Associated British Foods today (10 September) revealed it had taken an impairment charge of A$150m (US$155m) on its Australian meat business as it battles "difficult" trading conditions in the market. The UK-listed group announced the ...
Tags: Australia, ABF, impairment charge, meat business
International retail unit of the global insurance broker, Willis International has expanded its business with the creation of three regional business units under a new and expanded leadership. Willis International has appointed Adam ...
Tags: global insurance broker, Willis International, Adam Garrard
MD Insurance Services UK (MDIS) has deployed Sapiens International's Sapiens IDIT software suite for offering buildings warranty insurance, to cover their 10 year guarantees. To be implemented as MDIS new web-based policy administration ...
Tags: MD Insurance Services, Sapiens International's Sapiens IDIT
Property and casualty insurer ACE has named Luc Reuter as senior vice president and head of Surety, Europe, as it expands its international surety capabilities into Continental Europe region. Based in Frankfurt, Luc will develop and ...
Tags: property and casualty insurer, ACE, Luc Reuter, senior vice president
The Navigators Group, a commercial property/casualty insurer, has implemented AIR Worldwide's CLASIC/2 and CATRADER modeling technologies to manage its global catastrophe business. The catastrophe models are expected to be used by the ...
Tags: Navigators Group, commercial property/casualty insurer, AIR Worldwide
CGI International Group, one of Europe’s leading independent manufacturers of fire resistant glazing marketed under the Pyroguard brand, has reinforced its European reach with the creation of CGI France – a new trading entity. ...
Tags: CGI International Group, fire resistant glazing, new trading entity
ACE Group, a provider of insurance and reinsurance services has made new appointments to its Continental Europe team in a bid to boost investment in its information technology insurance segment. ACE Continental and Central and Eastern ...
Tags: ACE Group, insurance and reinsurance services, insurance services
Packaging papers manufacturer in Australia PaperlinX is set to implement restructuring and cost reduction initiatives in its businesses in the UK, in a bid to cater to the ongoing depressed trading conditions in Europe. The company will ...
Tags: Packaging, diversified range of products, depressed trading
Property and casualty insurer ACE has promoted Lauretta Alberti as senior environmental insurance underwriter for the Benelux and Nordic region. Lauretta will report to Dorothee Prunier, environmental insurance manager, continental Europe ...
Tags: ACE, Lauretta Alberti, environmental insurance, insurance
British sportscar manufacturer Aston Martin has unveiled the new Vanquish sports car, which will be the successor to the current DBS model. The new sports car will be powered by a 6.0litre V12 petrol engine, features company's dual ...
Tags: Aston Martin, Vanquish sports, DBS model
McCain Foods,a frozen food company based in Canada,has entered into an agreement to acquire the potato unit of Belgian frozen vegetables producer PinguinLutosa for EUR225m. The acquisition includes Lutosa's operations in ...
Tags: frozen food, agreement, acquire, potato
The ACE Group, a provider of insurance and reinsurance services, has made two new management appointments within its Continental Europe region, with an aim to boost underwriting capabilities across the region. The insurer said that Jerome ...
Tags: ACE Group, insurance, reinsurance, management appointment
New York based insurer the Navigators Group has appointed Jennifer Yang as chief risk officer, who will oversee its enterprise risk management worldwide. The company said that Yang will report to Ciro M DeFalco, senior vice president and ...
Tags: Navigators Group, chief risk officer, risk management, insurance
Chesapeake Pharmaceutical and Healthcare Packaging has acquired Pharmapost, a manufacturer of pharmaceutical leaflets, from its parent company Cegedim. The transaction was finalized on the 30 April 2012 and the other terms related to ...
Tags: transaction, Pharmapost, expansion
Global aluminum rolling and recycling company Novelis has broken ground on a $250m aluminum recycling and casting center at its Nachterstedt plant in Germany. The center will annually produce 400,000 metric tons of aluminum sheet ingot ...
Tags: aluminum recycling, Metallurgy, Energy