New York Life has elected Annamaria Banaszek, Craig DeSanto and John DiRago as senior vice presidents of the company and will report to Chris Blunt, president of the Insurance Group. Banaszek will serve as head of the Group's Wealth ...
Tags: New York Life, Annamaria Banaszek, Craig DeSanto, John DiRago
US commercial automobile insurance provider Atlas Financial has completed the acquisition of Camelot Services, and its lone insurance subsidiary, Gateway Insurance, for nearly $23m. Based on terms of agreement inked on 24 October 2012, ...
Tags: Atlas Financial, Acquisition of Gateway Insurance, Insurance
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
Qatar Insurance Group is planning to establish a holding company in an effort to further expand its current operations in both insurance and non-insurance sectors. Subject to approval from the general body meeting and concerned ...
Tags: Qatar Insurance Group, holding company, current operations
US based diverse financial holding company Markel has inked a definitive agreement to acquire Bermuda-based Alterra Capital in a deal valued nearly$3.13bn in cash and stock. Based on a closing price of$486.05 for Markel common stock on 18 ...
Tags: Markel, acquisition, Alterra
Insurance Australia Group (IAG) has sold its UK insurance business following the completion of a strategic review process, in an effort to boost profits at home and also expand its foot print in the Asian market. The sale includes Equity ...
Tags: insurance business, strategic review process, Asian market, tax on sale
Q-Re, a wholly-owned subsidiary of Qatar Insurance Company (QIC), has awarded a contract to Xuber for delivery of its International Reinsurance and Insurance System (Iris) to help streamline its operational efficiency. Selected after a ...
Tags: Q-Re, Qatar Insurance Company, Xuber
July 27, 2012 /24-7PressRelease/ -- To comply with the obligations of the pending Treating Customers Fairly (TCF) policy, the South African insurance industry must speed up the implementation of customer profiling and targeted, effective ...
Tags: Treating Customers Fairly, insurance industry, communication strategy
US based health insurer UnitedHealth has reported an increase in its profits by 23% with net earnings of $1.56bn, or $1.50 a share for the third quarter that ended on 30 September 2012, up from $1.27bn, or $1.17 a share, a year earlier. ...
The Netherlands based ING bank has inked an agreement with Hong Kong's AIA, to offload its Malaysian insurance business for €1.3bn in cash. The transaction comprises ING's life insurance and employee benefits business as well as 60% ...
Tags: ING, AIA, insurance business
Speech by the Governor Doing Business in Henan Provinces of China introduces comprehensive condition of Henan Province. Henan, located in the hinterland of China, has a long history, abundant resources, complete infrastructure and ...
Tags: Henan province, survey, economy, investment
Speech by the Commander of XPCC Established in 1954, undertaking responsibilities of guarding the frontier and cultivating the frontier areas entrusted by the state, XPCC is a special social organization implementing direct planning by ...
Tags: XPCC, survey, economy, investment
(i)Policy and Administrative Rules Catalogue of Related Laws Foreign Trade Law of the People’s Republic of China Customs Law of the People’s Republic of China Law of the People’s Republic of China on Import and ...
Tags: Zhejiang province, survey, economy, investment
Speech by the Governor In the history of the past, Shanxi had played a powerful role, in particular was well known for the" Jin Merchants" who are forerunners ruling the foreign trade and national financial industries. At present, Shanxi ...
Tags: Shanxi, business, introduction to Shanxi, Shanxi economy, survey
Netherlands insurer Achmea Insurance Group has implemented Sapiens IDIT software suite for conducting core general insurance business in Australia. Selection follows the company's decision to deploy Sapiens IDIT as the strategic software ...
Tags: insurer, software suite, core general insurance business