Athene Annuity & Life Assurance Company Athene Annuity and Life Company Athene Annuity & Life Assurance Company of New York Athene Life Re Ltd.
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Fitch has affirmed the following ratings with a Negative Outlook: American Family Life Assurance Co. of Columbus American Family Life Assurance Co. of New York Aflac Japan --IFS at 'A+'.
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SCB Life Assurance is among the top insurers in Thailand.
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Life assurance will also retain its tax advantages for estate planning.
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Coverage is underwritten by American Family Life Assurance Company of Columbus.
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Phoenix Group specialises in running life assurance funds closed to new customers.
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He landed JCB, the Canada Life Assurance Company and Bombardier Business Aircraft.
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AXA said in May that it would sell the business to Phoenix, Britain's largest owner of life assurance funds closed to new customers, completing a well-flagged exit from a mature life assurance market to focus on faster-growing emerging economies.
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Great-West Life Assurance Company --Insurer Financial Strength (IFS) 'AA'; --Long-term IDR 'AA-'.
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Great Eastern Life Assurance Malaysia Bhd is the market leader in Malaysia's insurance sector.
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Canada Life Assurance Company --IFS 'AA'; --Long-term IDR 'AA-'; --6.4% subordinated debentures due Dec.
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In New York, coverage is underwritten by American Family Life Assurance Company of New York.
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Fitch simultaneously affirmed Old Mutual Wealth Life Assurance Company Limited's (OMWL) Insurer Financial Strength Rating (IFS) at 'A'.
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Phoenix said it expected to complete its acquisition of Standard Life Assurance at the end of this month.
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Sun Life Assurance Co. of Canada --IFS ratings 'AA-'; --Long-Term IDR 'A+'; --6.30% subordinated notes due 2028 'A'.
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AXA's Sun Life, which sells life assurance to the over 50s, is the largest of the businesses Phoenix is buying.
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SCB Life is ranked fourth in Thailand's life insurance market, with Muang Thai Life Assurance Public Co the market leader.
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In France, withdrawals after eight years from a life assurance contract are usually taxed at 23% on their investment return component.
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Prudential PLC, AIA Group> and Manulife Financial Corp are among insurers weighing a bid for SCB Life Assurance, the people said.
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Bannister has steered the FTSE 100 company through a number of acquisitions, including the buyout of Standard Life Assurance last year.
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Prudential PLC, AIA Group > and Manulife Financial Corp are among insurers weighing a bid for SCB Life Assurance, the people said.
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SCB Life is ranked fourth in Thailand's life insurance market, with Muang Thai Life Assurance Public Co as the market leader.
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A successful stake sale in SCB Life Assurance Public Company Limited would make it one of Southeast Asia's biggest insurance transactions ever.
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Phoenix specialises in running life assurance funds closed to new customers and said in June it was entering the bulk annuity market.
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We want to give a you-bet-your-life assurance that the phone actually has its radios off when it says it does.
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The offering attracted five cornerstone investors - Permodalan Nasional, Eastspring Investments, Great Eastern Life Assurance Malaysia, Maybank Asset Management and Maybank Islamic Asset Management.
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The business consisted of Old Mutual Wealth Life Assurance Limited and its subsidiary Old Mutual Wealth Pensions Trustees Limited and includes about 300 employees.
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Muang Thai Life Assurance Company Limited (of which KBank holds a 10045883% economic interest) owns 10% of the shares in Fitch Ratings (Thailand) Limited.
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As long as the wealthy possess considerable resources and can invest their surplus wealth in "life assurance," nuclear war will never impact everyone equally.
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The offering had attracted five cornerstone investors - Permodalan Nasional, Eastspring Investments, Great Eastern Life Assurance Malaysia, Maybank Asset Management and Maybank Islamic Asset Management.
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Old Mutual Life Assurance Company and MMI Group were lowered to Baa2 from Baa1 while Guardrisk and Standard Insurance dropped to Baa3 from Baa2.
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The company, which operates in the UK, Gibraltar, Jersey, Malta and Spain, provides international pensions, life assurance solutions, and trust and company management services.
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Muang Thai Life Assurance Company Limited (of which KBank holds a 38.3% economic interest) owns 10% of the shares in Fitch Ratings (Thailand) Limited.
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Disclosure: Muang Thai Life Assurance Public Company Limited (in which KBANK holds a 0003% economic interest) owns 10% of the shares in Fitch Ratings (Thailand) Ltd.
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"We have experienced increased net flows across all our businesses with the exception of Quilter International... and Quilter Life Assurance," said Quilter Chief Executive Paul Feeney.
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It is the second Thai life insurer to operate in Cambodia after bigger rival Muang Thai Life Assurance, a unit of Kasikornbank, began operations in April.
