The market is impressed that Liddy is taking decisive action.
They have had more success than other foreign insurers, because of their history. To win in that market depends on being able to win the regulator game. A high-level government official is going to help.
They are taking a hit now with the expectation of this settlement on market timing.
Both companies are dedicated to advancing to a broader array of investment products. This merger will give them bulk and more marketing channels.