Cox Insurance: Americans buy in

Article Abstract:

Cox Insurance has placed shares with Warburg Pincus Ventures following an investment by George Soros hedge funds into Limit and CLM, both Lloyd's of London investment trusts. Cox Insurance is a managing agent for Lloyd's of London, and syndicates managed by Cox have a good performance record. Cox reported a rise in profit of 25% to 373,000 pounds sterling for the six months to Sep 1995. The shares are better suited to professionals until an agreement has been reached over Equitas.

Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Cox Insurance

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New life at UBS

Article Abstract:

Union Bank of Switzerland (UBS) is linking up with Swiss Life in a move into the insurance business. UBS has been criticised for low profitability levels and this move appears to be an attempt to counter the criticism. UBS is acquiring a stake of 25% in Swiss Life, which is to become a joint stock company rather than a mutual. The move is likely to help boost UBS' profitability, and could lead to UBS acquiring a larger stake in Swiss Life.

Commercial Banks, Commercial Banking, Life Insurance, Direct Life Insurance Carriers, Banking industry, Investments, Bank investments, Union Bank of Switzerland, Swiss Life

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Legal & General

Article Abstract:

Legal & General (L&G) outperformed the rest of the UK life insurance sector in 1st-half 2001, with UK new business up 30%. L&G has also been active in forming alliances with UK banks. L&G shares are tipped to rise further.

Life insurance industry, Legal and General Group PLC

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