March 18, 2008 15:47 ET

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

LONDON, UNITED KINGDOM--(Marketwire - March 18, 2008) - announces that a new market research report related to the Financial services industry is available in its catalogue.

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

This tracker covers merger/acquisition activity globally in the life and pensions space. It also highlights the strategic partnerships, and expansion (or contraction) of existing businesses. There is also a special focus on the important emerging markets: China, India, CEE and the Middle East.

The tracker covers the M&A and partnership activities of the largest global and regional life and pensions companies. It provides an update of each player's activities in this area and a roundup chapter which offers readers a summary of key trends in that quarter. The tracker is global in coverage, therefore encompassing market entry strategies as well as domestic M&A activity.

The key developments in M&A and partnership activity in the life market have once again centered around expansion into Central and Eastern Europe and Asia; and partnership with distributors to improve reach. In Q4 2007 there has been an increased level of activity in outsourcing of Life books and of partnering with experts in technology.

Expansion into Asia has been a key theme for all of 2007. This trend has increased in pace in Q4 as international players such as Aviva and Axa look to subsidize their slowing businesses in Europe and the US.

Understand the competitor activity in your market and potential threats and opportunities - Gain insight into your competitor's strategic movements - Keep up to date with the latest developments and activity in your market.

Table of Contents 1

The Roundup 2

Expansion into Asian and CEE markets has continued in Q4 2007 2

Russia has emerged as the key expansion target within Central and Eastern Europe 2

Expansion activity has increased in Latin America during Q4 2007 2

Distribution networks are built through acquisition and partnerships 2

Providers are looking for ways to cut costs and increasingly outsourcing sections of their business 2

The Developments 4


AIG Europe opens Newcastle office - Oct 2007 4

Allianz 4

Allianz SpA starts up in Italy - Oct 2007 4

Aviva plc 4

Aviva opens sales office in Russia - Oct 07 4

Aviva Russia opens office in Yekaterinburg - Dec 2007 4

Aviva Australia acquires stake in Meritum Financial Group - Dec 2007 4

Aviva China joint venture receives Jiangsu branch licence - Nov 2007 5

Aviva Russia opens new sales office in Tatarstan - Nov 2007 5

Aviva and Bank Zachodni WBK and Commercial Union sign Polish bancassurance agreement - Nov 2007 5

Aviva Canada Inc demonstrates support of the independent broker channel - Nov 2007 5

Aviva obtains regulatory permission for joint venture in Taiwan - Nov 2007 5

Aviva completes acquistion of Hamilton companies and enters new distribution agreements - Nov 2007 6

Aviva opens branch in the Czech Republic - Oct 2007 6

Delta Lloyd group relinquishes its interest in ABN AMRO Holding NV - Oct 2007 6


AXA acquires stake in Russian company - December 07 6

AXA creates AXA Bank Europe- December 07 6

AXA extends partnership with BMPS - November 07 6

AXA, BMPS to establish Italian business - October 07 7

Friends Provident 7

Friends Provident terminates merger agreement - Oct 07 7

Hibernian Life 7

Hibernian to open branch in Navan - Oct 07 7

HSBC Holdings 7


ING to acquire Argentina's leading pension and annuity business - Nov 8

ING reaches partnership agreement with Piraeus Bank - Oct 07 8

Manulife 9

Manulife-Sinochem to open sales office in Yantai - Dec 07 9

Merrill Lynch 9

Merrill Lynch and AEGON finalize strategic relationship; AEGON completes acquisition of Merrill Lynch Life Insurance Companies - Dec 07 9


Nordea signs agreement to open new branches - Oct 07 9

Prudential 10

Prudential UK announces outsourcing partnership to support delivery of target cost savings 10

Prudential US 10

Prudential expands its retirement business - Nov 07 10

Santander 10

Santander reaches an agreement with ING Groep - Nov 07 10

Standard Life 10

MLC and Standard Life Wrap form partnership - Nov 07 10

Standard Life plc increase in Indian JV stake - December 07 10

The Hartford 11

The Hartford to acquire TopNoggin - December 07 11

The Hartford to acquire Princeton Retirement Group - December 07 11

Zurich 11

Zurich acquires DWS Vita SpA in Italy - December 07 11


Methodology 14

Further reading 14

Ask the analyst 14

Datamonitor consulting 14

Disclaimer 15

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

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