Wednesday, July 26, 2006
Insurers Prowl for Takeovers of Annuities Sellers
A hunt is on among insurers for rivals that specialize in selling financial products to aging baby boomers.
The latest example: Aviva PLC of the United Kingdom, which announced plans July 13 to buy AmerUs Group Co. for $2.9 billion. It marked the fourth major purchase involving an insurance company that sells annuities in less than a year, and analysts and investors are trying to figure out what may come next.
Insurers Prowl for Takeovers of Annuities Sellers
Source: Wall Street Journal (subscription required)
The latest example: Aviva PLC of the United Kingdom, which announced plans July 13 to buy AmerUs Group Co. for $2.9 billion. It marked the fourth major purchase involving an insurance company that sells annuities in less than a year, and analysts and investors are trying to figure out what may come next.
Insurers Prowl for Takeovers of Annuities Sellers
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 8:03 AM 
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