Prudential Financial, a diversified US financial conglomerate net income has boosted by 182% to $2.2bn for the second quarter of 2012, against a net income of $779m during the year ago quarter. For the latest quarter period, its net ...
Tags: Prudential Financial, net income, quarter 2, financial conglomerate
Switzerland’s Zurich Insurance Group has reported that its net profit attributable to shareholders after taxes for the third quarter of 2012 has declined by 62% to $477m from $1.2bn during the same period a year ago. Total business ...
Tags: Zurich Insurance Group, net profit, insurance, quarter 1
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
The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
US-based financial services company, CBIZ has completed acquisition of a Texas-based insurance broker Stoltz and Company, effective from 01 July 2012. The transaction is expected to amount to $3.2m in annualized revenue, along with 13 ...
Tags: CBIZ, acquisition, Stoltz and Company, transaction, insurance
Enterprise users of public cloud welcomed Amazon Web Services' new products and price reductions,but said that additional features such as better security,ease of use and added multiple-availability to overcome outages issues could make ...
Tags: Gov-cloud, Amazon Web Services, security, cloud services
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
According to Karvy Stock Broking, India's Gross Domestic Product growth for Q2 FY13 to drop to nearly 3 and a half year low of 5.1% which is mainly expected to be driven by sluggish growth in electricity generation and sharp drop in trade ...
Mutual of Omaha has appointed Brian Armstrong and Oliver Schulz as regional sales managers for its Retirement Plans division. Armstrong, in his new role will cover the Central and South Florida market and is based out of Tampa while ...
Tags: Mutual of Omaha, sales manager, Retirement Plans, insurance product
Pennsylvania-based Erie Indemnity (ERIE) has appointed Robert Ingram III as its new executive vice president and chief information officer (CIO), effective from 13 August 2012. Ingram, in his new role will oversee the ongoing design of ...
Tags: Erie Indemnity, Robert Ingram III, insurance, insurance company
Farmers Insurance has unveiled a new facility, named as AgencyPoint in Baltimore, which will serve as an agency recruitment and training center for candidates looking to become Farmers independent business owners. The new centre is a part ...
Tags: Farmers Insurance, AgencyPoint, agency recruitment, insurance, training
Fairfax Financial Holdings has entered into an agreement with UK’s Thomas Cook (TC) Group to acquire 77% interest in Thomas Cook (India) for Rs50 per share totalling to nearly Rs8.17bn ($150m). Subject to customary conditions, the ...
Tags: Fairfax Financial Holdings, Thomas Cook, interest, India
Virginia-based insurance broker, The Hilb Group (THG) has completed the purchase of MDM Covenant Insurance (MDM), a Brentwood-based insurance brokerage firm. Founded by Chris Meadows in 2008, MDM serves quick serve restaurant (QSR) ...
Tags: The Hilb Group, purchase, MDM Covenant Insurance, insurance brokerage
Starr Companies, a global insurance and financial services company, has appointed Nigel Childs as chief financial officer for its foreign operations. Childs, who will directly report to Starr Companies chief international officer Ed ...
Tags: Starr Companies, insurance, financial service, Nigel Childs
US based insurance brokerage and risk management firm Marsh & McLennan Agency (MMA) has purchased Massachusetts based The Protector Group Insurance Agency, in an undisclosed deal. Acquisition of the aforesaid firm, which provides ...
Tags: MMA, Massachusetts, takeover, insurance srvice, insurance