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Disclosure: Muang Thai Life Assurance Public Company Limited (in which KBANK holds a 38.3% economic interest) owns 10% of the shares in Fitch Ratings (Thailand) Ltd.
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Separately, a source told Reuters that Deutsche Bank is nearing a deal to sell its British insurance business Abbey Life Assurance Co to Phoenix Group Holdings.
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The business Reassure is buying consists of Old Mutual Wealth Life Assurance Limited and its subsidiary Old Mutual Wealth Pensions Trustees Limited and includes about 300 employees.
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The deal would create an enlarged group with 240 billion pounds of legacy assets and 10.4 million policyholders, Britain's largest owner of closed life assurance funds said.
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Woody did his best to pitch his character-recognition technology to business clients, including the Equitable Life Assurance Society and McCall's magazine, but never landed a contract.
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Old Mutual Wealth Life Assurance Company Limited We expect that the OMW business unit will operate as a standalone UK/European insurance business under a new holding company.
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Western and Southern Life Insurance Company; Western-Southern Life Assurance Company; Columbus Life Insurance Company; Integrity Life Insurance Company; National Integrity Life Insurance Company; Lafayette Life Insurance Company.
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The favourable tax treatment of withdrawals after eight years is set to end for contracts over EUR150,103, which may deter some customers from starting large life assurance contracts.
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However, customers' confidence in the stability of the favourable tax framework for life assurance may be damaged by the proposals, even though they only affect contracts over EUR150,000.
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Phoenix Group, Europe's largest owner of life assurance funds closed to new customers, gained 2.5 percent on the mid-cap index after it reported higher full-year profit.
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Dah Sing is exploring the sale of Dah Sing Life Assurance Company Limited, as well as the life insurance business of the group's banking subsidiary, the companies said.
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Old Mutual Life Assurance Company South Africa (OMLACSA), OMEM's main operating entity, is strongly capitalised and, for participating business, has the ability to share potential investment losses with policyholders.
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In 2018, SCB Life and FWD were ranked fifth and eighth, respectively, in terms of market share of total premiums in Thailand, according to Thai Life Assurance Association data.
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Its gross premiums written rose moderately at about 10% (annualised) by end-3Q16, higher than an industry's growth of 7% in 2016 as forecasted by Thai Life Assurance Association.
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The Thai Life Assurance Association said this month that total premium income in the country grew 5.4 percent from January to November 2016, to 508 billion baht ($14.4 billion).
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Brown will overseeing the investment operations of Sun Life Assurance Co of Canada and its general account, which had invested assets of about $135 billion as at Sept. 30.
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Earlier this month, Permodalan Nasional, Eastspring Investments, Great Eastern Life Assurance Malaysia, Maybank Asset Management and Maybank Islamic Asset Management had signed on as cornerstone investors for the IPO.
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Phoenix, Britain's largest owner of life assurance funds closed to new customers, finalised the 470 million pound deal with the Trustees of the Marks and Spencer Pension Scheme in May.
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Bangkok Life, part of Bangkok Bank Pcl, Thailand's largest lender, was ranked number six in Thai life assurance market with a share of 7.55 percent in the second quarter of 2016.
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Britain's Legal & General Group PLC and Swiss Re AG are among firms said to be weighing bids for Deutsche Bank AG's Abbey Life Assurance Co, sources familiar with the matter said.
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SCB and FWD were in talks two years ago about a potential $3 billion sale of SCB's life insurance unit, SCB Life Assurance, but the talks broke off, Reuters had reported.
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For more news, click on It confirmed it wants to float its $4.5 billion UK life assurance business ReAssure, and expects to complete a listing on the London Stock Exchange in July.
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ZURICH (Reuters) - UK life assurance business ReAssure will be valued at up to 21 billion pounds ($20.7885 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re (SRENH.
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Phoenix is the largest consolidator of closed life assurance funds in the UK with total assets of GBP60.6bn (excluding reinsurance assets) at end-2015 and gross written premiums of GBP13m in 2015.
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SCB and FWD were in talks two years ago about a potential $3 billion sale of SCB's life insurance unit, SCB Life Assurance, but the talks failed on valuation disagreements, Reuters had reported.
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An Old Mutual spokeswoman did not respond to Reuters requests for immediate comment on how the relationship between NMT Capital and Old Mutual Life Assurance Company, the subsidiary, was related to Moyo's suspension.
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Friends Provident provides life assurance and investment products to global expatriate and affluent domestic customers in Hong Kong, Singapore, United Arab Emirates and other selected markets, according to information available on its website.
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Tontines in their purest form had already been banned in Britain under the Life Assurance Act of 1774, primarily because of the perverse incentives inherent in a product that offers benefits when others die.
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The insurer has set up a subsidiary in Cambodia, Bangkok Life Assurance (Cambodia) Plc, with a 52 percent stake and is also looking to expand its business in other Southeast Asian countries, Komkai said.
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ZURICH, June 27 (Reuters) - Swiss Re has set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure, the Swiss company said on Thursday.
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The group said its banking, wealth management and insurance operations delivered a strong year-on-year performance, driven by growth in net interest income, fees and commissions, net trading income and profit from life assurance.
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ZURICH, Jan 8 (Reuters) - Zurich Insurance is selling its Singapore life assurance business, with policies providing $4.5 billion of coverage, to Singapore Life as part of the Swiss group's overhaul under Chief Executive Mario Greco.
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Indicated 21.1 percent higher Britain's Legal & General Group PLC and Swiss Re AG are among firms said to be weighing bids for Deutsche Bank AG's Abbey Life Assurance Co, sources familiar with the matter said.
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An Old Mutual spokeswoman did not respond to Reuters requests for immediate comment on whether the relationship between NMT Capital and Old Mutual Life Assurance Company, the subsidiary, was related to the dispute with Moyo.
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ZURICH, June 14 (Reuters) - Swiss Re confirmed it wants to float its $4.5 billion UK life assurance business ReAssure, saying on Friday it expected to complete a listing on the London Stock Exchange in July.
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Prudential saw opportunities from the rapidly growing middle class in Asia, retirement needs of the baby boomers in the United States and the life assurance and savings markets in UK and Europe, Chief Executive Mike Wells said.
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RATING SENSITIVITIES The notes' rating is subject to the same sensitivities that may affect Phoenix's Long-Term IDR (for more details, see 'Fitch Affirms Phoenix Life & Phoenix Life Assurance; Outlook Positive' dated 13 September 2016 at www.fitchratings.com).
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SCB Life and FWD are ranked fifth and eighth, respectively, or 14% combined in terms of market share of total premiums in Thailand, according to data from Thai Life Assurance Association for the first quarter of 2019.
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The firm, wholly owned by South Korea's Lotte Chemical Corp , at its IPO prospectus launch said the other backers were Great Eastern Life Assurance Malaysia Bhd, Maybank Asset Management Sdn Bhd and Maybank Islamic Asset Management Sdn Bhd.
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Total life insurance premium income in the country is forecast to grow by 9 percent to 585.7 billion baht ($16.40 billion) in 2016 after rising by 6.7 per cent last year, the Thai Life Assurance Association has said.
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LONDON, Oct 24 (Reuters) - British wealth manager Quilter on Wednesday posted a third quarter net client cash flow of 1.1 billion pounds ($1.43 billion), excluding Quilter Life Assurance, compared with 1.9 billion in the third quarter of 2017.
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The smiley symbol itself, of course, goes far further back—all the way to 1963, when graphic designer Harvey Ross Ball created the symbol for the State Mutual Life Assurance Company (now Allmerica Financial Corporation) in Worcester, Massachusetts.
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ZURICH, July 11 (Reuters) - Reinsurance group Swiss Re has suspended plans for an initial public offering of UK life assurance company ReAssure, which was set to start trading in London on Thursday, citing weak demand from institutional investors.
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Here are some of the main factors that may affect Swiss stocks: Swiss Re said it had set a price range of 2.80 to 3.30 pounds for shares in the flotation of its UK life assurance business ReAssure.
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BANGKOK, Jan 10 (Reuters) - Siam Commercial Bank Pcl , Thailand's second largest bank by assets, and Prudential Life Assurance (Thailand), a unit of UK-based Prudential Plc, have signed a bancassurance partnership deal aimed at the lender's wealthy clients.
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The full-year financial statements for Old Mutual Life Assurance Company, the Old Mutual subsidiary, said the total impairment on preference share capital held in NMT Capital and NMT Group amounted to 97 million rand in December 2018.
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The tax treatment of life assurance contracts below EUR150,000 (the vast majority of the market) will not be affected by the proposals; the tax rates of 50.5%, 30.5% and 23% for withdrawals after eight years will stay in place.
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The large non-real estate funds sector will be unaffected by the changes and the finance ministry said the tax will not apply to certain other categories such as life assurance companies, pension funds and other collective investment undertakings.
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Deutsche Bank's sale of its British insurer Abbey Life Assurance Co is facing delays as bidders struggle to decide on a valuation due to an investigation by Britain's financial watchdog into the firm, sources familiar with the matter said.
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The full-year financial statements for Old Mutual Life Assurance Company, the subsidiary that invested in NMT Capital, said the total impairment on preference share capital held in NMT Capital and NMT Group amounted to 97 million rand in December 2018.
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BANGKOK, Sept 22 (Reuters) - Thailand's Bangkok Life Assurance Pcl aims to start operations in Cambodia next year to tap strong demand in its fast-growing Southeast Asian neighbour after receiving a licence earlier this year, an executive said on Thursday.
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He is a son of the late Margaret E. Murray and the late Thomas F. Murray, who lived in Crestwood, N.Y. The groom's father was the chief investment officer of the Equitable Life Assurance Society of the United States in Manhattan.
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"If Mr. Razon is going to be the middle man for both parties, and if the relationship of Razon with government is good, it is a good signal," said Alan Joseph Amador, fund manager at The Insular Life Assurance Co in Manila.
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Friends First Life Assurance Company, which has over 250,000 customers and a market share of 6 percent, is currently owned by Dutch insurer Achmea Holding NV and has operated in Ireland for over 180 years, focusing on life protection, pension and investment products.
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BANGKOK, July 1 (Reuters) - Thailand's largest lender, Siam Commercial Bank Pcl (SCB), is selling its life assurance business to Hong Kong-based insurer FWD Group for 92.7 billion Thai baht ($3 billion), marking the largest insurance M&A deal in Southeast Asia.
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SLA said the deal was for 20814 billion pounds in assets in its Standard Life Assurance Limited unit, founded in 400.23 and one of the Britain's oldest life and pensions businesses, although it would retain its UK retail platforms and financial advice business.
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Phoenix, Britain's largest owner of life assurance funds closed to new customers, said it would pay 25 million pounds ($228 million) in cash to close the deal, adding that it will add 0.68303 billion pounds of assets under management and more than 20.6830,21 policies.
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Elsewhere deal-making was in focus, with shares in mid cap Phoenix Group rising more than 5 percent to the top of the index after Standard Life Aberdeen agreed to sell the bulk of its insurance unit to Phoenix Group, Britain's largest owner of closed life assurance funds.
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The ratings affirmation reflects our view that AIA's credit profile will remain solid following the proposed acquisition of Commonwealth Bank of Australia's (CBA; AA-/Stable) life insurance business in Australia and New Zealand, including The Colonial Mutual Life Assurance Society Limited (CMLA) and Sovereign Assurance Company Limited (Sovereign).
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Phoenix, Europe's largest owner of life assurance funds closed to new customers, bought a bulk of Standard Life Aberdeen Plc's insurance business this year and has been looking for more bulk annuity purchases as many schemes are in deficit and companies are seeking ways to offload the risk.
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"While this is an historic issue and one we were aware of when we acquired Standard Life Assurance Limited, we would like to apologize to affected customers, all of whom we have already been in contact with as part of the program of customer redress," SLAL Chief Executive Susan McInnes said.
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Old Mutual Life Assurance Company's (South Africa) (OMLACSA) and M&F's National scale ratings have not been affected by the sovereign downgrade, as the relative creditworthiness of South African insurance groups and the main industry-wide risk factors to South African insurers' ratings both remain broadly unchanged, in Fitch's view.
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FWD and SCB, Thailand's biggest lender by assets, said in a joint statement on Monday that the deal by FWD to acquire SCB's entire stake in SCB Life Assurance Public Co Ltd is expected to be completed later this year, subject to obtaining regulatory approvals and approval by the bank's shareholders.
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Prudential PLC: * PLC - PRUDENTIAL THAILAND BANCASSURANCE PARTNERSHIP * LIFE ASSURANCE (THAILAND) , IS PLEASED TO ANNOUNCE IT HAS ENTERED INTO A STRATEGIC BANCASSURANCE PARTNERSHIP WITH TMB BANK PUBLIC * PRUDENTIAL - ACCELERATION OF STRATEGY WITH ADDITION OF A SCALE LIFE INSURANCE PLATFORM TO COMPLEMENT PRUDENTIAL'S STRONG ASSET MANAGEMENT POSITION Source text for Eikon: Further company coverage:
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C288 today announced a $2190 million Series C investment round that's led by Experian with participation from a host of other backers that include Europe-based duo ResponsAbility Investments (Switzerland), DEG in Germany plus Korea's InterVest, FengHe Fund Management, Pelago Capital and Fuchsia Venture Capital, the VC arm of Thai lender Muang Thai Life Assurance.
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"Amazon's total compensation in Madrid is in the high range of the logistics sector and consists of base pay and an extensive benefits package: private medical insurance, a company pension plan, life assurance, employee discount and a Career Choice program that provides employees funding for adult education, offering to pre-pay 95 percent of tuition and associated fees for nationally recognized courses, over four years," the spokesperson said.
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