A Canadian appeal court backed Manulife Financial Corp in a dispute with hedge fund Mosten Investment LP, which had claimed the right to put unlimited deposits into life insurance contracts offering high interest rates based on a 1997 policy.
By Reuters Staff
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JOHANNESBURG (Reuters) - South Africa’s Sanlam reported a 24% rise in annual profit on Thursday and declared a dividend, as the insurer benefited from the absence of hefty one-time charges that marred its results last year.
The logo of South Africa s largest insurer Sanlam is seen outside the company s headquarters in Cape Town, South Africa March 12, 2020. REUTERS/Mike Hutchings
The country’s largest insurer had already flagged an increase in headline earnings per share (HEPS) - South Africa’s main profit measure - of up to 29%.
That stood at 448.5 cents in the year to Dec. 31, the first full-year report under new Chief Executive Paul Hanratty who joined in July.
Greensill Capital's talks to sell parts of its business to annuities provider Athene Holding Ltd have paused, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
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(Reuters) - Health IQ is weighing strategic options, including a merger with a blank-check acquisition firm that could take the digital health insurance provider public at a valuation of more than $1.5 billion, people familiar with the matter said.
Health IQ is currently working with an investment bank that has reached out to a small number of parties, including so-called special purpose acquisition companies (SPACs), to solicit their interest in a deal, three sources said.
The sources cautioned a deal was not certain and spoke on condition of anonymity because the matter is confidential. Health IQ did not respond to a request for comment.
Standard Life Aberdeen said on Tuesday it was cutting its dividend after adjusted full-year profits fell 16.6% to 487 million pounds ($674 million) and as the British asset manager reconfigures its global operations with a renewed focus on Asia.