Norway's Storebrand to acquire SPP unit from Handelsbanken

Article Abstract:

Sweden's Svenska Handelsbanken AB will sell its pensions and life-insurance business, SPP, to Norway's Storebrand ASA insurance firm in a deal valued at $2.61 bil. The sale will create the Nordic region's top pensions and life-insurance company with a pro forma 2006 premium income of about $4.63 bil.

Commercial Banks, Acquisitions & mergers, Banking industry, Mergers, acquisitions and divestments, Company acquisition/merger, Sweden, Norway, Svenska Handelsbanken AB, SPP, Storebrand ASA

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BNP Paribas set to sell insurance line in Algeria

Article Abstract:

BNP Paribas S.A. announces that its international insurance branch Cardif will sell life insurance and savings products through branches of the Algerian retail bank Caisse Nationale d'Espargne et de Prevoyance. Article discusses the insurance market and insurance companies' investments in Algeria.

Goods & services distribution, Algeria, Alliances, partnerships, Channels of Distribution, BNP Paribas S.A., Bank insurance business, Distribution agreements, Cardif, Caisse Nationale d'Epargne et de Prevoyance

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