North American supplier of containers and closures Berlin Packaging has announced the acquisition of Lerman Container, a packaging distributor in the US, for an undisclosed amount. The acquisition will expand Berlin Packaging's presence ...
Prudential Insurance has struck a deal with General Motors, which will allow Prudential to assume certain salaried retiree benefit obligations as part of GM’s plan to reduce pension obligations by nearly $26bn. The agreement is ...
Tags: Prudential Insurance, General Motors, retiree benefit, insurance
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
New York Life Insurance Company has appointed money management executive Gerald Smith as a new member of the company’s board of directors, effective from 1 November 2012. Smith currently serves as chairman and CEO at his co-founded ...
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Prudential Financial, a diversified US financial conglomerate net income has boosted by 182% to $2.2bn for the second quarter of 2012, against a net income of $779m during the year ago quarter. For the latest quarter period, its net ...
Tags: Prudential Financial, net income, quarter 2, financial conglomerate
Pennsylvania-based Erie Indemnity (ERIE) has appointed Robert Ingram III as its new executive vice president and chief information officer (CIO), effective from 13 August 2012. Ingram, in his new role will oversee the ongoing design of ...
Tags: Erie Indemnity, Robert Ingram III, insurance, insurance company
Fairfax Financial Holdings has entered into an agreement with UK’s Thomas Cook (TC) Group to acquire 77% interest in Thomas Cook (India) for Rs50 per share totalling to nearly Rs8.17bn ($150m). Subject to customary conditions, the ...
Tags: Fairfax Financial Holdings, Thomas Cook, interest, India
Fairfax Financial Holdings has acquired the entire outstanding shares of London-based Brit Insurance, following the receipt of all regulatory approvals. The $300m acquisition was carried out through its runoff subsidiary RiverStone based ...
Tags: acquisition, RiverStone, Brit Insurance, insurance, reinsurance
ING has appointment Delfin Rueda and Dorothee van Vredenburch as members of the Management Board Insurance EurAsia (MBE), effective from 1 November 2012. As a chief financial officer (CFO) within the MBE, Rueda will be responsible for all ...
Tags: Ing, Vredenburch, management board, ING Insurance
Clearwater Analytics and Brown Brothers Harriman & Co. (BBH) have signed a joint servicing relationship agreement. The agreement combines global custody services, specialized investment management and banking from BBH as well as ...
Tags: Clearwater Analytics, joint servicing, Brown Brothers Harriman
Sun Life Financial(SLF)has inked a definitive agreement to dispose of its domestic US annuity and certain life insurance businesses for$1.35bn to Delaware Life,a company owned by shareholders of Guggenheim Partners. The transaction ...
Tags: service, Sun Life Financial, transaction
The board of Paperlinx has been overhauled with the resignation of a fourth director and the appointment of a new chairman and a non-executive director. Michael Barker has been appointed chairman with immediate effect, thus ensuring an ...
The SSL architectural lighting retrofit will enable dynamic light shows with 16 million colors that the building owner will customize for tenants and activities such as holiday celebrations. A landmark Florida office building called Miami ...
Tags: led light
Miami Tower,an iconic symbol of the city,is making a dramatic new statement in the downtown skyline with the recent adoption of a state-of-the-art exterior LED lighting system. The advanced LED system will reduce related lighting energy ...
Tags: Miami Tower, LED, lighting
AllianceBernstein, an investment management firm has appointed Andrew C Terry as senior client advisor to its insurance services team, who will assist in delivering tailored solutions to meet clients' unique investment needs. According to ...