Aviva, a UK-based insurance group, is planning to reduce its offices from 30 to 17 over the next two years and cut about 80 jobs. The company made the decision, on the basis of feedback from its brokers, to expand its Broker Onsite ...
Prudential Financial’s Individual Life Insurance business is planning to launch BenefitAccess rider on its PruLife Universal Protector policy for an extra premium. The optional rider allows policyholders to use the death benefit to ...
Tags: Life Insurance
Conergy has been in negotiations on the short-dated entrance of a strategic investor. The company's creditors however failed to agree on the necessary unitarily and reliable affirmation of the concept in a timely manner. Now, unexpected ...
Tags: Service
China's service sector in June grew too slowly to counteract a wider loss of momentum in China’s economy, Reuters reported. Numbers released by the National Bureau of Statistics showed service PMI at 53.9, a 9 month low, while a ...
Tags: Service Sector, Domestic Demand
Howden Broking Group has purchased a 25% shareholding in Chilean insurance broker, Patagonia Corredores de Seguros (PCS), for an undisclosed sum. Based in Santiago, PCS provides an array of property, energy, liability, construction, ...
Tags: Howden, Chilean Broker
Sydney-based underwriter QBE Australia is to divest its National Credit Insurance Brokers (NCIB) business and professional indemnity authorized representative Invivo by the end of 2013. Following completion of listing process, the ...
Tags: Insurance Brokerage, QBE
US-based independent insurance intermediary Brown & Brown has completed the earlier-disclosed acquisition of Beecher Carlson Holdings, an insurance and risk management broker. Earlier in May 2013, Brown & Brown signed an agreement to ...
Tags: Beecher Carlson, Brown&Brown
The UK Financial Conduct Authority (FCA) has imposed a penalty of £2,834,700 against mobile phone insurance broker, Policy Administration Services Limited (PAS), for poor complaints handling of mobile phone insurance policies sold by ...
In May 2013 compared with April 2013, the volume of retail trade rose by 1.0% in the euro area (EA17) and by 1.2% in the EU27, according to estimates from Eurostat, the statistical office of the European Union. In April retail trade ...
Tags: Retail Trade, Trade, Retail
Coface Group has expanded its network in Central Europe with the launch of its credit insurance services in Croatia. The new insurance policy, which will be issued by Coface Austria, will benefit Croatian companies and other companies who ...
Tags: Coface, Credit Insurance
Esurance, a provider of auto, motorcycle and renters insurance, is offering renters coverage to its existing and new customers in Oregon. Oregon customers, who rent or lease a home or apartment, can add the renters coverage to their auto ...
Tags: Esurance, auto, motorcycle, renters insurance
UK-based insurer Aviva has launched a new private medical insurance (PMI) product named GuideWell for corporate clients to manage the rising cost of claims and healthcare spending. The new product, which will be available in addition to ...
Tags: Aviva, Medical Insurance
Careington International Corporation has signed an agreement with Metropolitan Life Insurance Company to offer a no-cost discount prescription card. Offered through MetLife's US Sponsored Direct business channel, the card allows members ...
Tags: Careington, No-Cost Discount Prescription Card, Metlife
Health insurer Health Insurance Innovations (HII) has rolled out HealtheMed STM plan (Short-Term Medical) in collaboration with HCC Life Insurance Company (HCC), which caters medical stop loss, group term and short term medical insurance. ...
Tags: Medical Insurance, HCC Life
Canada-based insurance brokerage Western Financial Group (Western) and Coast Capital Savings Credit Union (Coast Capital) have closed the sale of Coast Capital Insurance Services (CCIS). Western will acquire the ownership of Coast ...