Canada based financial services group Manulife Financial has acquired Benesure Canada, a third party administrator and distributor of life and disability creditor insurance services for mortgage brokers, in an undisclosed deal. Following ...
Tags: Manulife Financial, Benesure Canada, acquisition, life insurance
XL Group has named Eileen Whelley as executive vice president, chief human resources officer for the firm, who will replace Elizabeth L Reeves, after her retirement. Whelley will take charge from 18 June 2012, and report to XL chief ...
Tags: XL Group, Eileen Whelley, executive vice president, leadership team
US based property and casualty insurer Tower Group has acquired a miniority stake of 8.5% in Cinium Financial Services for $7m in the form of convertible senior notes, which are due in 2026. The underwriter said that the recent investment ...
Tags: ower Group, Cinium Financial Services, stake, acquisition
Oxford Industries Inc. announced that J. Hicks Lanier has informed the company's board of directors that he plans to retire as chief executive officer effective as of December 31, 2012. Mr. Lanier will continue to serve as chairman of the ...
Zurich-based DKSH is planning to open its second innovation center in Mumbai, India by the end of this month for an undisclosed amount. The initiative is a part of its strategy to help confectionery and bakery products manufacturers to ...
Tags: innovation center, confectionery and bakery products manufacturers
CSA Group, a leading global product certification and testing organization today announces that it has acquired Orb Optronix, a privately-held, industry-leading LED test and measurement, products and engineering services company located in ...
Tags: LEDs Lighting, CSA, Lighting testing
"CSA Group's acquisition of Orb Optronix is at the core of our commitment to accelerate our market presence and breadth of offerings for the lighting industry," says Richard Weiser, Vice President, U.S. and Mexico, CSA Group. "This purchase ...
Tags: CSA, lighting industry, Richard Weiser
Tom Baker, head of ICT at Sunderland City Council, has an office in the council's datacentre. It is not a bad place to have an office because the datacentre has been somewhat rejuvenated, thanks in part to modern IT that takes up far less ...
Tags: Interview, ICT, datacentre, commercial IT, cloud computing infrastructure
The number of global IT services deals with a cloud computing element have tripled since 2010,according to research from IT outsourcing consultancy Information Services Group(ISG). ISG used its TPI index to analyse IT outsourcing deals ...
Tags: IT, Cloud Computing, ISG, IT services, Outsourcing
CSA Group, a leading global product certification and testing organization today announces that it has acquired Orb Optronix, a privately-held, industry-leading LED test and measurement, products, and engineering services company located in ...
Tags: LED Lighting
Robbins & Myers Energy Services Group offers the Guardian II Variable Speed Drive (VFD), an advanced technology digital solution for effective oil and gas well production control. The Guardian II VFD is specifically designed to operate PCP ...
Tags: market view, pump
Mega-deals are driving increased total spending on outsourcing in Europe, which had the highest total spend of all global regions in the third quarter of this year. European businesses increased outsourcing investments by 14% in the third ...
Tags: Mega-deals, total spending, global regions, outsourcing investments
Chip manufacturer Intel is to let go of a "small percentage" of the workforce at its McAfee computer security business. Intel completed its acquisition of McAfee in February 2011 for $7.7bn (£4.8bn). At the time, Renée James, ...
Tags: Intel, Mcafee, Atom Z2760, chip manufacturer
The Otto Group distances itself from the move towards introducing a standard software package for the entire Group. Instead, all companies in the Otto Group will now plan and implement their own IT solutions. Under the slogan 'Passion for ...
Tags: Otto, IT systems, IT solutions, web retailer
The Hartford has appointed Matthew Kirk as senior vice president of sales and distribution for the company's commercial markets division and will report to commercial markets president Doug Elliot. The US underwriter also has promoted Jay ...
Tags: underwriter, Hartford, senior vice president, insurance