Industry Views
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Industry Views
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A Consortium Have Won an SAR 11.3 Billion Deal to Build a Water Desalination Plant
Dec 7, 2012A consortium including Samsung Engineering and Shanghai Electric have won an SAR 11.3 billion deal to build a water desalination plant on the Red Sea coast of Saudi Arabia. Saudi's state owned Saline Water Conversion Corporation said that ...
Tags: water and power plant, fuel oil fired plant, water desalination plant
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QBE North America Has Signed a Mult-Year Renewal Agreement with Acrometis
Dec 7, 2012QBE North America, a subsidiary of Australia-based QBE Insurance Group, has signed a mult-year renewal agreement with Acrometis to continue use of its CLAIMExpert workers' compensation managed care platform. The platform will be used to ...
Tags: QBE North America, Acrometis, managed care platform, CLAIMExpert
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UPM Has Announced That The Company Will Negotiate with VPK Packaging Group and Klingele
Dec 7, 2012UPM a Finland-based paper company has announced that the company is set to negotiate with VPK Packaging Group and Klingele Papierwerke for the sale of the assets and part of the land at its French Stracel paper mill. Both the companies ...
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Quindell Portfolio Would Offer a Joint Outsourcing Personal Injury Product to The UK
Dec 7, 2012Quindell Portfolio has expanded its partnership with the law firm Silverbeck Rymer to offer a joint outsourcing personal injury product to the UK claims market. Quindell has also signed a binding agreement to acquire Silverbeck Rymer for ...
Tags: Quindell Portfolio, Silverbeck Rymer, personal injury product, insurance
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UHT Milk Have a Better Environmental Profile When Compared to Disposable HDPE and PET
Dec 7, 2012A Europe-wide life-cycle assessment conducted by Germany-based Institute for Energy and Environmental Research (IFEU) has revealed that carton packs for ultra-high temperature (UHT) milk have a better environmental profile when compared to ...
Tags: Milk Carton, carton packs, milk packaging
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SSQ Would Integrate Symbility Solution Into Its Operations
Dec 7, 2012Symbility Solutions, a wholly-owned subsidiary of Automated Benefits has struck a five year deal with SSQ General Insurance Company, according to which SSQ will integrate Symbility solution into its operations. SSQauto will deploy ...
Tags: Symbility Solutions, Automated Benefits, Symbility solution
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Alteris Has Acquired John Sutak Insurance Brokers
Dec 7, 2012Argo Group International subsidiary Alteris has acquired John Sutak Insurance Brokers, the firm that developed first specialty insurance program for the wine industry, known as WineRe. The acquisition of WineRe program will complement ...
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IP Has Announced The Closure of Its Santa Paula Container Plant by The Middle of June
Dec 7, 2012Paper and packaging giant in the US, International Paper (IP) has announced the closure of its Santa Paula container plant by the middle of June. IP regional general manager Shawn Todino said that the company's acquisition of ...
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PRTC Received an Approval From Lloyd's to Write Political and Trade Credit Risks
Dec 7, 2012XL Group's Political Risk and Trade Credit (PRTC) unit has received an approval from Lloyd's to write political and trade credit risks using the Lloyd's platform. XL Group global head and PRTC chief underwriting officer Richard Maxwell ...
Tags: credit risks, Lloyd's platform, underwriter
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IP and Temple-Inland in The US Have Reached an Agreement with DOJ
Dec 7, 2012Global paper and packaging company International Paper (IP) and Temple-Inland in the US have reached an agreement with Antitrust Division of the US Department of Justice (DOJ) with respect to IP’s acquisition of Temple-Inland for ...
Tags: paper and packaging, corrugated packaging, building products
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PKR 2 Billion Owed to Iran for Oil Will Be Used to Finance The Uma Oya Irrigation Scheme
Dec 7, 2012Sri Lanka will sidestep US led sanctions against Iran by diverting its oil payments towards a water management project that Tehran is funding in the island. Mr Ivan de Silva Sri Lankan water resources secretary said that PKR 2 billion ...
Tags: oil payments, crude oil, water management project, US sanctions
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Dairy Farmers in Isle of Wight Have Introduced a New Milk Brand
Dec 7, 2012Dairy farmers in Isle of Wight,a county in England,have introduced a new milk brand which will be produced,processed and packaged in the county. The new brand which will be known as I love Isle of Wight Milk,will be sold in Tesco and some ...
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Preferred Concepts Would Sign a Definitive Agreement for Acquisition of The Assets
Dec 7, 2012Preferred Concepts, a New York-based insurance program administrator, has signed a definitive agreement for acquisition of the assets of Metro Insurance Services, a national program administrator. As part of the acquisition, Metro founder ...
Tags: Preferred Concepts, insurance program, Metro Insurance Services
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ACE Has Inked a Definitive Agreement to Purchase Fianzas Monterrey in Mexico
Dec 7, 2012Property and casualty insurer ACE has inked a definitive agreement to purchase Fianzas Monterrey in Mexico from New York Life Insurance Company for nearly $285m in cash. Commenting on the deal, ACE chairman & chief executive officer Evan ...
Tags: property insurer, casualty insurer, ACE, life insurance, health insurance
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ACE USA Developed for MID-Sized Clients in The Chemical Industry with Pollution Exposures
Dec 7, 2012ACE USA, the US based retail operations of the ACE Group, has enhanced the coverage for buyers of its combined general liability and pollution policy form ACE PaC, developed for mid-sized clients in the chemical industry with pollution ...
Tags: ACE USA, insurance coverage, ACE PaC, insurance product
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