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Non Life Insurance
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Nonlife Insurance Business Will Be Divested by South Korean Lig Group
Nov 25, 2013Seoul-based LIG Group is planning to divest all shares of its nonlife insurance division, as part of its strategy to gather the required funds to compensate investors for losses from a financial fraud scandal in 2011. Unveiling its ...
Tags: LIG Group, Nonlife Insurance
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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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ERGO Insurance Launched a Joint Venture ERGO China Life to Offer Life Insurance
Sep 10, 2013The ERGO Insurance Group, which is part of the Munich Re Group, has launched a joint venture (JV) ERGO China Life to offer life insurance to private customers in the Chinese province of Shangdong. Shandong is said to be the third largest ...
Tags: ERGO Insurance, China Life
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AIG Signed a Bancassurance Agreement to Serve as Exclusive Provider of Non-Life Insurance
Jan 31, 2013American International Group (AIG) has signed a bancassurance agreement to serve as exclusive provider of non-life insurance products to HSBC Group customers in Turkey and France. Following the partnership launch in the first half of ...
Tags: AIG, bancassurance agreement, HSBC
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R&Q Has Acquired Entire Issued Share Capital of HIL
Jan 16, 2013Nonlife insurance group Randall & Quilter Investment (R&Q) has acquired entire issued share capital of Hickson Insurance Limited (HIL). The acquirer purchased the shares for pound 525,000, from owner Hickson Investments, (an affiliate of ...
Tags: Nonlife insurance, R&Q, HIL
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Aegon Has Signed a 25-Year Strategic Partnership with Spain's Banco Santanderto
Dec 25, 2012Netherlands based insurer Aegon has signed a 25-year strategic partnership with Spain's Banco Santanderto, to distribute both protection and general insurance products in the country. Under terms of the alliance, the lender will offer ...
Tags: insurer Aegon, Netherlands, general insurance products, Banco Santanderto
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Aegon Would Distribute Both Protection and General Insurance Products
Dec 25, 2012Netherlands based insurer Aegon has signed a 25-year strategic partnership with Spain's Banco Santanderto, to distribute both protection and general insurance products in the country. Under terms of the alliance, the lender will offer ...
Tags: insurer Aegon, Netherlands, general insurance products, Banco Santanderto
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Ageas Has Completed The Acquisition of Groupama Insurance Company
Dec 18, 2012UK non-life insurer Ageas has completed the acquisition of Groupama Insurance Company Limited, strengthening its multi-channel distribution approach and commitment to grow in Britain's broker market. The deal makes Groupama a separate ...
Tags: Ageas, Groupama Insurance Company, multi-channel distribution
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Fubon Financial Holding Will Foray Into The Banking Market in Southwestern China
Dec 17, 2012Fubon Financial Holding will foray into the banking market in southwestern China, as Xiamen Bank, under the auspices of the financial holding, will buy into a municipal commercial bank in the southwestern region, said Daniel Tsai, chairman ...
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Generali Would Dispose Its 69.13% Controlling Stake in Migdal Insurance
Dec 4, 2012Generali, an Italian underwriter has inked a deal with Eliahu Insurance to dispose its 69.13% controlling stake in Migdal Insurance and Financial Holdings for €705m, which is 16% down compared to a price of €835m settled in March ...
Tags: Generali, insurance, acquisition agreement, Solvency
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Taiwan's Overall Written Premiums for Non-Life Insurances Grew 7.03%
Nov 28, 2012Mainly driven by surging rates for insuring property against natural disasters, Taiwan’s overall written premiums for non-life insurances for the first 10 months grew 7.03% from a year ago, with the growth doubling insiders’ ...
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Non-Life Insurers in Taiwan Expect Their Premium Revenues to Exceed Those of 2011
Nov 27, 2012Taipei, Nov. 13, 2012 (CENS)--Thanks to growing income from auto-insurance policies, non-life insurers in Taiwan expect their premium revenues this year to exceed those of 2011 and to challenge new heights within five years. Non-life ...
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Dubai Is Gearing up to Form Alliance by Signing a Memorandum of Understanding with Samsung
May 14, 2012Dubai is gearing up to form an alliance by signing a memorandum of understanding with South Korea's Samsung Life Insurance. The alliance can later turn up into a joint venture, which will focus in marketing life insurance products to the ...
Tags: Life Insurance, Insurance Partnership, Dubai