Private equity investment firm Hellman & Friedman has agreed to purchase the US-based insurance brokerage firm Hub International from Apax Partners in London, in a deal valued at nearly $4.4bn. It is believed that Apax, a private equity ...
Edgewood Partners Insurance Center (EPIC), a retail property & casualty and employee benefits insurance brokerage and consulting firm, has purchased SafeHarbor Risk Management to boost its operations in the region. Acquisition of The ...
The global financial crisis cast a large shadow over the Chinese financial system, prompting already conservative regulators to adopt a more rigorous, and by extension slower approach to reform. Yet there are also skeletons from ...
Tags: Government Bond Futures
UK-based insurance brokerage firm Lark (Group) has acquired Hinchely Wood-based HMT Insurance Brokers from its founder and proprietor, Howard Thompson, for an undisclosed sum. The acquired company delivers insurance advice to businesses ...
Tags: Lark, HMT Insurance Brokers
The National Development and Reform Commission is pestering and probing 60 foreign drug makers regarding the prices at which they sell their wares in China. Scrutiny of the foreign drug sector in China made headlines in June when ...
Tags: Harsh Medicine, Pharma Firms
I. The Sales Prices of Newly Constructed Commercial Residential Buildings (excluding affordable housing) Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed commercial ...
Tags: Metallurgy, Mineral, Energy
Personal lines insurer Allstate has agreed to divest its life and annuity businesses Lincoln Benefit Life Company (LBL) to Resolution Life, in a deal agreed for $600m. The insurer said that it will cease issuing fixed annuities at the end ...
Tags: Resolution Life, Allstate
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
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 ...
Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...
Tags: Credit Crunch, Smaller Firms
China's Shanghai Futures Exchange is hoping its new asphalt futures contract -- to be launched next month -- will revive interest in oil trading on the bourse, after activity on its fuel oil contract fizzled out, Zhang Zheng, SHFE's ...
Tags: Chemicals, Metallurgy, Mineral, Energy
I. The Sales Prices of Newly Constructed Residential Buildings (excluding affordable housing) Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed residential buildings declined ...
Tags: Residential Buildings
UK-based independent brokerage Drewberry Insurance has launched a new protection payout rate tool that provides the payout rates across 11 different providers for income protection, critical illness insurance and life insurance. The new ...
Luminus Devices, a VC-funded firm developing and selling solid-state lighting products, recently was sold to Chinese LED maker Sanan for $22 million. Luminus' customers include LG, Acer, Zumtobel, EYE Lighting, Philips, Denmark's Martin, ...
Tags: Luminus Devices, Lighting
Segal Select Insurance Services has completed acquiring Broker of Record rights to certain bonds of fiduciary liability and fidelity bond business from A&R Associates. Segal Select chief operating officer Brian Smith said that the ...