New York-based insurer MetLife has eliminated the jobs of 2,500 advisers, representing a third of total, in a bid to save operational cost and make the company more productive. Other reasons of the job cuts as dictated by the company ...
Specialty insurer HCC Insurance Holdings has established a new ‘Construction Property Risks Division’ with an aim to boost its underwriting capability in builder's risk insurance. Francis P Tricamo, Sr has been appointed to ...
Tags: Insurance, Property Risks
American International Group (AIG) and People’s Insurance Company (Group) of China (PICC) and PICC Life Insurance have signed a joint venture (JV) agreement to set up an agency distribution company in China. The US insurer invested ...
Netherlands-based financial conglomerate ING has received offers for its South Korean life insurance business from a Korean life insurer and two Seoul-based private-equity firms. The three bidders include Kyobo Life Insurance Co and ...
Tags: ING, Bids, Insurer Business
ingenie, the car insurer for young drivers, has selected SAS Office Analytics to help in better understanding of risk among young drivers. The SAS Office Analytics will enhance ingenie's use of telematics data and deliver behavior-based ...
Tags: Ingenie, SAS Office
South African financial services group Sanlam has concluded the acquisition of a 49% stake in Malaysian niche short-term insurer, Pacific & Orient Insurance Co. Berhad (POI), for nearly MYR270m ($89.m). Sanlam Emerging Markets (SEM), ...
Boston-based property and casualty insurer Liberty International Underwriters (LIU) has introduced a new policy to cover marine liability and property related risks for small and mid-size marine businesses owners and operators. Dubbed LIU ...
New York Life, a US insurer, is reportedly in talks with Yuanta Financial over the sale of its Taiwan unit, according to sources close to the deal. People familiar with the matter were quoted by Reuters as saying that the deal, which is ...
Tags: Taiwan Unit Sale, New York Life
ACE Group, a multiline property and casualty insurer, has introduced a suite of surety products for the Italian market, in an effort to continue expansion of its international capabilities in the Continental Europe region. Supported by ...
Tags: ACE, Surety Products
The planned sale of stake in Future Generali India Life Insurance Company to Industrial Investment Trust Ltd (IITL) has received approval from fair trade regulator Competition Commission of India (CCI). The approval was granted after a ...
Tags: Service
The sharemarket rose for a third-consecutive session after the dollar weakened further overnight. Non-resources companies with US dollar income remained in demand, although commodity price falls restrained the resources sector. The ...
Tags: Stocks, Aussie Fall
The sharemarket rose for a third consecutive session yesterday after the Australian dollar weakened further in offshore trade. Non-resources companies with US-dollar income remained in demand, although commodity price falls restrained the ...
Tags: Bourse, Greenback Exposure
US insurer Frontline Homeowners Insurance is continuing coastline expansion with the receipt of a license to provide coastal coverage to homeowners in Delaware, US. The company will start the process of determining insurance coverage ...
Eurobase Insurance Solutions has unveiled its next-generation platform, synergy2, intended to efficiently transact business without any limitations. Designed to be reconfigurable to clients' business needs, the synergy2 is a fully ...
Tags: Eurobase Insurance, Synergy2
A joint-venture sales firm between The People's Insurance Company (Group) of China Ltd. (PICC and SEHK: 1339) and US insurance giant AIG has begun recruiting talents. PICC Life, the life insurance unit of PICC, said in its official ...