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.
Annual Eastbridge Study Finds Life Insurance Sales Had an Increase for the Third Straight Year in 2011.
Total 2011 voluntary sales for all products was $5.478 billion , according to Eastbridge’s annual U.S. Worksite/Voluntary Sales Report.
CORRECTED-ING Asia life insurance sale shifts into top gear
(Corrects paragraph 11 to clarify CEO comments on proceeds from Asian sales) By Denny Thomas HONG KONG (Reuters) - Global insurers Manulife Financial Corp, Metlife and Prudential Financial Corp are among ...
ING's Asia life insurance sale shifts into top gear
By Denny Thomas HONG KONG (Reuters) - Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) are among suitors expected to place first-round bids on Friday ...
Manulife, Metlife submit bids for ING Asia sale: sources
Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia ...