Share Name Share Symbol Market Type Share ISIN Share Description
Old Mutual LSE:OML London Ordinary Share GB00B77J0862 ORD 11 3/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 210.90p 211.10p 211.30p - - - 0 05:00:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Life Insurance 4,225.0 617.0 19.3 10.9 10,422.78

Travelers Companies, St.Paul Fire & Marine Insurance Lodge Claim, Says Old Mutual

13/03/2018 7:52am

Dow Jones News


Old Mutual (LSE:OML)
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1 Year : From Nov 2017 to Nov 2018

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By Maryam Cockar

 

Old Mutual PLC (OML.LN) said Tuesday that The Travelers Companies Inc. and St. Paul Fire & Marine Insurance Co. have lodged a claim in a U.S. court against Old Mutual related to previously disposed U.S. assets.

The FTSE 100-listed banking group said the claim lodged in the district court of New York was related to pre-existing head office legacy items.

Old Mutual said it believes that the claim is "without merit and we will resist accordingly."

The company said that it expects the "managed separation" of the assets to be completed by the end of 2018.

 

Write to Maryam Cockar at maryam.cockar@dowjones.com

 

(END) Dow Jones Newswires

March 13, 2018 03:37 ET (07:37 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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