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Insurance Firms
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China Lowers Insurance Firm's Caps in Stocks
Feb 2, 2017China’s insurance regulator on Tuesday announced a ban on insurers acquiring listed firms in concert with non-insurance parties, in a latest move to limit insurance assets invested in equity markets. According to new rules set by ...
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Risk and Capital Management Decision-Making Tool Is Enhanced by Guy Carpenter
Nov 7, 2013Guy Carpenter & Company, a provider of risk and reinsurance intermediary services, has released version 7.2 of its risk and capital management decision-making tool, MetaRisk. The enhanced tool, which features several new catastrophe ...
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Markel UK Has Rolled out a New Liability Product Designed to Fulfill The Specific Demands
Nov 6, 2013Specialist insurer Markel UK has rolled out a new liability product designed to fulfill the specific demands of the rapidly growing UK biomedical and life sciences sector. The sector, which is expected to see strong growth, with ...
Tags: insurer, Life Sciences
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Zurich Insurance to Take Over Wesfarmers' A$2bn Insurance Business
Nov 4, 2013Zurich Insurance, a Switzerland-based multi-line insurance provider, is in advanced stages of negotiations to take over Australian firm Wesfarmers' A$2bn insurance business. The Swiss firm has commenced due diligence on the Aussie's ...
Tags: Zurich Insurance, Insurance
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Swiss Life Selects Aetna to Deliver International Health Care Benefits
Nov 1, 2013Zurich-based life and pension insurer Swiss Life has selected Aetna (AET), a global health care services company, to deliver international health care benefits and services for expatriates out of Singapore to its roster of multinational ...
Tags: Swiss Life, Service
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Global Reinsurance Have Started Contract Talks for 2014 with Insurance Firms
Oct 23, 2013Global reinsurance firms Munich Re, Swiss Re and Hannover Re have started contract talks for 2014 with insurance firms, amid growing competition from pension funds, due to increased capital investment. The steady growth of investment by ...
Tags: Insurance Firms, Swiss Re
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ACA to Be a Major Setback for Insurers
Oct 16, 2013Affordable Care Act (ACA) also known as Obamacare, the flagship complimentary health insurance program for all the US denizens, is proving to be a major setback for insurers, and nine insurance firms are pulling out of Nebraska medical ...
Tags: Insurers, Healthcare Insurance
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Auto Pros USA Has Deployed Cheap Car Insurance Quote Finder in a Bid
Sep 25, 2013Auto Pros USA has deployed cheap car insurance quote finder in a bid to enable its customers to get insurer rates immediately for full coverage and liability policies online. The company said that after researching companies the ...
Tags: Car Insurance, Service
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ACE Has Received a License From The Tunisian Ministry of Finance to Set up Its Reinsurance
Sep 16, 2013ACE has received a license from the Tunisian Ministry of Finance to set up its reinsurance operation in the country, which is part of its continued strategy to boost business across Middle East and North Africa (MENA) region. The global ...
Tags: Insurance License
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IRDA Is Mulling a Proposal to Allow Insurance Companies
Sep 2, 2013Indian Insurance Regulatory and Development Authority (IRDA) is mulling a proposal to allow insurance companies to offer five-years health insurance policies, in a bid to help customers by making renewal process easy. General and ...
Tags: Health Insurers, Service
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Reliance Life Inks a Bancassurance Pact to Distribute Its Array of Insurance Products
Aug 27, 2013India-based private cReliance Life is looking to ink a bancassurance pact to distribute its array of insurance products and services in the country as well as offer a minority 5%stake in the company. The underwriter is seeking a suitable ...
Tags: Reliance Life
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IB and GDC Enhance Micro-Insurance in The Country with The Support of Government Agencies
Aug 15, 2013Insurance Board of Nepal (IB) and the German Development Cooperation (GDC) have partnered to enhance micro-insurance in the country with the support of government agencies and financial service institutions. IB and GIZ RFPI Asia, a German ...
Tags: GDC Partner, IB
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Zurich Is Said to Have a Plan to Buy Into Chinese Property Insurance Firm Sinosafe
Jun 21, 2013Switzerland-based Zurich Insurance Group is said to have a plan to buy into Chinese property insurance firm Sinosafe General Insurance Co., Ltd. Sources said recently that the Swiss insurance group was looking for a stake in a Chinese ...
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18 Life Insurance Firms May Be Kept From Opening New Provincial Branches
Jun 7, 201318 life insurance firms in China may be kept from opening new provincial branches because of their continuous loss-making, said people in the know. The 18 life insurers include six Chinese players and 12 foreign players like Allianz China ...
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Mainland Banks Is to Make Investments in The Local Securities and Futures Markets
Jun 4, 2013The financial supervisory commission (FSC) of Taiwan was reported to enable banks, insurance firms and Qualified Domestic Institutional Investors (QDIIs) in the Chinese mainland to make investments in the local securities and futures ...