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insurance arm
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Chilean Financial Institution Corpgroup Is Mulling Over Divestment of Its Insurance
Sep 25, 2013Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
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Afghan Cashmere Facility Was Insured by World Bank's Miga
Sep 16, 2013The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank Group, is insuring a cashmere scouring and disinfection facility in Heart province of Afghanistan. The MIGA-supported project will ...
Tags: Miga Insures
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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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Manulife, HDFC Life Have Submitted Their Bids to Acquire HSBC's Indian Life Insurance arm
Apr 15, 2013Canada based financial services group Manulife Financial and HDFC Life, the Indian affiliate of Standard Life, have submitted their bids to acquire HSBC's Indian life insurance arm, which has a market value of nearly $200m. As part of a ...
Tags: Manulife, HDFC Life, financial services
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Dai-ichi Life, Zurich and Allianz are gearing up to bid for the insurance arm
Feb 19, 2013Japan's Dai-ichi Life Insurance, Zurich Insurance Group and Allianz in Germany are gearing up to bid for the insurance arm of Turkish bank Yapi ve Kredi Bankasi, Yapi Kredi Sigorta, to expand their footprint in Turkey. Yapi Kredi Sigorta ...
Tags: Japan, Dai-ichi Life Insurance, Zurich Insurance Group, Allianz
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ING Is Planning to Reduce Approximately 2,400 Positions in Insurance
Dec 17, 2012Dutch insurance conglomerate ING is planning to reduce approximately 2,400 positions in insurance and banking arms over the next two years, in a bid to save €460m annually. The firm will eliminate 1,350 jobs in its insurance arm, ...
Tags: Dutch insurance, ING, insurance arm
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FSA Has Fined Japan's MSIEu
Dec 6, 2012The UK Financial Services Authority (FSA) has fined Japan's Mitsui Sumitomo Insurance's European unit (MSIEu) and banned its former executive chairman, Yohichi Kumagai for serious corporate governance failings. The UK watchdog has fined ...
Tags: Financial Services Authority, Mitsui Sumitomo Insurance, watchdog
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Tower Group Has Announced Sale of Its Health Insurance Business for $102m
Dec 3, 2012US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...
Tags: Tower Group, health insurance, insurance, insurance product
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RBS Is Gearing up to Slash About 900 Employees
Nov 30, 2012Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
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Dubai Group Is in Talks to Sell Its 45 Percent Stake in a Joint Venture Firm
Sep 19, 2012Dubai Group is in talks to sell its 45 percent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. Lafarge ...
Tags: market view, cement
