BRIEF-Emergent Capital announces supplement no. 1 to exchange offer
* Emergent Capital announces supplement no. 1 to exchange offer Source text for Eikon: Further company coverage:
(Corrects annual premiums in paragraph 1 to over C$2 billion, from $2 billion)
May 2 Canadian insurer Intact Financial Corp said it would buy OneBeacon Insurance Group Ltd for $1.7 billion, creating a North American specialty insurance company with over C$2 billion ($1.46 billion) of annual premiums.
The $18.10 cash offer represented a 15.3 percent premium to OneBeacon's Tuesday close. ($1 = 1.3710 Canadian dollars) (Reporting by Arunima Banerjee in Bengaluru; Editing by Maju Samuel)
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.