Europe
Zurich sells shares in New Life China
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
Schneider Electric in talks with Invensys for possible US$5 billion takeover
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
'Super Angels' provide better chances for UK upstarts
Angel investors are saving the upstarts in the UK, according to a Deloitte poll. Recent studies show that a new breed of 'super angel investors' are driving the United Kingdom's economic growth by filling the void left by the absence of traditional venture funds for upstart firms.
Enstar Group buys Torus Insurance
Enstar Grouped acquired Torus Insurance in a US$692 million agreement. Enstar Group announced today that it acquired Torus Insurance for US$692 million.