Macquarie Group, Principal Financial Group (PFG) in the US and Singapore based United Overseas Bank have submitted their bids to takeover ING’s Asian asset management business. The deal is expected to be valued at $500m to $600m, as ...
ACE Group, a multiline property and casualty insurer has promoted two officers with immediate effect as part of its efforts to strengthen its management and underwriting team. Current Major Risks casualty manager Mike Reid has been ...
Tags: ACE Group, casualty insurance, insurance industry, insurance
The FESPA General Assembly has unanimously agreed to allow international Associate Members outside Europe full voting rights. This significant constitutional change falls on the 50th anniversary of the organisation. This latest structural ...
Sofitel So Bangkok, the city’s first truly urban design hotel, unveiled its unique executive lounge, Club Signature, a masterpiece of high fashion dedicated to the high life inspired by legendary couturier Mr. Christian Lacroix. ...
Tags: rich textures, urban design hotel, design hotel, high fashion
Zurich has named Vinicio Cellerini as chief executive officer (CEO) of global corporate in the UK (GCUK), effective August 1, 2012. Cellerini will replace Ann Haugh who has been named as chief of staff for Zurich Insurance Group effective ...
Tags: Zurich, Vinicio Cellerini, UK company, insurance
Insurance and healthcare firm Max India is likely to offload nearly 5% stake in its life insurance joint venture, Max Life Insurance, with Mitsui Sumitomo Insurance, to long-term foreign financial investors. The move follows the recent ...
Tags: India, insurance, healthcare, life insurance
British Insurance firm Aviva's chief executive officer Andrew Moss has stepped down from his position with immediate effect after shareholder revolt over pay. The board has requested chairman designate John McFarlane to become ...
Tags: Aviva, Andrew Moss, insurance company, insurance
ACE Group has appointed three new key executives within its Europe, Middle East and Africa (EMEA) travel team, with a strategy to build its travel business across the region. The US underwriter has promoted Emma Bazard, currently acting ...
Tags: ACE Group, travel business, executives, insurance, travel insurance
Japanese multinational conglomerate Nomura is seriously mulling to dispose or refinance its ING’s insurance unit in Japan, particularly its variable annuity business, with an aim to boost its capital base. A consortium including ...
Tags: Nomura, capital base, ING, insurance
The Massachusetts Mutual Life Insurance Company (MassMutual) has appointed Peter Hoopis, CLU, ChFC, CLF to lead its newly launched general agency, Hoopis Financial Group in Deerfield, Illinois, US. MassMutual's senior vice president of ...
Tags: Massachusetts Mutual Life Insurance, Peter Hoopis, life insurance
Pacific Sunwear of California,Inc.hosted the inaugural'Common Threads'event,an industry celebration honoring companies and people who have been influential and inspirational this past year,on Saturday,December 1 at Lot 613 in downtown Los ...
Tags: Common Threads, fashion, music, art, action sports industries
Guggenheim Life, the underwriting business unit of Guggenheim Partners, is gearing up to acquire some, or all, of Aviva US, for expected purchase price of 800m p ($1.25bn). With $160bn assets, Guggenheim has plans to increase its ...
Tags: Guggenheim Life, acquisition, Aviva US, purchase price
Markel American Insurance has spun off Markel Cyclist, a new bicycle insurance program designed to offer specialized protection for cyclists. The underwriter claims that it has created the program with an aim to allow cyclists to create ...
Tags: Markel American Insurance, bicycle insurance, insurance
US based life insurer National Western Life Insurance Company reported that its revenue rose by 9% to $196.7m for the first quarter in 2012, compared to revenue of $180.37m during the same quarter previous year. Operating revenues, ...
Tags: National Western Life Insurance, quarter 1 revenue, insurance, revenue
Platinum Underwriters Holdings has reported that its net income for the second quarter of 2012 was $67.5m and diluted earnings per common share of $1.97, compared to a net loss of $20.4m during the corresponding period earlier fiscal. For ...
Tags: Holdings, net income, quarter 2, insurance