US insurance brokerage firm, Hub International Insurance Services has appointed Mary Castiglia as senior vice president of its San Francisco commercial division. Operating from the company's newest locations at 3 Embarcadero, Suite 560 in ...
National Financial Partners (NFP) has completed acquisition of Thoits Insurance Services, a California-based provider of property & casualty (P&C) insurance, effective from 03 April 2013. As part of the acquisition, Thotis Insurance will ...
Genworth US Mortgage Insurance (USMI) has agreed to settle the review of industry captive reinsurance arrangements with the Consumer Financial Protection Bureau (CFPB) Based on the terms of the agreement, Genworth will reimburse $4.5m ...
Tags: Genworth USMI, CFPB
General insurance provider AXA UK has appointed Ian Brimecome as chairman of the board with immediate effect, who has been serving as a non-executive director of the company in the UK for six years. With more than 30 years of expertise of ...
Tags: General insurance, insurance, financial services industry
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products
THE Standard & Poor's 500-stock index has rallied to the second-highest close in its history, as investors shrugged off eurozone concerns. The S&P500 closed up 12.08 points, or 0.78 per cent, to 1563.77, just shy of its October 2007 peak ...
US stocks moved lower as prices took a hit from continued uncertainty about the fate of a bailout plan for banks in Cyprus and weakness in technology shares. The Dow Jones Industrial Average shed 90.24 points, or 0.6 per cent, to ...
Genworth Financial is planning to suspended sale of its individual long term care insurance products, California Choice and Choice Partnership, in California, US, effective from 21 March 2013. The temporary suspension follows the ...
Tags: Genworth Financial, care insurance products, California
US life insurer MetLife is likely in the process of selling its UK bulk annuities business, MetLife Assurance Limited, in a deal which might be valued around pound 1bn, in a bid to consolidate its operations. The sale is part of the ...
Standard Life is reportedly engaged in discussions with Newton Investment Management over a potential deal to acquire wealth management unit in a deal expected to be finalized around pound 90m. The deal is expected to be announced soon, ...
Tags: Standard Life, Newton Investment Management, wealth management unit
Aditya Birla Nuvo reports results for quarter ended 31st December 2012 -Revenue grew by 10 per cent to Rs.6, 305 crore -EBITDA rose by 29 per cent to Rs.1, 090 crore -Net profit surged by 28 per cent to Rs.323 crore For the ...
Tags: Fashion Retail, Sales, Aditya Nuvo
Genworth Financial has reported net income of $166m, or $0.34 per diluted share for the fourth quarter of 2012, compared to $142m, or $0.29 during the same period previous year. Net operating income stood at was $167m, or $0.34 per ...
US-based underwriter NexTier Insurance Services has acquired Armstrong Insurance Services, for an undisclosed sum. Based on the term of the agreement, former owners of Armstrong Insurance Alan Bowser and John Armitage will work with ...
Genworth Financial has appointed Michael Derstine as the new chief risk officer (CRO) for its US Mortgage Insurance (USMI) unit, effective from 03 January 2013. Derstine joins Genworth from Republic Mortgage Insurance Company (RMIC), ...
Tags: USMI, Genworth Financial, Michael Derstine, CRO
New York Life has elected Annamaria Banaszek, Craig DeSanto and John DiRago as senior vice presidents of the company and will report to Chris Blunt, president of the Insurance Group. Banaszek will serve as head of the Group's Wealth ...
Tags: New York Life, Annamaria Banaszek, Craig DeSanto, John DiRago