Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
UK-based general insurance organization British Insurance Brokers' Association (BIBA) has selected chartered loss adjusters and claims specialist, QuestGates, to manage its new valuation facility. The new BIBA valuation facility will not ...
Tags: Valuation Facility, BIBA
Ashgrove Insurance, a UK-based independent general insurance broker, has acquired Lloyd Howard Insurance Services for an undisclosed amount. Founded in 1920s, the Manchester-based broker Lloyd Howard has a gross written premium worth over ...
Tags: Insurance, Ashgrove Insurance
Hong Kong insurance industry has reported gross premiums of $143.7bn in the first half ended on 30 June 2013 (H1), up 14.5%, compared during the same period in 2012, according to the Office of the Commissioner of Insurance. For the long ...
Tags: Insurance
Indian Insurance Regulatory and Development Authority (IRDA) is mulling a proposal to allow insurance companies to offer five-years health insurance policies, in a bid to help customers by making renewal process easy. General and ...
Tags: Health Insurers, Service
Suncorp Group has reported a net profit after tax of $491m for the full year 2013, a decrease of 32% compared to $724m last fiscal. The drop in profits is mainly due to $632m loss after tax from resolution of the Non-core Bank. Profit ...
Tags: Suncorp Group, Net Profit
Australian general insurer QBE Insurance Group has posted a net profit of $477m for the first half of 2013, a decline of 37% compared to $760m for the same period last year. Underwriting profit grew by 2% to $530m for the first half of ...
Tags: Insurance, general insurer
Zurich Insurance Group has posted a net income after tax attributable to shareholders of $1.85bn for the first-half ended on 30 June 2013, a decline of 17% compared to $2.22bn for the same period last year. During the period, business ...
Tags: Zurich Insurance, Insurance
Apollo Global Management (Apollo) has agreed to provide a set of heightened policyholder protections as part of Athene Holding's proposed acquisition of Aviva Life and Annuity Company of New York (Aviva New York). The New York's ...
Tags: Apollo, Policyholder Protections
EGI Financial (EGI) has inked a definitive stock purchase agreement with a specialty insurance firm, White Pine Insurance Company (White Pine), to dispose of its US non-standard automobile insurance operations. Based on the agreement, ...
Tags: EGI Financial
British multinational life insurance company Aviva and Bank Zachodni WBK have reached an agreement to expand their ongoing strategic partnership in Poland until 2033. As per terms of the agreement, the UK-based insurer will increase its ...
Tags: Aviva, Zachodni WBK
HSBC and Zurich Insurance have launched a new wealth product named SavingsPlus in the Middle East, as part of their 10-year partnership agreement to distribute life and general insurance products. The new product is expected to address ...
Tags: Zurich Insurance, HSBC
India-based Reliance General Insurance is planning to launch a new health insurance policy called ‘Reliance Healthgain’ in August 2013 to support healthcare needs of women. The company will offer a 5% discount on the entire ...
Multinational quoted insurance group RSA Insurance has been appointed by Police Mutual to write its home insurance product, marking an extension of their 20-year partnership on motor insurance. RSA personal lines broker affinity ...
Tags: Insurance, Service, motor insurance
Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...