Allianz and Western Union have struck a Memorandum of Understanding (MOU) to develop, design and distribute insurance products in several countries around the world. As per the terms of the agreement, both firms will concentrate on ...
Tags: Allianz, Western Union, insurance product, insurance distribution
Aviva has shortlisted Prudential and Manulife from the four potential buyers, which were selected from a second stage of bidding for Aviva's insurance business in Malaysia. The Malaysian underwriting business of Aviva is expected to fetch ...
German underwriter Munich Re consolidated profit rose by 10% to €812m in the second quarter of 2012, compared with a consolidated profit of €738m during the same quarter last year. The insurer said that the profit rose as ...
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
Vodacom (VOD) has obtained a long-term insurance license to venture into South African insurance industry from regulatory agency, Financial Services Board (FSB). The current license is a long term along with the short term license granted ...
Tags: Vodacom, insurance license, South Africa, insurance industry
US based property and casualty insurer Tower Group has acquired a miniority stake of 8.5% in Cinium Financial Services for $7m in the form of convertible senior notes, which are due in 2026. The underwriter said that the recent investment ...
Tags: ower Group, Cinium Financial Services, stake, acquisition
Emploters, a US small business insurance firm, has appointed Bryan Ware as senior vice president and chief actuary to gain strong foothold in the underwriting business. Having nearly 30 years of experience in the insurance industry, Ware ...
Tags: Emploters, business insurance, foothold, insurance
Toronto Dominion Bank has disposed its US insurance subsidiary to USI Insurance Services, a middle-market brokerage firm owned by Goldman Sachs Capital Partners, for an undisclosed amount. The bank cum underwriter said that it sold the US ...
Tags: Toronto Dominion Bank, USI Insurance Services, dispose, insurance
MSI Management UK and Ireland, a member of Japan-based MS&AD Insurance, is planning to open a new office in Dublin. The new office, which is subject to regulatory approval, will be the intermediary hub for the company's UK and Ireland ...
Tags: MSI Management, new office, insurance, insurance agency
RBS is looking for viable ways to dispose its car and home insurance business in the UK, which may fetch 7bn pounds. The partly government owned bank abandoned the disposal of the underwriting firm through bid approaches from trade buyers ...
Tags: RBS, car insurance, home insurance, insurance
Taipei,Sept.5,2012--In line with the establishment of cross-Taiwan Strait currency clearance mechanism,listed companies will be allowed to float renminbi-denominated international bonds in Taiwan,giving them an extra channel for fund ...
Tags: cross-Taiwan Strait, currency clearance mechanism, FSC
Keystone Insurers Group, a US based independent insurance agency, has selected Kaye Garruto as its Georgia state vice president. Announcing the appointment, Keystone's vice president of client services Lea Ann Hawk said that the ...