MGM seeks cash boost from sale
Saturday 14 July 2012
Related articles
One of the oldest names in British life insurance has been put up for sale with a potential price tag of £200m.
MGM Advantage is a mutual insurer that dates back to 1852.
The investment bank Evercore has been appointed to seek buyers, with management including chief executive Chris Evans said to be hoping that a private equity firm will be willing to inject cash into the business to bolster its financial strength.
MGM has assets of £1.9m, which it looks after on behalf of 17,000 members.
-
Serena Williams apologises after comment that rape victim 'shouldn't have put herself in that position'
-
Bankers could face jail after report urges the Government to introduce new criminal offence for reckless management
-
Feat of engineering: Incredible photographs show construction beneath New York's Second Avenue
-
World news in pictures
-
Google challenges US surveillance gagging order
- 1 Serena Williams apologises after comment that rape victim 'shouldn't have put herself in that position'
- 2 Disability campaigners celebrate 'victory' after government rethink over plans to make it more difficult to claim disability benefits
- 3 Bankers could face jail after report urges the Government to introduce new criminal offence for reckless management
- 4 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 5 We never knew Nigella Lawson - and we still don’t
How will you make today delicious?
Tell us how you plan to make today delicious and you could win a £50 M&S gift card.
Win a Nook® Simple Touch eReader
Find out how Nook® is supporting the Evening Standard's Get Reading campaign - and your chance to win one.
Free reading festival for families
Follow The Standard's campaign to get London's children reading - and experience this unique event at Trafalgar Square on 13 July.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
iJobs Money & Business
FX Options Front Office Java / C# Developer
£500 - £600 per day: Orgtel: FX Options Front Office Java / C# Developer - Ba...
Project Manager - Front Office - Regulatory IT
£600 - £700 per day: Orgtel: Project Manager - Front Office - Regulatory IT C...
FATCA Project Manager
£600 - £750 per day: Orgtel: FATCA Project Manager - Banking - London - £600-...
Fidessa Analyst / PM - Banking - London - £600pd
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
Day In a Page
First night: The Cripple of Inishmaan
Scandi-geeks descend on Nordicana for fan-convention
Female aristocrats battle to inherit the title



Comments