Zurich acquires Abbey Life's sales arm

Article Abstract:

Zurich Financial Services has acquired the distribution network of Abbey Life. Zurich acquired the network for as much as 100 million pounds (166.6 million euros).

Switzerland, Financial Services, Finance and Insurance, Zurich Financial Services, Abbey Life Assurance Co.

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GE unit is said mulling new Equitable Life bid

Article Abstract:

GE Capital is considering the possibility of making an offer for Equitable Life to counter Halifax PLC's bid. Equitable Life has already accepted Halifax's 1 billion pounds (1.57 billion euros) offer.

United States, Foreign operations, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Mortgage bankers and correspondents, Mortgage Bankers, Real Estate Credit, Mortgage banks, Equitable Life Assurance Society, Halifax PLC, General Electric Capital Corp.

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Britannic agrees to pay E525.5 million to Britannia for fund, life acquisitions

Article Abstract:

The article discusses Britannic PLC's plans to acquire 75% of Britannia Building Society's fund-management unit and all of its life-assurance unit in a deal worth GBP346 million (Euro525.5 million). The life-assurance company said that the acquisitions still would not give it what the company needs to compete in the life and pensions industry.

Open-End Investment Funds, Investment Funds & Trusts, Savings & Loan Assns, Savings Institutions, HOLDING AND OTHER INVESTMENT OFFICES, Banking industry, Savings and loan associations, Britannia Building Society, Britannic PLC

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