Legal & General Share News (LGEN)

REUTERS SUMMIT-EU watchdog lauds insurer moves to adapt business models

* Insurers have made progress adjusting to Solvency II * Still urgent need for change at some life insurers * No surprises in insurer capital positions * Dividend policies a concern mainly at stressed insurers By Jonathan Gould and Huw Jones FRANKFURT/LONDON, May 23

UPDATE 1-L&G picks up Aegon's remaining UK annuities business

(Updates with background, analyst comment) AMSTERDAM, May 23 (Reuters) - Britain's Legal & General Group said on Monday it will buy 3 billion pounds ($4.4 billion) of annuity liabilities from Dutch insurer Aegon . Although the terms were not disclosed, analysts said L&G appears to hav

London pre-open: Stocks seen touch higher

(ShareCast News) - London stocks were expected to open just a touch firmer on Monday, regaining some poise after the losses suffered last week amid concerns about an earlier-than-expected interest-rate hike by the Federal Reserve. The FTSE 100 was seen starting four points higher than Friday's close

Legal & General buys £3bn annuity portfolio from Aegon

(ShareCast News) - Legal & General said it had acquired a £3bn annuity portfolio from Aegon. L&G said the transaction had been structured initially as a reinsurance contract and covers approximately 27,000 of in-payment policyholders who will remain customers of Aegon during this period. They will c

Insurer Aegon says annuities divestment will lift Solvency II rating

AMSTERDAM, May 23 (Reuters) - Dutch insurer Aegon said on Monday that the divestment of its remaining annuities businesses in Britain to Legal and General Group will lead to an improvement of up to 20 percent in its solvency ratio in that country. Aegon's shares declined as much as 10 perce

TOP NEWS: Legal & General Buys GBP3 Billion Annuity Book From Aegon

AGM, EGM Calendar - Week Ahead

UK lawmakers warn pension reform could be next mis-selling scandal

By Huw Jones LONDON, May 13 (Reuters) - Allowing people to cash in their pension pots is a potential trigger for mass mis-selling after regulators have proved too "passive" in tackling the loan insurance scandal, British lawmakers said on Friday. There was no guarantee that efforts by

Market volatility after Brexit would hit L&G, Standard Life-Moody's

LONDON, May 12 (Reuters) - Legal & General and Standard Life are among insurers most exposed to market volatility if there is a vote for Britain to leave the European Union and their solvency levels could suffer, ratings agency Moody's said on Thursday. "We expect to see volatility in finan

L&G fund arm, Nikko Asset Mgt sign bond fund distribution deal

LONDON, May 11 (Reuters) - The fund arm of British insurer Legal & General and Japanese investment firm Nikko Asset Management have signed a cooperation agreement for fixed income products, the two firms said on Wednesday. Under the agreement, Nikko Asset Management will distribute Legal &

LONDON MARKET MIDDAY: Disappointment In Bank Of Japan Hits Shares

WINNERS & LOSERS SUMMARY: Lloyds Sold As Quarterly Profit Halves

LONDON MARKET OPEN: Lloyds Falls While Ex-Dividends Drag Indices

Ex-divs to take 7.52 points off FTSE 100 on April 28

LONDON, April 25 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations, the resulting adjustment to prices by market-makers would take 7.52 points off the ind

Dividends Calendar - Week Ahead