New dawn for Sun Life
Article Abstract:
Sun Life was acquired by UAP and Transatlantic in 1991, and UAP subsequently acquired Transatlantic's stake. UAP is offering a 40% stake in Sun Life and Provincial which includes Provincial and New Ireland. The value of the offering will depend on demand from institutions. Independent financial advisers account for more than 75% of the new business of Sun Life. Provincial has yet to become a major player in the direct writing market. New Ireland ranks second in the Irish pensions and life market.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Axa on top down under
Article Abstract:
National Mutual, the second-largest life insurance concern in Australia, will have a 51% stake taken by French insurer Axa once the former concern becomes a joint stock company. The move is part of plans by Axa to establish a worldwide presence in life insurance. Analysts are generally in favour of the deal, especially as Axa has successfully undertaken similar moves in the past.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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