Italy based underwriter Generali is planning to dispose of its non-strategic assets in 2013, to boost its overseas operations and expand into China and the rest of Asia, Eastern Europe and Latin America, and other emerging market. ...
Tags: non-strategic assets, Generali, insurer
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
General Re's former chief executive Ronald Ferguson and four other executives have struck a deal with the US government to prevent a second criminal trial over allegations of creating fake reinsurance transactions to strengthen American ...
Tags: General Re, criminal trial, fake reinsurance, insurance
The Federal Reserve Bank of New York is all set to dispose more than $7bn in face value of “toxic” securities related to the government bailout of American International Group (AIG). The central bank of the US has planned to ...
Tags: NY Fed, face value, government bailout, insurance, AIG
UK-based United Biscuits has completed the separation of snacks division from the rest of the operations, as a part of its plan to sell the company in parts. To lead the snacks division, United Biscuits has appointed the current president ...
Tags: snacks division, biscuits and cakes, domestic and international markets
RBS is looking for viable ways to dispose its car and home insurance business in the UK, which may fetch 7bn pounds. The partly government owned bank abandoned the disposal of the underwriting firm through bid approaches from trade buyers ...
Tags: RBS, car insurance, home insurance, insurance
Australia’s only remaining solar PV panel manufacturer, the Adelaide-based Tindo Solar, has called on the federal government to enforce anti-dumping legislation to stop the flood of cut-price panels from China. The Tindo Solar ...
Tags: industry trends, solar PV panels
Acer,one of the big-five PC vendors,has put back the launch of its own Windows RT tablets following the launch of the Microsoft Surface and the mixed reviews that it has received. The company is unlikely to release a similar product ...
Tags: Acer, Microsoft, Windows Tablets, Microsoft Surface
Vodafone isn't concerned about falling behind EE when it comes to providing 4G,with the firm insisting there will only be mass adoption of the service once the public understand what the new mobile service is. EE,the joint venture of ...
Tags: Vodafone, EE, new mobile service, huge initial rush for 4G
China's leading technology firms Huawei and ZTE pose a threat to national security,warns a draft report by a US Congress committee. The report by the House Permanent Select Committee on Intelligence concludes that both companies should be ...
Despite recent setbacks in its long-running IP dispute with Apple,Samsung's third quarter profits rose by 85 per cent,the firm announced today,largely as a result of strong smartphone sales. Acording to the Financial Times,revenue for the ...
Tags: Samsung, third quarter profits, dispute with Apple, smartphone sales
STOCKHOLM -- Swedish home furnishings giant Ikea is promising increasing transparency after spying and bribery scandals in France and Russia a few years ago, and recent revelations of its complicated tax structure, according to a story by ...
Tags: Ikea
Gap Inc. executives and employees will join nonprofit organizations at a gathering at the San Francisco headquarters to celebrate the 35th anniversary of Gap Foundation. “We’re proud to celebrate 35 years of Gap Inc. employees ...
Tags: anniversary, Gap Foundation, nonprofit organization, milestones
UK mobile operators have agreed to cooperate on getting UK 4G launched, rather than take legal action against Ofcom, the Financial Times has reported. The agreement means Everything Everywhere will launch its 4G service within weeks, ...
Tags: 4G service, fibre networking, Ofcom, Everything Everywhere, O2, Vodafone