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Generali Group Has Inked an Agreement with Cattolica to to Cattolica for Eur179m
Nov 25, 2013Italian 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
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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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SCOR Group Has Acquired The US Life Reinsurance Business of Generali Group
Oct 8, 2013French diversified financial service conglomerate SCOR Group has acquired the US life reinsurance business of Italy-based insurer Generali Group, for total gross proceeds of $910m in a combination of cash and collateral. The acquisition, ...
Tags: SCOR Group, Life Reinsurance
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Lloyd's Has Posted a Profit of $2.1bn for The Six-Month Period Ended on 30 June 2013
Sep 27, 2013Global insurance market Lloyd's has posted a profit of $2.1bn for the six-month period ended on 30 June 2013, compared to $2.4bn recorded during the corresponding period last fiscal. Gross written premium increased by 4.9% to $23.9bn from ...
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CIMB Group Is Seriously Exploring Options to Divest Certain Stake in Indonesian
Sep 16, 2013Malaysia-based diversified financial conglomerate CIMB Group is seriously exploring options to divest certain stake in Indonesian life-insurance joint venture (JV), PT CIMB Sun Life, to leverage growth opportunities in Southeast Asia. ...
Tags: Life-Insurance, CIMB Mulls
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ERGO Insurance Launched a Joint Venture ERGO China Life to Offer Life Insurance
Sep 10, 2013The ERGO Insurance Group, which is part of the Munich Re Group, has launched a joint venture (JV) ERGO China Life to offer life insurance to private customers in the Chinese province of Shangdong. Shandong is said to be the third largest ...
Tags: ERGO Insurance, China Life
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Ping an Insurance Rises 28.3% Year on Year
Sep 2, 2013Ping An Insurance (Group) Company of China Limited (SHSE: 601318 and SEHK: 2318) revealed net profit attributable to shareholders of CNY 17.91 billion in the first half of 2013, rising 28.3% year on year. EPS were CNY 2.26. Net assets per ...
Tags: Insurance
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Generali Entered Into an Agreement to Dispose of Its US Life Reinsurance Business to SCOR
Jun 6, 2013Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
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China's Social Insurance Fund Was Budgeted to Record Incomes of CNY3.2829 Trillion
May 10, 2013China's social insurance fund was budgeted to record incomes of CNY 3.2829 trillion in 2013, growing 9.9% over a year earlier, according to the Ministry of Finance. Premium income will hit CNY 2.4664 trillion; financial subsidies will be ...
Tags: Social Insurance, Insurance
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The Insurance Industry Provided 4.9 Trillion Yuan for Heilongjiang
Mar 12, 2013In 2012, Heilongjiang Province’s insurance income was 34.415 billion yuan, 4.9 trillion yuan of risk protection for the economic construction and people's production and life in Heilongjiang Province. As of the end of 2012, there ...
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Shanghai Branch of NCI Insurance Achieved Great Performance
Mar 11, 2013The first two months in 2013, NCI’s branch achieved a great performance, to February 28, the premium was 1.315 billion yuan, of which 72.94 million yuan was risk premiums, continue to rank the top the third of life insurance market in ...
Tags: Shanghai Branch, NCI Insurance, NCI branch
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Xicato Announced a New Warranty Program
Feb 18, 2013Xicato, a leading developer of LED modules for retail, hospitality and architectural environments, today announced a new warranty program that sets an entirely new benchmark for the lighting industry. The Xicato “Five-Year Color ...
Tags: Lighting Industry, LED modules, LED lighting
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Argo Group Established The First Sidecar for The 2013 Accident Year
Jan 9, 2013Argo Group International Holdings, a Bermuda-based underwriter of specialty insurance and reinsurance products, has established the first sidecar for the 2013 accident year. Named Harambee Re 2013-1, the newly set up sidecar, will support ...
Tags: Argo Group, insurance products, reinsurance products, insurance
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Germany Based Insurer Allianz Is Likely to Merge Its Two Operations in Belgium
Dec 14, 2012Germany based insurer Allianz is likely to merge its two operations in Belgium (including Luxembourg) and Netherlands, in a bid to boost its footprint in the Benelux region. The integrated entity will be named as Allianz Benelux and ...
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Generali France Entered Into a 10 Year Agreement to Manage Life Insurance Policies
Dec 13, 2012Generali France has entered into a 10 year agreement with Accenture to manage a portfolio of over 100,000 individual life insurance policies, which are no longer underwritten, marketed or promoted by the insurer. Based on the agreement, ...
Tags: Generali France, portfolio, insurance policy, insurance
