TOKYO, July 3 (Reuters) - Japan's Dai-ichi Life Insurance Co Ltd will issue up to 275.9 billion yen ($2.7 billion) in new shares to help fund its planned acquisition of U.S. peer Protective Life ,...
On Thursday, Protective Life PL announced lower-than-expected fourth-quarter earnings and 2007 guidance slightly below our estimate. As a result, we
This isn’t a CEF post, but it is a FI question that could be of interest to the group. Protective Life (PL) is an insurer which currently has four exchange traded debt securities now trading (PL-B, PL-C, PL-E, and PLP
S. market on concerns of the soon-to-be-implemented Solvency II capital requirements. Most recently, Aviva sold its U.S. life and annuities business to Athene Holding. AXA also announced the sale of MONY Life to Protective Life .
AXA is retreating from the U.S. market. The company sold its closed-block U.S. life insurance business to Protective Life for $1.06 billion, and redeployed the capital to Asia. The company bought a 50% stake in China's auto insurer
concerns about the Solvency II capital requirements. Most recently, AXA also announced the sale of MONY Life to Protective Life . The uncertainties surrounding Solvency II could be an overhang to this IPO, in our view, given the Dutch parent
model. In other news, the company closed the previously announced sale of its wholly owned subsidiary, UILIC, to Protective Life PL. After postclosing adjustments, the company expects to receive approximately $669 million from the sale of this