bancassurer

• “Compensation ING Chief's Pay Soars AMSTERDAM—ING Groep NV said Chief Executive Jan Hommen earned a total of €2.6 million $3.61 million for 2010, more than twice what he received a year earlier, after steering the bailed-out Dutch bancassurer back to profit.”

  The Wall Street Journal: Financial Briefing Book: March 18

• “AMSTERDAM— ING Groep NV said Thursday that Chief Executive Jan Hommen earned a total of €2.6 million $3.61 million for 2010, more than twice the pay he received a year earlier, after he steered the bailed-out Dutch bancassurer back to profit.”

  The Wall Street Journal: ING Chief's Pay Soars

• “The plan is to build the largest bancassurer in China," Mr. de Castries said.”

  The Wall Street Journal: Japan Disaster Claims to Hit AXA

• “And, having little experience in banking and insurance, he was far from the obvious choice to guide the Dutch bancassurer through the biggest crisis in its history.”

  The Wall Street Journal: ING Can Be More With Less, Says the Reluctant Banker

• “ING, the bailed-out bancassurer, said in a presentation on its website that the core Tier 1 capital ratio of its bank, which stood at 9.6% at the end of 2010, would reduce to 8.3% if Basel III were implemented now.”

  The Wall Street Journal: ING Sees Bigger Basel Hit

• “EBS building society has until the end of February to raise its capital while bancassurer insurance firm linked to a bank Irish Life & Permanent has until the end of May.”

  The Guardian: Irish bailout includes emergency ?10bn of aid to stem run on banks

• “When it alighted on Fortis as the best place to kick start its international ambitions, it thought it was allying with a conservative, low-risk European bancassurer in a deal that would prove mutually beneficial.”

  The Wall Street Journal: Ping An Should Put Its Anger Aside

• “Largely disappointing second quarter results demonstrate that despite progress made under Chief Executive Jan Hommen, who has streamlined the business and saved costs, the Dutch bancassurer still has more to do.”

  The Wall Street Journal: ING's Unsteady Progress

• “The Belgo-Dutch bancassurer is now looking to raise €1.5 billion of equity capital, likely to cause a further 5% dilution, on top of €12 billion of shares issued last year in a rights issue to finance the ABN takeover.”

  The Wall Street Journal: Foreigners may have to fight off

• “The bancassurer, which has been effectively nationalised in the face of a €4bn capital hole, did not detail the cost of the acquisition.”

  Telegraph.co.uk - Telegraph online, Daily Telegraph and Sunday Telegraph

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