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News Breaks | | | | October 4, 2012 | | 09:29 EDT |  | MFC, LFC, AIG, SLF, ING, MET, UNM, AV, PL, PRU, LNC | India allows 49% foreign direct investment in insurers, Economic Times reports
India's Cabinet cleared all amendments to its insurance bill, allowing 49% Foreign Direct Investment in insurance, Economic Times reported. The cabinet also cleared the Pensions Bill to allow up to 26% FDI in the pension sector, the report added. Reference Link | |
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News For AIG;PRU;MET;LFC;PL;ING;MFC;AV;SLF;LNC;UNM From The Last 14 Days Check below for free stories on AIG;PRU;MET;LFC;PL;ING;MFC;AV;SLF;LNC;UNM the last two weeks. |
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| May 23, 2013 | | 08:36 EDT |  | UNM | Unum Group's COO Kevin McCarthy to retire in Q1 2014
 Subscribe for More Information | | | 08:16 EDT | | UNM | Unum Group increases common dividend 11.5% to 14.5c
Subscribe for More Information | | | 07:12 EDT | | AIG | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
Subscribe for More Information | | | 06:08 EDT | | AIG | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 21, 2013 | | 11:24 EDT | | MET | MetLife to merge offshore reinsurance unit into U.S. regulated entity
In a regulatory filing, MetLife disclosed that it intends to merge offshore captive reinsurer into a U.S. regulated entity. | | | 10:45 EDT | | MET | MetLife says low interest rates may cost annuity business $2.5B, Bloomberg says
MetLife says the continued low interest rate environment may cost the company around $2.5B after three-to-five years in the U.S. variable annuity business, reported Bloomberg. Reference Link | | | 09:33 EDT |  | MFC | Bloomberg LINK to host a summit
Subscribe for More Information | | | 08:44 EDT | | AIG, PRU | Regulators to soon vote on non-banks, WSJ reports
Subscribe for More Information | | | May 20, 2013 | | 13:07 EDT | | AIG | AIG to own 9.9% of shares in PICC Property & Casualty
Subscribe for More Information | | | May 19, 2013 | | 18:32 EDT | | ING | ING U.S. could rise over 30% in a takeover, Barron's reports.
Subscribe for More Information | | | | May 17, 2013 | | 10:07 EDT |  | AV | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. | | | 09:24 EDT | | AV | Aviva downgraded to Underperform from Sector Perform at RBC Capital
Subscribe for More Information | | | 08:53 EDT | | AIG | JPMorgan's life insurance analyst holds an analyst/industry conference call
Subscribe for More Information | | | May 16, 2013 | | 17:42 EDT | | ING | ING Group agrees to sell part of its direct stake in SulAmerica to IFC
ING announced that it has agreed to sell part of its direct stake in SulAmerica to International Finance Corporation, IFC. ING has agreed to sell approximately 26.5M units of SulAmerica, representing approximately 7.9% of SulAmerica's outstanding shares, for a total consideration of 400M Brazilian Reais, roughly USD 200M or EUR 155M at current exchange rates. These shares have been released from the obligations of the shareholders agreement between ING and the Larragoiti Family as announced on 28 February 2013. Upon the closing of both the sale to IFC and the transaction with the Larragoiti Family, in which ING agreed to reduce its 36.5% stake to just under 30%, ING's equity interest in SulAmerica will be reduced to approximately 21.5%. The market value of the remaining stake is approximately EUR 410M based on the closing share price of 15 May 2013, R$14.95, and current exchange rates. The transaction with IFC is expected to close within 30 days, while the transaction with the Larragoiti Family is expected to close in the third quarter of 2013 as it is subject to regulatory approvals. | | | 16:22 EDT | | AIG | Forest City, AIG form strategic equity partnership for project in Dallas
Forest City Enterprises (FCE.A, FCE.B) announced that it has closed a strategic capital partnership with AIG Global Real Estate (AIG) for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014. | | | 12:32 EDT |  | ING | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 10:03 EDT | | UNM | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 10:00 EDT |  | AV | Aviva rises 7.9%
Aviva is up 7.9%, or 78c, to $10.70 | | | 08:56 EDT | | AV | Aviva reports Q1 operating capital generation stable at GBP0.5B
Subscribe for More Information | | | 08:33 EDT | | ING, AIG | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | |
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