US-based health service and insurance provider Cigna has finalized the acquisition of 51% stake in Finans Emeklilik, Finansbank's insurance subsidiary in Turkey, following a regulatory approval from the Treasury of Turkey in early November. ...
Tags: health service, health insurance, acquisition, life insurance, pension
Harris Teeter Supermarkets,Inc.(NYSE:HTSI)(the"Company")today reported that sales for the 52 weeks ended October 2,2012 increased by 5.8%to$4.54 billion from$4.29 billion in fiscal 2011.Sales for the fourth quarter of fiscal 2012 increased ...
Tags: Harris Teeter, Supermarkets, profits, acquisition
Taipei, Oct. 30, 2012 (CENS)--The outstanding amount of margin loans on the Taiwanese stock market plunged NT$4.328 billion yesterday (Oct. 29), as many margin traders have been forced to exit the market during the market downfall. Due to ...
Tags: Taiwanese stock, FPD, DRAM, LED, solar energy, flat panel display
Taipei, Oct. 24, 2012 (CENS)--Affected by sluggish economy and decline of market interest rates, the Financial Supervisory Commission (FSC) announced yesterday (Oct. 23) slashing the interest rates for liabilities reserves funds for foreign ...
Tags: FSC, U.S.dollar-denominated insurance policies, Life insurers
Ohio National Financial Services(Ohio National),a US-based provider of insurance products,has deployed Insurance Technologies'FireLight solution for electronic term life insurance business processing. The FireLight will enable Ohio ...
Cathay Life Insurance won with NT$4.3 billion franchise fee yesterday(Sept.25)the 50-year right for the investment,development,and management of the special commercial land of Taoyuan railway station area,the largest commercial land area of ...
Tags: Cathay Life, The BOT Project, Taoyuan Station Area, MOTC
Taipei,Sept.12,2012(CENS)--Premier Sean Chen publicized"program for promoting economic momentum"yesterday(Sept.11),which aims to achieve economic development via adjustment of industrial structure,enhancement of investment and export,and ...
Tags: Economic Momentum, Premier Sean Chen, Taiwan, Industrial Equipment
KB Financial Group, one of the four largest wealth managers by assets, has reached the final stages of discussions with Dutch insurer ING to acquire its Korean insurance unit in a deal estimated to be worth $2.2bn. The Dutch underwriter ...
Bermuda based Enstar has embarked a definitive agreement with HSBC Finance, pursuant to which the former will acquire all of the shares of Household Life Insurance Company of Delaware and HSBC Insurance Company of Delaware, from Household ...
Tags: Enstar, HSBC, Canadian Life Insurance
Cigna has completed the acquisition of Great American Supplemental Benefits from American Financial in a $305m cash transaction, in a bid to enhance its distribution network of agents and brokers and extend global direct-to-consumer retail ...
Tags: Cigna, Great American Supplemental Benefits, cash transaction
Allianz Life Insurance of North America (Allianz Life) has appointed Tom Mundt as the new vice president of Infrastructure in the IT division. Mundt will spearhead overall infrastructure strategy, including assessing hardware and software ...
Tags: Allianz Life, Tom Mundt, IT division
Symetra Life Insurance, a subsidiary of Symetra Financial Corporation, has selected Craig Raymond as its new senior vice president and chief strategy officer, effective from 17 September 2012. Based in the greater Hartford, Connecticut, ...
Tags: Symetra Life Insurance, Symetra Financial Corporation, Craig Raymond
Industrial Alliance Insurance and Financial Services have inked a deal to offload by way of indemnity reinsurance and assumption reinsurance, all its US fixed annuities and accumulation riders to Security Benefit Life Insurance and ...
Tags: Industrial Alliance Insurance, Financial Services, indemnity reinsurance
Digital Insurance, an employee benefits-only agency, has acquired First Benefit Partners in Knoxville, Tennessee and will serve its clients' ongoing needs. First Benefit Partners' principal, Matt Noe will join Digital's specialized ...
Tags: Digital Insurance, benefits-only agency, clients'ongoing needs
Nationwide Mutual Insurance Company has appointed Larry Hilsheimer as director of its Retirement Plans, while Anne Arvia will lead Nationwide Direct, Affinity and Growth Solutions. Nationwide chief executive officer Steve Rasmussen said ...
Tags: Nationwide Mutual Insurance Company, Larry Hilsheimer, Retirement Plans