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insurance joint venture
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11.3% Direct Stake Is Divested by ING in Sulamerica to Swiss Re
Nov 20, 2013Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
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MetLife Received Regulatory Approval to Set up a Representative Office
Oct 21, 2013US-based life insurer MetLife has received regulatory approval from Myanmar's Directorate of Investment and Company Administration to set up a representative office in the country. The company will now concentrate on completing the ...
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India-Based Jammu & Kashmir Bank Is Planning to Offload Entire or a Fraction
Oct 11, 2013India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
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BIDV Have Reached an Agreement to Form a Life Insurance Joint Venture (JV) in Vietnam.
Sep 29, 2013US-based insurer MetLife, Bank for Investment & Development of Vietnam (BIDV), and Bank for Investment and Development of Vietnam Insurance Corporation (BIC), have reached an agreement to form a life insurance joint venture (JV) in Vietnam. ...
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Sinar Mas Group and CT Corp Are Planning to Divest Their Share in Insurance Company
Sep 27, 2013Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
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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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Aviva Is Reportedly Considering Divesting Its 26% Shareholding in Its Indian Insurance JV
Aug 12, 2013UK-based diversified insurance company Aviva is reportedly considering divesting its 26% shareholding in its Indian life insurance joint venture (JV) Aviva India, which represents its exit from the business in the country market. The ...
Tags: Aviva, Insurance JV
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MetLife, Manulife Are Understood to Be The Potential Bidders to Acquire a Major Stake
May 10, 2013Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
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HSBC Entered Into an Agreement to Dispose of 50% Stake in Hana HSBC Life Insurance Company
May 2, 2013HSBC Insurance has entered into an agreement to dispose of 50% stake in Hana HSBC Life Insurance Company, to joint venture partner Hana Financial Group. Financial terms of the transaction have not been disclosed, however it is expected ...
Tags: HSBC Insurance, Hana Financial
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AXA Agreed to Acquire 50% Shareholding in Chinese Property & Casualty Insurer Tian Ping
Apr 26, 2013General insurance provider AXA has agreed to acquire 50% shareholding in Chinese property & casualty insurer Tian Ping Auto Insurance Company (Tian Ping), for a total consideration of €485m. As part of Ambition AXA strategy, the deal ...
Tags: insurance provider, insurance
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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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L&T May Enter Into a Strategic Alliance with Zurich-Headquartered Swiss Re
Dec 6, 2012Larsen & Toubro (L&T) may enter into a strategic alliance with Zurich-headquartered Swiss Re to set up a health insurance joint venture (JV) in India. Sources familiar with the matter told Moneycontrol.com: "Swiss Re will pick up 26% ...
Tags: L&T, health insurance, Swiss Re
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Aviva Has Shortlisted Prudential and Manulife From The Four Potential Buyers
Dec 4, 2012Aviva has shortlisted Prudential and Manulife from the four potential buyers, which were selected from a second stage of bidding for Aviva's insurance business in Malaysia. The Malaysian underwriting business of Aviva is expected to fetch ...
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PVI Holdings Entered Into an Agreement to Establish a Joint Venture
Dec 4, 2012PVI Holdings and Sun Life Assurance Company of Canada, has entered into an agreement to establish a joint venture, called PVI Sun Life Insurance Company Limited (PVI Sun Life) to offer innovative life insurance products to customers in ...
Tags: life insurance, joint venture, PVI Sun Life Insurance, insurance product
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Aviva and CIMB Have Requested Bidders to Submit Binding Bids to Acquire Their Malaysian
Dec 3, 2012The UK underwriter Aviva and CIMB have requested bidders to submit binding bids to acquire their Malaysian insurance joint venture by 29 October. Three underwriters including Prudential, Manulife Financial and Sun Life Financial are the ...
Tags: Aviva, CIMB, insurance, insurance product