Netherlands based insurer Aegon has signed a 25-year strategic partnership with Spain's Banco Santanderto, to distribute both protection and general insurance products in the country. Under terms of the alliance, the lender will offer ...
Tags: insurer Aegon, Netherlands, general insurance products, Banco Santanderto
When I was a kid, you had to enter the house through a screened-in porch. There at the back door was a long, rustic Colonial style bench, which was painted a muted, grayish blue. If you sat on it, you could look at the rose bushes that ...
Tags: bench, rustic Colonial style, furnishing
London based underwriter Aviva has entered into a settlement agreement to transfer its entire holding in Spanish joint venture (JV) Aseval to lender Bankia for 608m (£494m) in cash, which will be held in trust. Pending receipt of ...
Tags: insurer, insurance, cash earnings, Aviva
Venezuelan lawmakers approved the conditions of USD 417 million of loans from Banco Bilbao Vizcaya Argentaria SA and Japan Bank for International Cooperation to finance transportation projects and a steel plant. The state news agency AVN ...
Tags: loans, steel plant, Caracas-Cua train line
Chile’s peso weakened as copper declined on concern US authorities have made little progress in talks to avoid automatic tax increases and spending cuts. The currency depreciated 0.1% to 481 per US dollar at the close in ...
Tags: copper market, Chilean peso, fiscal cliff
The facility, initially planned for an amount of Euro 1 billion, was significantly oversubscribed with bank commitments reaching in excess of Euro 2.2 billion. This enabled Saint-Gobain to increase the size of the facility to Euro 1.5 ...
Tags: credit facility, construction markets, building materials
Chile's peso gained for the first time in three days as China pledged to keep macroeconomic policies stable and copper, the South American nation's biggest export earner climbed to 6 week high. The official said that China, the Andean ...
Tags: copper market, company from china, china import, copper scrap
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
Zurich Insurance Group (Zurich) has reported a business operating profit (BOP) of $1.13bn for the second quarter of 2012, with a slump of 12% from $1.28bn during the same period last fiscal. Zurich headquartered underwriter said that its ...
Tags: Zurich Insurance, operating profit, net income, insurance
Liberty Mutual Insurance Group, a diversified underwriting start up, has forayed into Ecuador’s insurance arena, riding on two acquisitions including Panamericana de Seguros del Ecuador and Cervantes Compania de Seguros y Reaseguros. ...
Tags: Liberty Mutual Insurance Group, Ecuador, acquisition, insurance
Royal Bank of Scotland (RBS) will dedicate £80m of its billion-pound-plus IT budget to eliminate problems caused by its IT infrastructure being made up of mainframes patched together following multiple corporate acquisitions. Over ...
Tags: RBS, IT budget, IT infrastructure, mainframes
IDG News Service-A mixture of intense excitement and skepticism followed the launch a year ago of Office 365,as backers and critics debated whether the cloud collaboration,productivity and communication suite would succeed. Skeptics said ...
Tags: Office 365, BPOS, OLSB, Microsoft