Converium will ask shareholders to fund $240 million in capital

Article Abstract:

Swiss reinsurance company Converium Holding AG has discontinued talks with potential investor Berkshire Hathaway Inc. Instead, the company is turning to its shareholders to raise a chunk of its much-needed capital. Recent losses at Converium's U.S. operations has prompted plans at the company for a full withdrawal from the U.S.

United States, Foreign operations, Switzerland, INSURANCE CARRIERS, Fire, marine, and casualty insurance, Property and casualty insurance industry, Berkshire Hathaway Inc., BRK.A, Converium Holding Ltd.

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AMP's U.K. spinoff is cleared

Article Abstract:

AMP Ltd.'s planned spinoff of its businesses in the United Kingdom has been approved. The spinoff will make Australian-based AMP a primarily wealth management firm with 41 billion euros in funds under management.

Australia, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Spinoff company, Spinoffs (Corporate), AMP

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RSA hopes IPO raises 1.17 billion euros

Article Abstract:

Royal and Sun Alliance Insurance Group PLC (RSA) is expecting to raise 1.17 billion euros from its initial public offering (IPO). The IPO is one of the largest global share offerings in 2003.

Going public (Securities), Initial public offerings, Company public offering, Royal & Sun Alliance Insurance Group PLC

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