Assurant shares could double-Barron's
NEW YORK, June 25 Insurer Assurant Inc's shares could double because it is emphasizing fee-based businesses while lowering its exposure to its riskier underwriting business, according to a report in Barron's.
Jan 12 Norway's Financial Supervisory Authority said in a letter to the country's life insurance companies:
* Life insurers should not pay dividends to owners until the firms have completed a mandatory increase of longevity reserves. This includes dividend payments from life insurance units to holding companies
* Holding companies can pay dividends based on profits earned outside of life insurance, but must take into account the overall solidity of the group before they do so Source text in Norwegian: bit.ly/2jy0go5 (Reporting by Terje Solsvik)
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.