Japan’s Meiji Yasuda to also acquire 5% stake in UK insurer

RTÉ

Ireland

Legal & General to sell US protection unit for $2.3 bn

British life insurer Legal & General said it would sell its US protection business to Japan's Meiji Yasuda for $2.3 billion in cash, in one of the biggest strategic moves so far under CEO António Simões.

Media Bias/Fact Check

Government of Ireland

TOKYO -- Meiji Yasuda Life Insurance will buy a 5% stake in British financial services company Legal & General and acquire its U.S. subsidiary Ban

Nikkei

Nikkei, Inc.

Japan

Meiji Yasuda Insurance to spend $3bn entering U.S. retail business

Shares in Legal & General (L&G) soared after the firm announced the sale of its US insurance business to Japanese firm Meiji Yasuda for £1.8bn. Following the deal, Meiji Yasuda will own L&G’s US protection business and have a 20 per cent economic interest in its pension risk transfer (PRT) business. The FTSE 100 firm will retain 80 per cent of existing and new PRT through reinsurance arrangements. PRT involves buying up pension liabilities from …

City AM

London

Greater London

England

United Kingdom

Legal & General sells US insurance business for £1.8bn

Ad Fontes Media

All Sides

Financial Times

Nikkei Inc.

L&G to sell US business in move to slim down and hand cash to shareholders

TOKYO -- Meiji Yasuda Life Insurance will buy a 5% stake in British financial services company Legal & General and acquire its U.S. subsidiary Banner Life Insurance as it makes its entry into retail business in America. The Japanese insurer's spending is expected to total about 500 billion yen…

BizToc

L&G said it planned to launch a share buyback programme worth an extra $1.2bln after the sale

Zawya

Britain's L&G sells US protection unit to Japanese insurer for $2.3bln

Legal & General to sell American insurance companies in $ 2.3 billion deal

The Bahart Express News

Greater Noida

Meerut Division

Uttar Pradesh

India

Legal & General to sell American insurance companies in $ 2.3 billion deal - THE BHARAT EXPRESS NEWS

Legal & General has agreed to sell its US insurance entity, comprising its US protection and US Pension Risk Transfer businesses, to Meiji Yasuda Life Insurance Company, a Japanese mutual life insurance company, for an equity value of $2.3 billion. Following completion, Meiji Yasuda will reportedly own L&G’s US protection business and have a 20% economic interest in its US PRT business, with L&G retaining 80% of existing and new PRT through rein…

ReinsuranceNe.ws

L&G to sell US insurance entity to Meiji Yasuda for $2.3bn

Shares in Legal & General soared after the firm announced the sale of its US insurance business to Japanese firm Meiji Yasuda for £1.8bn

business-live.co.uk

Reach plc

Legal & General shares soar as UK insurer sells US life business for £1.8bn

The London-listed life insurance and pensions firm saw shares jump higher in early trading on Friday as a result. Legal & General has struck a deal to sell its US protection business to Meiji Yasuda for £1.8 billion. The London-listed life insurance and pensions firm saw shares jump higher in early trading on Friday as a result. It said the Japanese life insurance firm plans to take a 5% stake in L&G as part of the move. The deal is part of plan…

L&G to sell US business in move to slim down and hand cash to shareholders

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics