CGNU
Article Abstract:
CGNU is a life assurance company that ranks fourth in the European market and is cutting back on exposure to general insurance, which is more problematic.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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Struggling, but not drowning: Will Equitable LIfe's problems bring an end to its cherished mutual status and windfalls for carpetbaggers or have its problems been blown out of all proportion?
Article Abstract:
Equitable LIfe is one of the most important life companies in the UK, but its current problems could end its mutual status. It included a guaranteed rate of annuity in its pension schemes between 1956 and 1988 and these were set at a high level in the 1970s due to high interest rates. However to fulfill its guarantee, life insurers had to add 25% to the sum now that the going rate is 8%, and Equitable's problems result from its decision to cut bonuses for those with guarantees.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Sun Life
Article Abstract:
Sun Life and Provincial has seen a drop in its stock price since 1998, when the price peaked due to the popularity of life insurance stocks and a stock shortage. The company has seen a rise in volume sales in 1999, based almost entirely on sales by independent financial advisers. This is an achievement given high levels of competition in the market. The company has acquired Guardian Royal Exchange and there is room to improve the performance of this acquisition. AXA holds a 56% stake in Sun Life, down from 72%.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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