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China Lowers Insurance Firm's Caps in Stocks
Feb 2, 2017China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
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ITDG Captive Insurance Company Reports a Record Second Quarter
Oct 20, 2014The Independent Tire Dealers Group LLC’s (ITDG) captive insurance company reports a record second quarter. The Independent Innovative Captive Insurance Company (IICIC), a worker’s compensation insurance company, realized a net ...
Tags: ITDG, Results, Accessories
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Nonlife Insurance Business Will Be Divested by South Korean Lig Group
Nov 25, 2013Seoul-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
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11.3% Direct Stake Is Divested by ING in Sulamerica to Swiss Re
Nov 20, 2013Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
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Insurance Firm Taiwan Life Will Be Gotten by CTBC Financial for $904m
Nov 4, 2013CTBC Financial, the parent company of Chinatrust Commercial Bank, has announced plans to acquire the local insurance firm Taiwan Life in a TWD26.6bn ($904m) deal. As per the terms of the agreement, CTBC will take over the insurance firm ...
Tags: Insurance, CTBC Financial
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Shriram General Insurance,Sanlam Is Mulling Over Acquiring Non-Life Insurance Operations
Oct 24, 2013Shriram General Insurance (SGI), the non-life insurance subsidiary of Shriram Capital, and its South African partner Sanlam, are mulling over acquiring non-life insurance operations in Asia, including Malaysia, Indonesia, Vietnam, and ...
Tags: General Insurance, Insurance
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Mapfre Has Purchased a 20% Percent Stake in Indonesia's ABDA
Oct 18, 2013Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
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Fairfax Financial Holdings Has Completed The Acquisition of ASI
Oct 8, 2013Fairfax Financial Holdings has completed the acquisition of Bermuda-based specialty insurance company American Safety Insurance (ASI). Under the terms of the transaction, for each common share of American Safety its shareholders will ...
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Assurant Agreed to Acquire British Mobile Phone Insurance Provider Lifestyle Services
Sep 10, 2013Assurant, a US-based provider of specialty insurance and insurance-related products and services, has agreed to acquire British mobile phone insurance provider Lifestyle Services in an all-cash deal of $160m from Phones 4u Finance. ...
Tags: Assurant, Mobile Phone Insurance
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KIG Added a New Partner Fallaize Insurance Agency of Norcross
Sep 5, 2013Keystone Insurers Group (KIG), a Pennsylvania-based insurance firm, has expanded its presence in Georgia by adding a new partner Fallaize Insurance Agency of Norcross. With the addition of Fallaize, the total number of franchisees for KIG ...
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Beazley Has Unveiled a New Emergency Evacuation Insurance Coverage Known as Beazley Flight
Sep 5, 2013UK-based medical insurance firm Beazley has unveiled a new emergency evacuation insurance coverage, known as Beazley Flight, for its employees. Beazley Flight is a new kind of insurance-based solution that provides clients specialist ...
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IRDA Decided to Fight Against Mis-Selling by Educating Insurance Agents
Sep 3, 2013Indian insurance regulator Insurance Regulatory and Development Authority (IRDA) has decided to fight against mis-selling by educating insurance agents through a training project. The incidences of mis-selling have grown, particularly ...
Tags: Insurance
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IRDA Is Mulling a Proposal to Allow Insurance Companies
Sep 2, 2013Indian Insurance Regulatory and Development Authority (IRDA) is mulling a proposal to allow insurance companies to offer five-years health insurance policies, in a bid to help customers by making renewal process easy. General and ...
Tags: Health Insurers, Service
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DFS Ordered Lloyd's of London to Furnish The Comprehensive Details
Sep 2, 2013The New York Department of Financial Services (DFS) has ordered Lloyd's of London to furnish the comprehensive details about the findings of its internal market investigation over the potential violations of the US sanction laws, while ...
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Simpson McCrady Formed a New Business Unit, Called Capterra Risk Solutions
Aug 26, 2013US-based insurance brokerage company Simpson McCrady has formed a new business unit, called Capterra Risk Solutions, which provides captive insurance coverage for medical benefits and property and casualty losses. The new operation has ...
Tags: insurance, Simpson McCrady