Lloyds will buy Scottish Widows

Article Abstract:

Lloyds TSB Group PLC acknowledged that it is planning to purchase Scottish Widows Fund & Life Assurance Co. The deal gives Scottish Widows a value of 7 billion pound sterling. The move will form the second-largest life insurance, pension, and mutual fund provider in Great Britain. There were concerns that the deal would lead to a price war. However, analysts believe the acquisition could also strengthen the sector.

Comment:

Lloyds planning to purchase Scottish Widows

United Kingdom, Asset sales & divestitures, Lloyds TSB Group PLC, Scottish Widow's Fund and Life Assurance Society

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Standard Bank, Liberty Life unveil ties

Article Abstract:

South African firms Liberty Life Association of Africa Ltd. and Standard Bank Investment Corp. have revealed plans to form a banking and insurance company.

United States, South Africa, Life insurance, Abstract, Liberty Life Association of Africa Ltd., Standard Bank Investment Corp.

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