Blue Cross to oppose BAT merger

Article Abstract:

High Court approval in the UK is required before a merger between Zurich Insurance and the financial services division of BAT Industries can be completed, however such approval will be opposed by Blue Shield and Blue Cross, the US healthcare insurance firms. BAT also owns Brown & Williamson, the cigarette producer, and the health insurers fear that their efforts to win compensation payments for illnesses related to smoking will be hindered by the merger.

Comment:

Merger with the financial services division of BAT Industries needs approval from the High Court in UK

Acquisitions & mergers, Switzerland, Zurich Insurance Co. (Zurich, Switzerland), Article

---

Insurance sector expands services

Article Abstract:

Significant developments have been taking place in Ethiopia's insurance sector. State-owned Ethiopian Insurance Corp is still the country's largest insurance concern, accounting for around 70% of the overall insurance market. However, it is now facing strong competition from new arrivals in the sector. There has been particular success for United Insurance Co SC, created in 1994, which has authorized share capital of around 2.5 million pounds sterling.

INSURANCE CARRIERS, Insurance industry, Ethiopia

---

Similar abstracts:

• Abstracts: The writer's tale: how a story chose an author and wowed the critics. Inside the cappuccino conspiracy
• Abstracts: Not immune to how research can hurt. Scientists unlock the secrets of women's sexual attractiveness. Wake-up call for a new drug
• Abstracts: Diageo to lose Wild Turkey rights Why soccer stars have share prices at their feet. Drinks giants spurn Arnault's merger plan
• Abstracts: A ghost town called Motown. The Renaissance rides into rodeo town. The great white hunter carries a camera
• Abstracts: A frame around the world. Unloose the dogs of squelch. View to a thrill

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