Reports: Bidding Deadline For ING's Asian Life-insurance Arm On Friday
A slew of insurance giants are vying to acquire Dutch lender ING Groep N.V.'s (ING) Asian life-insurance arm in a bidding war that is expected to bring in a windfall for ING, according to media reports on Thursday. The last day to submit first round bids for the auction is said to be Friday. A deal could see a price tag of between $6 billion and $7 billion.
Business Digest: Life Care wins fellowship awards
The American College of Health Care Administrators recently bestowed its Honorary Fellowship Award on Beecher Hunter, president of Life Care Centers of America.
Jackson National Life Insurance Company® Moves to Princeton Financial Systems’ PAM Accounting System
PRINCETON, N.J.--(BUSINESS WIRE)--Princeton Financial Systems, a global leader in providing accounting, compliance and reporting solutions to the investment industry, today announced that as part of its continued growth in the North American market, it has signed on Lansing Michigan-based Jackson National Life Insurance Company (Jackson®) to its PAM for Securities system for investment ...
A.M. Best Affirms Ratings of OneAmerica Financial Partners, Inc. and Its Subsidiaries
A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of “aa-” of American United Life Insurance Company and its affiliates, The State Life Insurance Company and Pioneer Mutual Life Insurance Company , all of which comprise the OneAmerica Group .
Big insurers to bid for ING Asia unit
HONG KONG: Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among suitors expected to place first-round bids to buy ING Groep’s Asia life insurance unit in a deal worth about US$6.5bil to US$7bil, sources said.