SLHNSwiss Life Holding N (insurance; Switzerland)
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Insurance firm Swiss Life (SLHN.VX) has announced that it is on track to achieve its targeted cost reductions.
The business is said to be worth EUR130m, and insurers such as CNP (CNPP.PA), AXA (AXAF.PA), Aviva (AV.L), Allianz (ALVG.DE), La Mondiale [MONDL.UL], Generali (GASI.MI) and Swiss Life (SLHN.VX) are said to have offered EUR65m for the stake.
Earlier, the French business newspaper, La Tribune had reported that Swiss Life (SLHN.VX), Suravenir and French bank, Credit Mutuel were interested in buying Dexia Epargne Pension.
Swiss Life Holding AG (SLHN.VX) has named Thomas Buess as its new chief finance officer following the departure of Thomas Mueller.
Swiss insurer Swiss Life (SWX: SLHN) has reported that its annual net profit declined by 74.8 percent to CHF345m for 2008, following investment losses and write-offs.
Swiss Life (SWX: SLHN) has opened a new insurance intermediation office at the Dubai International Financial Centre (DIFC) as part of the global expansion of its life insurance solutions business.