A mutual pay-out

Article Abstract:

Scottish Amicable is to recommend a bid by Prudential which will be able to achieve cost savings over the longer term. Prudential has pledged that no jobs will be shed for three years at the headquarters of Scottish Amicable. The shareholders of Prudential will receive benefits from cost savings. Meanwhile, Norwich Union is carrying out a flotation in Jun 1997 since the funds raised will allow it to purchase the general insurance business from the life insurance fund. Policyholders will be given free shares if the flotation is approved.

Securities, Norwich Union Insurance Group, Scottish Amicable Life Assurance Society

---

Insurers seek safety in size

Article Abstract:

Sun Alliance and Royal Insurance plan a 6 billion pounds sterling merger to be finalised in Aug 1996. Annual cost savings of 175 million pounds sterling should result from the merger, and the new company will rank first among UK non-life insurers. Competition has increased in the UK insurance industry, and this is affecting margins. The merger will not reduce capacity, so competition will still be a problem. The share prices of both insurers rose after the announcement of the merger.

Royal Insurance Company PLC, Sun Alliance Group PLC

---

Struggle for survival heralds life shake-up

Article Abstract:

The UK life insurance industry is likely to undergo restructuring because of increasingly difficult conditions. The industry has been affected by a scandal relating to mis-selling of pensions, and by increased competition from companies with links to building societies and banks. Mutual insurers are restricted as to how much they can borrow to invest in new products and ways of distributing existing products. New entrants are likely to be potential buyers.

Similar abstracts:

• Abstracts: Analyzing a hypothetical bank. Banks see shift in earnings drivers
• Abstracts: Making health pay off. Retiring in steps
• Abstracts: Real dog's dinner at Dalgety. Northern Foods
• Abstracts: Twenty questions to ask your stockbroker. Spotlight on stockbroker safety. Choosing a stockbroker
• Abstracts: An empirical analysis of the limit order book and the order flow in the Paris Bourse. The long-run negative drift of post-listing stock returns

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.