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Swiss Re
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Zurich Insurance Group Is Set to Dispose of Its Remaining 9.4% Stake
Nov 25, 2013Switzerland’s multi-line insurance provider Zurich Insurance Group is set to dispose of its remaining 9.4% stake in New China Life Insurance (NCI) for $943m (£584.7m), to diversify its Asian operations. Zurich plans to ...
Tags: Zurich Insurance, Life Insurance
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11.3% Direct Stake Is Divested by ING in Sulamerica to Swiss Re
Nov 20, 2013Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
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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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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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DFS Ordered Lloyd's of London to Furnish The Comprehensive Details
Sep 2, 2013The New York Department of Financial Services (DFS) has ordered Lloyd's of London to furnish the comprehensive details about the findings of its internal market investigation over the potential violations of the US sanction laws, while ...
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Swiss Re Posted Net Profit of $786m for The Second Quarter of 2013
Aug 13, 2013Swiss Re Group has posted net profit of $786m for the second quarter of 2013, compared to $83m during the corresponding period earlier year, despite high level of natural calamities. Commenting on the financial performance in the quarter, ...
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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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Berkshire Hathaway Agreed to Reimburse $610m to Swiss Re, a Re/Insurance Group
Apr 2, 2013US-based diversified conglomerate Berkshire Hathaway has agreed to reimburse $610m to Swiss Re, a re/insurance group, over a life retrocession agreement that was completed in 2010. After the completion of the agreement, the total ...
Tags: Service
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Aon Benfield Has Unveiled a New Weather Reinsurance Product
Jan 29, 2013Aon Benfield has unveiled a new weather reinsurance product, WExcess, intended to mitigate adverse weather losses for UK insurers. Developed in collaboration with reinsurer Swiss Re and weather risk management specialists CelsiusPro, the ...
Tags: reinsurance product, Aon, reinsurance
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LV= and Swiss Re Successfully Completed GBP800m Longevity Insurance Contract
Dec 17, 2012Mutual insurance, retirement and investment group LV= and Swiss Re successfully completed GBP800m ($1.3bn) longevity insurance contract. The longevity contract involves longevity exposure insurance for 5,000 individuals who were members ...
Tags: Mutual insurance, longevity insurance contract, insurance
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Akzo Nobel Has Signed a Longevity Insurance Deal Worth ?1.75bn with Zurich-Based Swiss Re
Dec 7, 2012Dutch's paint and chemicals group Akzo Nobel has signed a longevity insurance deal worth €1.75bn with Zurich-based Swiss Re, under which the reinsurer's UK subsidiary ReAssure will write the UK pension funds of Akzo. As per the ...
Tags: Akzo Nobel, longevity insurance, ReAssure, Towers Watson
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L&T May Enter Into a Strategic Alliance with Zurich-Headquartered Swiss Re
Dec 6, 2012Larsen & Toubro (L&T) may enter into a strategic alliance with Zurich-headquartered Swiss Re to set up a health insurance joint venture (JV) in India. Sources familiar with the matter told Moneycontrol.com: "Swiss Re will pick up 26% ...
Tags: L&T, health insurance, Swiss Re
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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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Jackson Has Completed The Acquisition of SRLC America Holding From Swiss Re
Dec 4, 2012Retirement Solutions provider Jackson National Life Insurance, an indirect, wholly-owned subsidiary of Prudential, has completed the acquisition of SRLC America Holding from Swiss Re. Originally announced on 31 May 2012, the deal has ...
Tags: Jackson National Life Insurance, life insurance, insurance, acquisition
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Pension Corp Has Raised Nearly ?300m by Disposing Schemes to Reinsurer Munich Re
Dec 4, 2012UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes