Zurich ditches RSA takeover after losses in general insurance

[Buzz_Burner_Fresh_Updates] Zurich ditches RSA takeover after losses in general insurance – reuters.com ZURICH (Reuters) – Zurich Insurance Group AG abandoned its proposed 5.6 billion pound ($8.7 billion) bid for British insurer RSA Insurance Group PLC on Monday after forecasting a $200 million loss in its general insurance business due to explosions at the Chinese port […]

Zurich likely to hit lower end of target, still eyes acquisitions

[Buzz_Burner_Fresh_Updates] Zurich likely to hit lower end of target, still eyes acquisitions – reuters.com ZURICH, Sept 21 (Reuters) – Zurich Insurance will likely hit the lower end of its mid-term financial targets and remains on the lookout for acquisitions, it said on Monday after abandoning a bid for British insurer RSA amid losses from an […]

Fitch Places Mitsui Life on RWP, Following Management Integration Agreement with Nippon Life + MORE

[Buzz_Burner_Fresh_Updates] CORRECTED-Spain's Sabadell eyeing bid for Northern Rock assets – report – reuters.com MADRID, Sept 14 (Reuters) – Spain’s Sabadell is studying making a bid for 18-billion-euro ($20.4 billion) mortgage asset portfolios from British nationalised bank Northern Rock and Bradford & Bingley, financial newspaper Expansion said on Monday. Continue Reading On reuters.com » Fitch Places […]

BRIEF-Poland's PZU may buy another bank this year -CFO

[Buzz_Burner_Fresh_Updates] BRIEF-Poland's PZU may buy another bank this year -CFO – reuters.com * Polish insurer PZU’s chief financial officer Przemyslaw Dabrowski said on Wednesday the company may buy another bank apart from Alior Bank this year. Continue Reading On reuters.com »  

UPDATE 1-Symantec to sell Veritas to Carlyle-led group for $8 bln + MORE

[Buzz_Burner_Fresh_Updates] UPDATE 1-Symantec to sell Veritas to Carlyle-led group for $8 bln – reuters.com Aug 11 (Reuters) – Norton antivirus maker Symantec Corp said it would sell its data storage business, Veritas, for $8 billion in cash to a group including Carlyle Group LP and Singapore’s sovereign wealth fund GIC. Continue Reading On reuters.com » […]

UPDATE 1-S.Africa's Liberty to spend up to $80 mln on two Nigeria deals + MORE

[Buzz_Burner_Fresh_Updates] Former Bulgarian intelligence head sentenced to 10 years in jail – reuters.com SOFIA, Aug 7 (Reuters) – Bulgaria’s former intelligence chief Kircho Kirov was sentenced to 10 years in jail on Friday for misappropriation of public funds and violations of financial discipline, prosecutors said. Continue Reading On reuters.com » UPDATE 1-S.Africa's Liberty to spend […]

Aviva says considering 'bolt-on' acquisitions in Poland

[Buzz_Burner_Fresh_Updates] Aviva says considering 'bolt-on' acquisitions in Poland – reuters.com LONDON, Aug 6 (Reuters) – British insurer Aviva is considering small acquisitions in markets such as Poland, where it recently bought a financial advisory group, an Aviva spokesperson said on Thursday. Continue Reading On reuters.com »