A Larragoiti representative, Patrick Larragoiti reports that SulAmerica has no plan of listing its stock in the Novo Mercado Chapter.
Tags: Insurance
ING complies with bailout provisions
ING is now divesting assets and undertaking cost cutting measures in order to comply with bailout requirements.
Highmark Finalizes West Penn Allegheny Buy Out
Highmark finalizes West Penn Allegheny Buy Out at US$0.875 to the dollar. Highmark Inc, one of America's largest health insurers, had announced the completion of a bondholder buyout in the amount of US$604.
AXA Purchases Tian Ping
AXA purchases Tian Ping Insurance, expanding its reach in the Asian markets. AXA had announced its purchase of half of the shareholdings in Tian Ping, the Chinese property and casualty insurance firm.
Cathedral Capital Up for Sale
Cathedral Capital offered for sale by Lloyd's of London. According to reports, Lloyd's of London insurer Cathedral Capital is up on the auction block.
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Allianz has been in the focus of its own growth in the German market. The business unit of Allianz in Germany has been considering merger opportunities in the Germany market as it focuses on increasing its business presence, according to Markus Riess, unit head.
The investment arm of Tower Ltd. was purchased by fund manager Fisher Funds for NZ$79 million. New Zealand's insurance firm Tower Ltd. said its investment arm was sold to fund manager Fisher Funds in a NZ$79 million deal as it nails down its business focus, the company announced.
