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Property and casualty
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Deutsche Bank Sells 20% Hua Xia Stake
Dec 31, 2015Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...
Tags: Deutsche Bank, Hua Xia Stake
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Deutsche Bank to Sell 20 Pct Hua Xia Stake
Dec 29, 2015Deutsche Bank has agreed to sell its 20-percent stake in China's Hua Xia Bank to PICC Property and Casualty Co. for over 3.3 billion US dollars. Germany's biggest lender says the completion of the transaction will be subject to customary ...
Tags: Deutsche Bank, Hua Xia Stake
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ACE Has Cautioned F&B manufacturers to Be Ready for More Product Liability Claims
Apr 9, 2014Global multiline property and casualty insurer ACE has cautioned food and beverage (F&B) manufacturers to be ready for more product liability claims, as new EU food labelling regulation takes effect this year. The new regulation, which is ...
Tags: Food Labelling, food producers
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Lloyd Agree Ironshore's Pembroke to Manage Acappella Syndicate 2014
Dec 6, 2013Pembroke Managing Agency of Ironshore has been granted permission by Lloyd's to manage a new syndicate for the 2014 year of account. Called Acappella Syndicate 2014, the new entity with a £75m stamp capacity is planning to raise ...
Tags: Service
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Global Export Protection Is Unveiled by ACE in Continental Europe
Nov 29, 2013ACE Group, a global multiline property and casualty insurer, has rolled out its new and improved risk management plan for companies in Continental Europe, to support the evolving casualty needs of middle-market businesses. Dubbed as ACE ...
Tags: ACE, Export Protection, Continental Europe
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Leavitt Group Merged Three Southern California Agencies to Boost Operational Efficiency
Nov 25, 2013Leavitt Group has merged its three Southern California agencies, including Valley Insurance Service, Leavitt Benefits Insurance Services of Southern California and Pridemark-Everest Insurance Services, to boost operational efficiency. ...
Tags: Leavitt Group, Service
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Valen Analytics Insureright Platform Is Implemented by FHM Insurance Company
Nov 25, 2013Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurance carriers manage and drive underwriting profitability, announced a new customer engagement with FHM Insurance Company (FHM), a property and ...
Tags: Insurance, Insureright Platform
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MGA Insurance's Retail Unit Is Bought by Assuredpartners
Nov 19, 2013Insurance brokerage firm AssuredPartners, through its Dawson Companies platform, has purchased MGA Property & Casualty Insurance Agency, the retail division of MGA Insurance, for an undisclosed amount. Based in Sarasota, Florida, MGA ...
Tags: Insurance, AssuredPartners
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Liberty Mutual Insurance Is Set to Acquire Mexican Surety Company Primero Fianzas
Nov 15, 2013Liberty Mutual Insurance, an American global insurer, is set to acquire Mexican surety company Primero Fianzas from private investor group Grupo Valores Operativos Monterrey. Terms of the deal, which is subject to the receipt of ...
Tags: Liberty Mutual Insurance, insurer
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Willis Selected Agencyport Software's Risk Exposure Aggregation Solution, Open Xposure
Nov 14, 2013Willis, a global risk advisor and insurance and reinsurance broker, has selected Agencyport Software's risk exposure aggregation solution, OPEN Xposure, for its Global360 initiative. The company caters to the marine, energy, aviation, ...
Tags: risk advisor, insurance
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New Solution Is Launched by IVANS Insurance for Automobile Industry
Nov 14, 2013IVANS Insurance Solutions, a division of software firm Applied Systems, has launched IVANS ALIR Pro Online, a new hosted solution for automobile liability insurance reporting (ALIR). The solution provides carriers with a hosted ...
Tags: Automobile Industry, Insurance
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Allianz Group Has Reported a 6.3% Rise in Net Profit to More Than 1.4bn in Q3 of 2013
Nov 12, 2013Allianz Group, a Germany-based insurance provider, has reported a 6.3% rise in net profit to more than €1.4bn in the third quarter of 2013 compared with a year ago period. The profit increase was driven by the insurer's property and ...
Tags: Allianz, post, rise, net profit
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AIG Japan Is in The Process of Implementing Guidewire PolicyCenter
Nov 8, 2013Guidewire Software, Inc. (GWRE), a provider of Property/Casualty (P/C) insurance software products, announced that AIG Japan is in the process of implementing Guidewire PolicyCenter as its new underwriting and policy administration solution ...
Tags: Guidewire, Billing Systems
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Howden Broking Group Has Acquired Tel Aviv-Based Insurance Broker Bar-Ziv Ravid Insurance
Nov 7, 2013UK-based insurance services provider Howden Broking Group has acquired Tel Aviv-based insurance broker Bar-Ziv Ravid Insurance Group for an undisclosed amount to expand its operations in Israel. Founded in 1976, Bar-Ziv Ravid Insurance ...
Tags: insurance, Howden Broking Group
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Frost Insurance has purchased Kolkhorst Insurance Agency
Nov 5, 2013Frost Insurance has purchased Kolkhorst Insurance Agency, an independent Houston-based insurance agency that provides a range of property and casualty, personal lines and surety products. Commenting on the acquisition, Frost Insurance ...
Tags: Insurance, Frost Insurance