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Insurance Operation
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L&G Tabled a Bid to Acquire Co-Operative Group's Home Insurance Business
Oct 16, 2013British insurance and pensions company Legal & General Group (L&G) has tabled a bid to acquire Co-operative Group’s home insurance business. L&G has expressed interest to purchase Co-Operative's household book and not its motor ...
Tags: insurance, Home Insurance Business
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Foreign Insurance Giants Cast Eye on The Chinese Vehicle Insurance Market in Succession
Sep 10, 2013Foreign insurance giants have cast eye on the Chinese vehicle insurance market in succession. Hubei Biocause Pharmaceutical Co., Ltd. (SZSE: 000627), a shareholder of Tianping Auto Insurance Co., Ltd., said in a statement on September ...
Tags: Vehicle Insurance, Service
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ING Inked an Agreement with Seoul-Based Private Equity Firm MBK Partners
Aug 27, 2013Netherlands-based financial conglomerate ING has inked an agreement with Seoul-based private equity firm MBK Partners, to divest its South Korean insurance business, in a transaction valued at nearly KRW1.84trn (€1.24bn). Following ...
Tags: Insurance, MBK Partners
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Lloyds Banking Group Is Mulling to Divest Its German Insurance Business Heidelberger Leben
Aug 20, 2013Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
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PICA and BSN Have Agreed to Acquire 100% of Uni
Aug 19, 2013Prudential Insurance Company of America (PICA) and Bank Simpanan Nasional (BSN) have agreed to acquire 100% of Uni.Asia Life Assurance’s (UAL) issued and paid-up ordinary share capital, to boost their insurance operation in Malaysia. ...
Tags: Life Assurance
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North P&I Club and SMMI Are in Discussions to Merge Their Operations
Aug 13, 2013Marine mutual liability insurer The North of England P&I Association (North P&I Club) and fishing vessels insurer Sunderland Marine Mutual Insurance (SMMI), are in discussions to merge their operations. The combined company is expected to ...
Tags: Merger Talks, P&I Club
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Hub's Dedicated Trucking Insurance Operation Is Now Fully Operational
Jul 11, 2013Hub International Insurance has announced that its dedicated trucking insurance operation is now fully operational. In 2012, Hub noticed that the trucking industry grew at two times the speed of total U.S. employment. The company felt ...
Tags: Transportation, Auto, Insurance
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Cash & Associates Inked an Agreement with Digital Insurance
Jun 8, 2013Florida-based Cash & Associates has inked an agreement with Digital Insurance, a US-based employee benefits-only agency, to merge its health insurance and benefits division into the Orlando office of Digital Benefit Advisors (DBA). The ...
Tags: Insurance, Digital Insurance, Service
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Allianz Has Inked an Agreement to Acquire Turkish Property and Casualty Underwriter Yap
Mar 29, 2013Munich-based insurer Allianz has inked an agreement to acquire Turkish property and casualty underwriter Yap Kredi Sigorta including its life and pension subsidiary Yap Kredi Emeklilik, in a deal valued at TRY1.6bn (€684m). ...
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BTG Pactual Has Received Approval From The Brazilian Insurance
Jan 4, 2013Banco BTG Pactual has received approval from the Brazilian insurance and reinsurance regulator, SUSEP, to establish an insurance operation in the country. The company, earlier this year, planned to invest $24m to launch a new insurance ...
Tags: BTG Pactual, approval, Insurance Operation, Brazil
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Berkshire Hathaway Has Agreed to Acquire Spain Based Caixabank's Life Insurance Operation
Dec 6, 2012US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations
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R&R Insurance Services Selected David Lancaster as Vice President of Employee Benefits
Dec 4, 2012R&R Insurance Services, a US based independently owned insurance agency has selected David Lancaster as vice president of employee benefits. Having 25 years of experience in running insurance operations, agency relationships and team ...
Tags: R and R Insurance Service, insurance agency, insurance
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ACE Group Has Hired Timothy O'Donnell as Executive Vice President
Dec 4, 2012The ACE Group has hired Timothy O’Donnell as executive vice president of financial lines for its international insurance operations, effective 1 June 2012. In this role, O'Donnell will be responsible for the company's directors and ...
Tags: ACE Group, Timothy O'Donnell, executive vice president
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Zurich Insurance Is Likely to Expand Its Insurance Operations in a Bid
Dec 3, 2012Swiss insurer Zurich Insurance is likely to expand its insurance operations in a bid to gain a strong foothold in emerging markets such as China and Indonesia. The underwriter, under the guidance of its chief executive officer Martin ...
Tags: Zurich, insurance operation, China, Indonesia, insurance market
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CRC Insurance Services Have Resolved All Existing Disputes Between Them
Dec 3, 2012CRC Insurance Services, Crump Insurance Services, and R-T Specialty said that all the parties have resolved all existing disputes between them. All the three parties said that the conflicts have been resolved on a global, confidential ...
Tags: CRC, Crump Insurance Services, R T Specialty, dispute, insurance
