South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
PACCAR held an opening ceremony today to launch its new DAF assembly plant in Brasil. The ceremony, led by Mark Pigott, PACCAR chairman and chief executive officer, and Parana Governor, Beto Richa, was attended by state and local ...
Tags: DAF Trucks, PACCAR
Cargill, a US-based agribusiness company, has reported a 41% drop in net earnings to $571m, for the first quarter of 2014 over stale performance in its global grain trading and processing business, affected by 2012 drought. Net sales for ...
Tags: Cargill, Net Profit
New York-based private equity firms J C Flowers & Co and Apollo Global Management are reportedly considering to submit bids for Hartford Financial Services Group’s Japanese annuity business. Three people familiar with the matter ...
Tags: Apollo, Global Management
Commonwealth Annuity and Life Insurance Co, a subsidiary of Global Atlantic, has acquired Aviva USA’s life insurance business following receipt of all necessary regulatory approvals. Global Atlantic Financial Group is a multiline ...
Tags: Life Insurance
The Royal Bank of Scotland (RBS) is to spend more than £300m on a new IT system as it prepares to sell off 314 branches under the Williams & Glyn's moniker. RBS is reviving the Williams & Glyn's name after 30 years, with the ...
Tags: Computer Products, software
Multiline insurance and reinsurance company Global Atlantic Financial Group has signed an agreement to buy Forethought Financial Group, a US-based financial services company with life insurance and annuity operations. Pending regulatory ...
Tags: insurance, reinsurance
A slew of new technologies set to either be released or to go mainstream over the next decade will transform the data centre, a transformation that will go hand-in-hand with a wider revolution in computing that will demand faster and more ...
Tags: Computer Products, software
Scottish insurance and financial services firm Borland Group has acquired the former Carlyle Insurance Group’s Kirkcaldy office, in a bid to strengthen its operations in the country. The acquirer did not reveal the transaction ...
Tags: Borland Group, Service
The Travelers Companies is planning to launch a new private passenger automobile product, Quantum Auto 2.0, which would offer more customized and segmented services, increased competitive pricing features, and new discounts for consumers. ...
Tags: Travelers, Quantum Auto
A foursome of clean energy companies have teamed up to form Eagle LNG Partners, which will expand the growing network of liquefied natural gas fuelling stations in the US. The new organization will develop regional LNG projects to meet ...
Tags: Metallurgy, Mineral, Energy, Clean Energy
New York-based multinational insurance holding company AmTrust Financial Services has inked a contract to acquire the Insco Dico Group, in a transaction worth nearly $85m. Funded through existing working capital, the acquisition is ...
Tags: Service
Securian Financial Group, a US-based financial services holding company, has established a new Voluntary Employee Benefits Group under Minnesota Life Group Insurance, in a bid to enhance its business footprint. The voluntary benefits ...
Allianz Life Insurance Company of North America has released a new indexed variable annuity (IVA), dubbed as Index Advantage, suitable for consumers willing to trade some potential gains from market growth in exchange for protection from ...
Tags: Allianz Life, Insurance
Protective Life has received insurance regulatory approvals required in order for its subsidiary Protective Life Insurance to acquire MONY Life Insurance, as well to reinsure certain policies of MONY Life Insurance Company of America ...
Tags: Protective Life, Mony Life