the latest quarter period, its net ...
Tags: Prudential Financial, net income, quarter 2, financial conglomerate
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ING Posted 17.8% Fall in Underlying Net Profit for The Second Quarter of 2012
Aug 9, 2012Dutch Financial conglomerate ING posted 17.8% fall in underlying net profit for the second quarter of 2012, which was €1.04bn, compared to €1.52bn during the same period last year. The diversified financial startup blamed ...
Tags: Financial conglomerate, ING, net profit