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Shriram General Insurance,Sanlam Is Mulling Over Acquiring Non-Life Insurance Operations
Oct 24, 2013Shriram General Insurance (SGI), the non-life insurance subsidiary of Shriram Capital, and its South African partner Sanlam, are mulling over acquiring non-life insurance operations in Asia, including Malaysia, Indonesia, Vietnam, and ...
Tags: General Insurance, Insurance
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Mapfre Has Purchased a 20% Percent Stake in Indonesia's ABDA
Oct 18, 2013Spain-based insurance firm Mapfre has purchased a 20% percent stake in Indonesia’s Asuransi Bina Dana Arta ( ABDA), for an undisclosed sum. Besides acquiring the minority stake in ABDA, Mapfre has formed a partnership to provide the ...
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Swiss Re Is Looking for Viable Options to Divest Aurora National Life Assurance
Oct 17, 2013Zurich-based Swiss Reinsurance (Swiss Re) is reportedly looking for viable options to divest Aurora National Life Assurance Co, as the company seeks to exit the US life and health insurance market. People familiar with the matter were ...
Tags: Life Insurance, Swiss Reinsurance
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Sanlam Emerging Markets to Acquire 49% Stake in The General Insurance Operations
Oct 15, 2013South Africa's financial services group Sanlam Emerging Markets (SEM) in engaged in negotiations with Nico Holdings, to acquire 49% stake in the general insurance operations in Malawi, Tanzania, Uganda and Zambia. Financial terms of the ...
Tags: General Insurance
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EGI Financial Inked a Definitive Stock Purchase Agreement with a Specialty Insurance Firm
Aug 12, 2013EGI Financial (EGI) has inked a definitive stock purchase agreement with a specialty insurance firm, White Pine Insurance Company (White Pine), to dispose of its US non-standard automobile insurance operations. Based on the agreement, ...
Tags: EGI Financial
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Manulife Financial Inked a Contract to Dispose of Its Life Insurance Business in Taiwan
Aug 2, 2013Manulife Financial has inked a contract to dispose of its life insurance business in Taiwan to CTBC Life Insurance Co (CTBC Life), a subsidiary of CTBC Financial. The acquisition of insurance operations of Manulife in Taiwan, which ...
Tags: Life Insurance, CTBC Life
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Aviva Rolled out Its New National eDocs Technology, Which Improves Ease of Doing Business
Jun 25, 2013Property and Casualty insurance group Aviva Canada has rolled out its new national eDocs technology, which improves ease of doing business for broker partners coast-to-coast. The technology, which can be readily deployed in brokerages ...
Tags: Service, insurance, Casualty insurance, Property insurance
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DSL Completed Implementation of eBaoTech LifeSystem Suite to Run Its Insurance Operations
May 29, 2013Hong Kong-based Dah Sing Life Assurance (DSLA) has completed implementation of eBaoTech LifeSystem suite to run its conventional and unit-linked life insurance operations. Accomplished in two phases, the implementation has enabled the ...
Tags: Dah Sing, EBaotech, LifeSystem
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Dai-ichi Agreed to Purchase a 40% Stake in Indonesian Life Insurance Company, Panin Life
May 27, 2013Japan-based Dai-ichi Life Insurance Company (DLI) has reportedly agreed to purchase a 40% stake in Indonesian life insurance company, Panin Life, a source familiar with the deal has revealed. The unidentified source was quoted by Reuters ...
Tags: Dai-ichi, Panin Life
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MetLife, Manulife Are Understood to Be The Potential Bidders to Acquire a Major Stake
May 10, 2013Canadian group Manulife Financial and MetLife in the US are understood to be among the potential bidders to acquire a major stake in AmLife Insurance, the life insurance business of Malaysian bank AMMB Holdings. Sources familiar with the ...
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Elephant Auto Insurance Has Deployed Guidewire's PolicyCenter as Its New Underwriting
May 7, 2013A direct-to-consumer writer of automobile insurance Elephant Auto Insurance has deployed Guidewire's PolicyCenter as its new underwriting and policy administration solution, to increase operational efficiencies and enhance customer service ...
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ACE Appointed Tim Shields as The New President Director of PT Asuransi Japro
May 2, 2013ACE Insurance, a unit of the ACE Group of insurance and reinsurance companies, has appointed Tim Shields as the new president director of PT Asuransi Jaya Proteksi, (Japro). Following completion of transaction, subject to regulatory ...
Tags: ACE Insurance, Service
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AMMB Holdings Is Looking for Potential Buyers to Dispose of Certain Stake in Its Life
Apr 26, 2013Malaysia-based banking group AMMB Holdings is looking for potential buyers to dispose of certain stake in its life insurance operations, in a bid to raise nearly $600m from the deal. Sources familiar with the deal were quoted by the Wall ...
Tags: Life Insurance, Insurance
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Aviva Is Considering Purchasing The Co-Operative Group General Insurance Business
Apr 23, 2013London-based underwriter Aviva is considering purchasing the Co-operative Group general insurance business in a deal valued at approximately £650m ($989.82m). Co-operative Group, which operates as one of the UK's largest consumer ...
Tags: Aviva, Co-Operating Insurance
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HSBC Gears up to Offload Its General Insurance Business in Macau as Part of Its Strategy
Apr 16, 2013London-headquartered diversified financial conglomerate HSBC is gearing up to offload its general insurance business in Macau, as part of its strategy to get rid of unprofitable businesses across the globe. One of its indirect wholly ...
