The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Chase Shops Insurance, Annuity Businesses Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 07, 2005

Chase Shops Insurance, Annuity Businesses

by: Sean Hanna, Editor in Chief

J.P. Morgan Chase & Co. is shopping the life insurance and annuity business it acquired with Bank One, reports the Wall Street Journal on Monday. The paper basis its report on "people familiar with the situation," and explains the sale is a recognition that individuals do not want to buy all of their financial services from one seller.

The sales process is in "the early stages" the paper adds and the bank has yet to identify buyers or set a price.

Bank One purchased the business from Zurich Financial Services Group for $500 million six months before the bank's announced their merger last year. The insurance unit earned $48 million on revenue of $393 million in 2004, according to the paper.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use