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underwriting businesses
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ING Group Has Sold Its 26% Stake in ING Vysya Life Insurance Company to Its Joint Venture
Mar 27, 2013Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
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ING Disposed of Its Underwriting Businesses in Hong Kong, Macau and Thailand
Mar 4, 2013Dutch insurer ING has disposed of its underwriting businesses in Hong Kong, Macau and Thailand to Pacific Century Group (PCG), for a combined consideration of €1.64bn ($2.14bn) in cash. ING insurance operations in Hong Kong and Macau ...
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Swett & Crawford Completed The Purchase of Georgia-Based Southern Hospitality Underwriters
Feb 18, 2013Swett & Crawford, an independent wholesale broker, has completed the purchase of Georgia-based Southern Hospitality Underwriters (SHU) for an undisclosed amount. The acquisition, which closed on 31 January 2013, compliments the company's ...
Tags: Swett&Crawford, wholesale broker, Southern Hospitality Underwriters
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Nationwide Mutual Insurance Company Has Integrated Harleysville Mutual Company
Jan 1, 2013Nationwide Mutual Insurance Company has formally integrated Harleysville Mutual Insurance Company and Harleysville Group into its underwriting businesses. Harleysville president and chief operating officer Michael Browne said that ...
Tags: Nationwide Mutual Insurance, Single Entity, underwriting businesses
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Argo Group International Holdings Has Received Approval From Spain Regulators
Dec 18, 2012ArgoGlobal SE,a subsidiary of Argo Group International Holdings has received approval from Spain and France regulators to carry out underwriting businesses through their branches. ArgoGlobal SE will now provide primary and excess ...
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AIG Has Reported 27% Rise in Net Income Attributable to AIG
Dec 6, 2012American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income
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HSBC Has Geared up to Dispose Its Vietnamese Insurance Business
Dec 6, 2012UK's HSBC Holdings has geared up to dispose its Vietnamese insurance business with an anticipated price of $400m, as part of its strategy to exit non-core operations worlwide. A source close to the potential deal told Reuters that HSBC ...
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ING Would Have Been Shortlisted for Its Life Underwriting Businesses in Asia
May 31, 2012Korea Life Insurance Co and KB Financial Group have been shortlisted by ING for its life underwriting businesses in Asia. Sources close to the matter have told that the sales process allows bidders to bid for only part of the business, ...
Tags: ING, Korea Life, KB Financial, Asian Life-insurance Unit
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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
