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British Carrier May Suspend Policyholder Bonus

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NU Online News Service, Jan. 6, 8:03 a.m. – Britannic Group P.L.C., Birmingham, United Kingdom, says its Britannic Assurance unit, a midsize British life insurer, may have to defer its 2002 policyholder bonus to cope with the effects of the stock market slump.

Britannic Group itself may not have enough cash to pay dividends to shareholders, the company warns.