Zurich acquires Abbey Life's sales arm

Article Abstract:

Zurich Financial Services has acquired the distribution network of Abbey Life. Zurich acquired the network for as much as 100 million pounds (166.6 million euros).

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GE unit is said mulling new Equitable Life bid

Article Abstract:

GE Capital is considering the possibility of making an offer for Equitable Life to counter Halifax PLC's bid. Equitable Life has already accepted Halifax's 1 billion pounds (1.57 billion euros) offer.

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Britannic agrees to pay E525.5 million to Britannia for fund, life acquisitions

Article Abstract:

The article discusses Britannic PLC's plans to acquire 75% of Britannia Building Society's fund-management unit and all of its life-assurance unit in a deal worth GBP346 million (Euro525.5 million). The life-assurance company said that the acquisitions still would not give it what the company needs to compete in the life and pensions industry.

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