Business
Meiji Interested in Taking Stake in Equitable: Tokyo-based Meiji Mutual Life Insurance Co. is interested in taking a stake in Equitable Assurance Society in the U.S., according to a report from Kyodo News Service.
Aug. 16, 1991
California insurance regulators opened a crucial hearing Tuesday into the suitability of Axa-Midi Assurances, a French insurance firm, to own Los Angeles-based Farmers Group.
Feb. 14, 1990
Two of the world’s biggest insurers joined forces Thursday when Axa Group of France put up $1 billion for up to a 49% stake in Equitable Life Assurance Society, the third-largest life insurer in the United States.
July 19, 1991
World & Nation
Axa Midi/Farmers Hearings Begin: Insurance hearings to determine whether Axa Midi of France can buy Farmers Insurance Group of Los Angeles started in Illinois.
Jan. 23, 1990
Claude Bebear, chairman of Axa Midi Assurances, the Paris-based insurance company seeking to buy Farmers Group of Los Angeles, was reported to be recovering from heart-bypass surgery performed Sunday in New York.
Nov. 21, 1989
California insurance regulators on Monday rejected a plan to purchase Los Angeles-based Farmers Insurance Group, dealing a severe blow to a related $21-billion international takeover effort by British financier Sir James Goldsmith.
April 10, 1990
Axa Midi Assurances, the French insurer that would buy Farmers Group if the Los Angeles firm’s parent is taken over, denied Monday that it would finance the acquisition with junk bonds, as critics have claimed.
Oct. 3, 1989
Farmers Holds the Key: Axa Midi Assurances, the Paris-based insurance group that seeks to buy Farmers Group for $4.5 billion if Sir James Goldsmith takes over Farmers’ British parent, BAT Industries, intends to pursue a U.S. presence if its current quest fails, said Axa Chairman Claude Bebear.
Oct. 25, 1989
British financier Sir James Goldsmith said Wednesday that his investment group will sell Los Angeles-based Farmers Group Inc. to a French insurance concern if he succeeds in his hostile bid to buy Farmers’ current parent, BAT Industries.
Aug. 24, 1989
French insurer Axa Midi Assurances accused BAT Industries on Friday of using its Farmers Group subsidiary as a “poison pill” in a takeover battle.
Nov. 18, 1989