The blue-chip insurer leaps into the unknown
Article Abstract:
Norwich Union plans a flotation in Jun 1997 and there is a possibility that AMP could be interested in acquiring the company once the stocks are available. It is unclear whether new stockholders would sell to AMP. The group chief executive of Norwich Union is Allan Bridgewater, and Richard Harvey is to succeed him in Dec 1997. The company has a sales force of 160 staff and new sales of pensions and life policies rose in 1996 following a fall in 1995. Usage of independent advisers for many sales means that the company has less legal liability for pensions mis-selling, though the brand name could be affected.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Windfall repeat
Article Abstract:
A demutualization by Sun Life of Canada could benefit United Kingdom investors who will be given free stocks if the plan goes ahead. This could benefit as many as 250,000 investors who could gain by up to 1,000 pounds sterling each. Personal pension and with-profits life policyholders stand to benefit, and policies have to be in force by Jan 27 1998. There has been no announcement on whether a free stock dealing service will be offered by the company for new stockholders seeking to sell the stocks they have been given.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Aegon
Article Abstract:
Dutch life and general insurer Aegon is enjoying strong growth in new life sales, with 1st-half 2001 sales up 38% in the Netherlands and 24% in the UK. It is also benefitting from cost-cutting, and its shares are tipped to rise.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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