Swiss Mobiliar decides to join Eureko Alliance
Article Abstract:
Providentia, a life insurance services provider, has sold a 22.27% stake in the company to Eureko BV, a holding company headquartered in Amsterdam, Netherlands, at the instance of the life insurer's parent organization, Swiss Mobiliar of Bern, Switzerland. Under the terms of the purchase deal, Swiss Mobiliar will obtain access to a 10% interest in Eureko in exchange for the Providentia stake. The move, if consummated, will allow Swiss Mobiliar to gain entry into the Eureko insurance network, which consists of medium-size insurers in the European region.
Comment:
Sells a 22.27% stake in Providentia, its life insurance unit, to Eureko BV in exchange for stake in latter
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Insurer Swiss Life Agrees to Aquire Lloyd Continental
Article Abstract:
Swiss Life agreed to acquire Lloyd Continental of France for 3.24 billion French francs ($543.7 million), as Switzerland's largest life insurer positions itself in the increasingly competitive insurance market. Lloyd Continental is one of the largest insurance companies operating in the French health sector, a business that Swiss Life has targeted for expansion. Of Lloyd Continental's total premium income in 1998 of an estimated 2.9 billion French francs, roughly 1.6 billion francs was generated by health insurance.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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