Earlier this year, I blogged about the excitement in China generated by the news that its Dalian Wanda Group planned to invest $1.09 billion to build and operate a luxury hotel in London. At the time of their announcement (made in the ...
PT Asuransi Allianz Life Indonesia has debuted an assortment of three new micro-insurance policies comprising life, house and health insurance, for low-income people. Allianz Life Indonesia vice president director Handojo Kusuma was ...
Tags: Allianz, Micro-Insurance, Indonesia
UK-based life and general insurer Aviva has embarked on a conditional agreement to divest its entire 39% stake in Eurovita Assicurazioni, to New York-based private equity firm JC Flowers, in a cash transaction valued at approximately ...
Tags: Aviva Agrees, Insurer
South Korea-based insurance conglomerate Hanwha Life has forayed into Indonesian insurance market with a strategy to gain 1.5% share of the country’s insurance market. The expansion follows the acquisition of 80% stake of PT ...
Tags: insurance, Hanwha Life, Insurance Market
UK-based diversified insurance company Aviva is reportedly considering divesting its 26% shareholding in its Indian life insurance joint venture (JV) Aviva India, which represents its exit from the business in the country market. The ...
Tags: Aviva, Insurance JV
Diversified insurance conglomerate Liberty Mutual Insurance has appointed Glenn Shapiro as its new executive vice president, commercial insurance, and chief claims officer. Replacing George Neale, Shapiro will also lead a commercial lines ...
Tags: Liberty Mutual Insurance, Commercial Lines Claims Organization
Diversified insurance conglomerate Liberty Mutual Insurance is planning to reduce nearly 425 positions in Ireland, due to demand from extra employees for voluntary redundancy. A Liberty spokesman was quoted by Irish Times as saying that ...
Dutch 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
Alterra Capital Holdings has posted a whooping rise of 142% in its net income to $78.9m, or $0.77 per diluted share, for the second quarter of 2012, against $32.6m, or $0.30, for the same period earlier year. Bermuda based insurance ...
Tags: Alterra Capital Holdings, net income, increase, second quarter