Korea s Kyobo Life Insurance Co and Mirae Asset Life, India s ICICI-Prudential and Reliance Capital s (RLCP.BO) insurance unit as well as Dutch bancassurer
ING s (ING.AS) Asian life insurance business are among the sector IPOs waiting in the wings, bankers say.
The Company is also the largest and most prominent bancassurer
in the country.
According to the company, the name change is a logical step towards its transformation from bancassurer
to international insurer.
Fortis reported a better-than-expected 19 per cent rise in 2003 core profits yesterday and forecast further earnings improvement this year as it seeks to expand in its key markets.
John Holden, chief executive officer, Canara HSBC Oriental Bank of Commerce Life Insurance Company, said, 'Because we are an integrated bancassurer
only selling through our banks' branches, we have lower operating costs and pass that saving onto the customer through better value-for-money products.
Predica specializes in life insurance and is a leading life bancassurer
9 December 2011 - State-run bancassurer
Irish Life & Permanent (IL&P) is an advanced stage of a recruitment process for a new top executive for its banking unit, permanent tsb, which is due to be separated from the group by end-March 2012, a company spokesman said today.
Summary: DUBLIN - Bancassurer
Irish Life & Permanent (IL&P) reported a tenfold jump in pretax losses in the first half on the back of rising impairments and investment losses, but said it was confident its banking unit had a profitable future.
SNS Reaal NV (SR.AE), the Netherlands' fifth-largest financial company by assets, has said that it will set aside EUR600m in capital over the next 18 months as part of its plans to repay state aid from internal resources and restore investor confidence, reports Dow Jones.
ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.
European shares were higher in early trade on Monday, with banks and oils taking the lead and outweighing a fall in Dutch bancassurer