HSBC to buy Swiss Life out of French insurance JV
HSBC to buy Swiss Life out of French insurance JV (Reuters via Yahoo! News)
Banking giant HSBC (0005.HK) said on Tuesday it had agreed to pay 228.75 million euros ($303.6 million) to buy Swiss Life's 50.01 percent stake of a French insurance joint venture.
As premiums go down, pick up life insurance (Courier-Post)
The next time your party guests linger past your bedtime, ask them how they feel about life insurance. Watch that they don't trip over your cat as they sprint to the door.
HSBC seeks insurance, wealth-management growth organically, via M&A (Market Watch)
HSBC France agreed earlier Tuesday to acquire the 50.01% of life insurer Erisa and property and casualty insurer Erisa IARD that it does not already own from Swiss Life for EUR228.75 million. Clive Bannister, group managing director of insurance at HSBC, said in a statement that the firm's goal globally is to double the contribution to HSBC Group made by insurance. But, while the banking giant ...