M&A, Partnerships and Organic Growth in Life and Pensions, Q4 2007

Table of Contents

• The Roundup
  • Expansion into Asian and CEE markets has continued in Q4 2007
    • Russia has emerged as the key expansion target within Central and Eastern Europe
    • Expansion activity has increased in Latin America during Q4 2007
  • Distribution networks are built through acquisition and partnerships
  • Providers are looking for ways to cut costs and increasingly outsourcing sections of their business
• The Developments
  • AIG
    • AIG Europe opens Newcastle office - Oct 2007
  • Allianz
    • Allianz SpA starts up in Italy - Oct 2007
  • Aviva plc
    • Aviva opens sales office in Russia - Oct 07
    • Aviva Russia opens office in Yekaterinburg - Dec 2007
    • Aviva Australia acquires stake in Meritum Financial Group - Dec 2007
    • Aviva China joint venture receives Jiangsu branch licence - Nov 2007
    • Aviva Russia opens new sales office in Tatarstan - Nov 2007
    • Aviva and Bank Zachodni WBK and Commercial Union sign Polish bancassurance agreement - Nov 2007
    • Aviva Canada Inc demonstrates support of the independent broker channel - Nov 2007
    • Aviva obtains regulatory permission for joint venture in Taiwan - Nov 2007
    • Aviva completes acquistion of Hamilton companies and enters new distribution agreements - Nov 2007
    • Aviva opens branch in the Czech Republic - Oct 2007
    • Delta Lloyd group relinquishes its interest in ABN AMRO Holding NV - Oct 2007
  • AXA
    • AXA acquires stake in Russian company - December 07
    • AXA creates AXA Bank Europe- December 07
    • AXA extends partnership with BMPS - November 07
    • AXA, BMPS to establish Italian business - October 07
  • Friends Provident
    • Friends Provident terminates merger agreement - Oct 07
  • Hibernian Life
    • Hibernian to open branch in Navan - Oct 07
  • HSBC Holdings
  • ING
    • ING to acquire Argentina' s leading pension and annuity business - Nov
    • ING reaches partnership agreement with Piraeus Bank - Oct 07
  • Manulife
    • Manulife-Sinochem to open sales office in Yantai - Dec 07
  • Merrill Lynch
    • Merrill Lynch and AEGON finalize strategic relationship; AEGON completes acquisition of Merrill Lynch Life Insurance Companies - Dec 07
  • NORDEA
    • Nordea signs agreement to open new branches - Oct 07
  • Prudential
    • Prudential UK announces outsourcing partnership to support delivery of target cost savings
  • Prudential US
    • Prudential expands its retirement business - Nov 07
  • Santander
    • Santander reaches an agreement with ING Groep - Nov 07
  • Standard Life
    • MLC and Standard Life Wrap form partnership - Nov 07
    • Standard Life plc increase in Indian JV stake - December 07
  • The Hartford
    • The Hartford to acquire TopNoggin - December 07
    • The Hartford to acquire Princeton Retirement Group - December 07
  • Zurich
    • Zurich acquires DWS Vita SpA in Italy - December 07
• APPENDIX
  • Methodology
  • Further reading
  • Ask the analyst
  • Datamonitor consulting
  • Disclaimer