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Daimler AG Is Continuing Along Its Path of Profitable Growth

Jul 28, 2014

Daimler AG (stock-exchange symbol: DAI) is continuing along its path of profitable growth. In the second quarter of 2014, the Group achieved new record levels of unit sales and revenue and significantly increased its operating profit from ...

Tags: Daimler AG, profitable, Auto Parts

Sumitomo Life Insurance of Japan Will Acquire 40% Stake for Nearly Jpy36.2bn ($354m)

Dec 4, 2013

Sumitomo Life Insurance of Japan has reached an agreement to acquire 40% stake in PT Bank Negara Indonesia's life insurance business for nearly JPY36.2bn ($354m). Sumitomo Life said in a statement that the partnership with BNI and BNI ...

Tags: Service

UK Life Group Resolution Is Negotiating with Prospective Buyers to Divest Lombard Division

Nov 25, 2013

UK-based life insurance group Resolution is, reportedly, negotiating with prospective buyers to divest its Luxembourg-based Lombard division, which markets tax-efficient insurance products to high net-worth individuals. The business that ...

Tags: Life Group, Insurance Business

Generali Group Has Inked an Agreement with Cattolica to to Cattolica for Eur179m

Nov 25, 2013

Italian insurer Generali Group has inked an agreement with Cattolica to divest 100% of the capital of Fata Assicurazioni Danni, in a transaction valued at nearly €179m. Generali noted that the transaction will enable it to further ...

Tags: insurer, Generali Group

Nonlife Insurance Business Will Be Divested by South Korean Lig Group

Nov 25, 2013

Seoul-based LIG Group is planning to divest all shares of its nonlife insurance division, as part of its strategy to gather the required funds to compensate investors for losses from a financial fraud scandal in 2011. Unveiling its ...

Tags: LIG Group, Nonlife Insurance

MGA Insurance's Retail Unit Is Bought by Assuredpartners

Nov 19, 2013

Insurance brokerage firm AssuredPartners, through its Dawson Companies platform, has purchased MGA Property & Casualty Insurance Agency, the retail division of MGA Insurance, for an undisclosed amount. Based in Sarasota, Florida, MGA ...

Tags: Insurance, AssuredPartners

AHM Financial Insurance Unit Is Getted by AssuredPartners in Missouri

Nov 14, 2013

AssuredPartners of Missouri, a subsidiary of insurance brokerage firm AssuredPartners, has acquired all the assets of AHM Financial insurance business for an undisclosed amount. AHM insurance unit, based in St. Louis, offers ...

Tags: AssuredPartners

Travelers Has Acquired The Dominion of Canada General Insurance Company From E-L Financial

Nov 5, 2013

The Travelers Companies, a US-based P&C insurer has acquired The Dominion of Canada General Insurance Company from E-L Financial, to boost its business operations. The cash transaction was valued at nearly $1.1bn, subject to adjustment, ...

Tags: Insurance, E-L Financial

CTSH Announced That Max Life Insurance Has Licensed Cognizant's Trumobi Suite

Nov 4, 2013

Cognizant (CTSH) has announced that Max Life Insurance, India's largest non-bank owned private life insurer, has licensed Cognizant's TruMobi suite as its enterprise mobility platform to help transform the way thousands of its agent ...

Tags: Max Life, Insurance

Zurich Insurance to Take Over Wesfarmers' A$2bn Insurance Business

Nov 4, 2013

Zurich Insurance, a Switzerland-based multi-line insurance provider, is in advanced stages of negotiations to take over Australian firm Wesfarmers' A$2bn insurance business. The Swiss firm has commenced due diligence on the Aussie's ...

Tags: Zurich Insurance, Insurance

Goldman Sachs Group Has Divested a Majority Stake in Its Insurance Business Rothesay Life

Oct 24, 2013

International financial services organization Goldman Sachs Group has divested a majority stake in its UK pension insurance business Rothesay Life to a group of companies. Based on the release by the company, Singapore wealth fund GIC and ...

Tags: Goldman Sachs, Rothesay Life

ACE Group Has Reported Net Income of $916m,of $2.66 Per Share for The Q3 of 2013

Oct 24, 2013

Global multiline property and casualty insurer ACE Group has reported net income of $916m, of $2.66 per share for the third quarter of 2013, up by 43.1% compared to $640m, or $1.86 per share, during the same period last fiscal. ACE ...

Tags: property insurer, casualty insurer

TAL Dai-ichi Has Agreed to Purchase 100% Ownership of NFS Group

Oct 22, 2013

TAL Dai-ichi Life Australia, a unit directly owned by the Dai-ichi Life Insurance Company, and its subsidiaries, has agreed to purchase 100% ownership of NFS Group (National Financial Solutions and its subsidiaries), for an undisclosed sum. ...

Tags: NFS Group, Life Insurance

Swiss Re Is Looking for Viable Options to Divest Aurora National Life Assurance

Oct 17, 2013

Zurich-based Swiss Reinsurance (Swiss Re) is reportedly looking for viable options to divest Aurora National Life Assurance Co, as the company seeks to exit the US life and health insurance market. People familiar with the matter were ...

Tags: Life Insurance, Swiss Reinsurance

L&G Tabled a Bid to Acquire Co-Operative Group's Home Insurance Business

Oct 16, 2013

British insurance and pensions company Legal & General Group (L&G) has tabled a bid to acquire Co-operative Group’s home insurance business. L&G has expressed interest to purchase Co-Operative's household book and not its motor ...

Tags: insurance, Home Insurance Business

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