| Vienna Insurance Group / Mergers - Acquisitions - Takeovers / Vienna Insurance Group acquires all Insurance Operations ...
-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- 26.03.2008 Not for distribution in the United States, Canada, Japan and Australia. Please note: this is a translation; only the German version of this release is legally binding Vienna Insurance Group has entered into an agreement with Erste Bank to acquire all of Erste Bank's insurance activities including its operations in Austria, Czech Republic, Slovakia, Hungary, Croatia and Romania for a cash consideration of approximately EUR 1.4bn. As part of the transaction, a long-term distribution agreement has been entered into, giving Vienna Insurance Group access to Erste Bank's extensive distribution network with more than 16m clients and more than 2,900 branches.
Kiplinger's Calls SBLI's Whole Life Insurance "One of the Best Deals"
Whole life insurance policies offer stability and tax breaks. Woburn, MA (PRWEB) March 27, 2008 -- The Savings Bank Life Insurance Company of Massachusetts (SBLI) is pleased to announce that its whole life insurance has been recognized as "one of the best whole-life deals," by Kiplinger's Personal Finance. Whole life insurance offers great tax benefits and stability in today's volatile marketplace. SBLI whole life insurance guarantees substantial cash value after only one year, often at least 80 percent of your first-year premium while many other provider policies do not kick in until the second or third year. "Life insurance is a great way to protect your wealth, and ensure that future generations will achieve guaranteed financial stability," said PBS financial expert Jonathan Pond.
Sun Life Financial Introduces Enhanced Executive Bonus Marketing Program for Business Owners
The U.S. Individual Insurance Division of Sun Life Financial Inc. (NYSE: SLF, TSX: SLF) today announced several enhancements to its Executive Bonus Marketing Program, including a new Business Owner Guide and an updated CE-Approved "Reward to Retain� training presentation. This innovative marketing program is designed to provide financial advisors with the necessary tools to help business owners remain competitive and help recruit and retain top talent. Retaining key employees and executives is essential in today�s economy. A business can be negatively affected when key employees move to competitors for compensation and retirement benefit reasons, such as supplemental income benefit plans. "The presence and influence of economic pressures on jobs and salaries make executive benefit plans crucial in recruiting and retaining key employees,� said Janice A.
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