PZU SA plans to review its strategy to bolster earnings as last year’s profit collapsed to the lowest since its debut in Warsaw in 2010 after being rocked by record-low interest rates. Under Chief Executive Officer Michal Krupinski, who took …
Standard & Poor’s Ratings Services said it is maintaining on CreditWatch with negative implications its “A-” long-term counterparty credit and insurer financial strength ratings on Delta Lloyd Levensverzekering N.V. and Delta Lloyd Schadeverzekering N.V., the core operating companies of the …
Old Mutual Plc, the U.K.-based financial services firm that is Africa’s largest insurer, climbed on speculation that it is considering a breakup of businesses as part of a strategic review. The company rose as much as 12 percent in London, …
Delta Lloyd swiftly rejected a demand from top shareholder Highfields Capital to postpone a vote on a 650 million euro ($706 million) rights issue the Dutch insurer says is the only way it can comply with new European capital requirements. …
Highfields Capital Management LP, the largest shareholder in Delta Lloyd NV, will vote against the Dutch insurer’s plan to raise 650 million euros ($706 million) in a rights offer it called “unnecessary.” “Their actions are so detrimental to shareholders, and …
A British exit from the European Union could hurt UK insurer Direct Line’s investment portfolio and cause regulatory uncertainty, it said on Tuesday after posting a 3 percent rise in 2015 operating profit. Britain will hold a referendum on EU …
XL Group plc announced a proposal to change its parent holding company’s place of incorporation to Bermuda from Ireland. “Establishing our corporate home in Bermuda is a natural step for XL. XL has had a presence in Bermuda since 1986, …
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer’s business and investment returns, underscoring a warning from top executives about the impact of withdrawal. Hester was one of 36 …
Delta Lloyd NV surged as much as 12 percent in Amsterdam trading after the Dutch insurer bowed to investor pressure and cut the size of a rights offer to 650 million euros ($715 million). “Following months of analysis, today’s announcement …
Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global overhaul in a tough low-interest rate environment, sources with direct knowledge of the matter said. The South Korean asset is …
