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    • JCR maintains Asahi Fire & Marine Insurance's BBB+ debt rating

      2 September 2010 - JCR upheld on Thursday its BBB+ rating with a stable outlook on the senior debts of Japanese company Asahi Fire Marine Insurance Co Ltd. Although Asahi Fire Marine Insurance continues to generate results to a certain degr...

    • Sony Bank earns higher investment-grade rating from S&P on group aid

      2 September 2010 - SP today lifted by one step its investment-grade ratings on Japanese lender Sony Bank citing stronger support from its parent, Sony Financial Holdings (TYO:8729). The bank now carries A/A-1 counterparty ratings with a sta...

    • 38% select default option for pension scheme.

      According to new research conducted by Baring Asset Management (Barings)[1], almost 17 million people in work in Britain (48%) have never reviewed their pension plans. Only one in five (21%) working adults in Britain has reviewed their pens...

    • CPIC to Buy Additional Shares of Shanghai Rural Bank

      As one of the three leading insurance groups of China's Mainland, the financial center Shanghai-based China Pacific Insurance (Group) Co., Ltd. (CPIC, 601601.SH) may participate in the private share placement of Shanghai Rural Commercial Ba...

    • TAIWAN, HONG KONG TO COLLABORATE IN SERVICE SECTOR

      Taiwan and Hong Kong were urged Monday to forge partnerships in the service sectors on each side to explore the growing Chinese market. Taiwan has great potential to explore business opportunities in the Chinese service market due to the si...

    • Ping An, BoCom Cooperate in Bancassurance

      Ping An Insurance (Group) Company of China Limited (Ping An, 601318.SH, 2318.HK) and Bank of Communications (BoCom, 601328.SH) days ago disclosed in a joint announcement that they will establish the strategic cooperation in bancassurance. B...

    • AIA Striving for Re-bidding by Chinese Consortium

      BEIJING, August 19, SinoCast -- AIA, a subsidiary under the US AIG specializing in the life insurance in Asia, is likely to re-negotiate with Chinese acquisition consortium as it has to increase the chip on its listing in Asia. Three Chines...

    • ICRA retains ratings of GIC Housing Finance

      18 August 2010 - Indian credit rating agency ICRA retained yesterday the ratings of LAA+ and of A1+ on the respective long-term bank lines and short-term borrowing programme of local GIC Housing Finance Ltd (BOM:511676). The ratings take in...

    • The Malaysian economy registered a strong growth of 8.9 percent in the second quarter of 2010

      The Malaysian economy registered a strong growth of 8.9 percent in the second quarter of 2010, driven by sustained expansion in domestic demand and continued robust growth in external demand. Given the first-quarter economic growth of 10.1...

    • S. KOREA'S FARMERS' CO-OP TO SPIN OFF CREDIT CARD DIVISION

      The National Agricultural Cooperative Federation (NACF), South Korea's agricultural cooperative lender, plans to spin off its credit card division and launch an insurance business after finishing its ongoing business reorganization, the hea...

    • SAFE Investments Said to Issue CNY54bn Bonds Soon

      China SAFE Investments Ltd., a wholly-owned subsidiary of the USD 200 billion Chinese sovereign wealth fund China Investment Corp. (CIC), plans to issue not more than CNY 54 billion renminbi bonds on the inter-bank bond market on August 24,...

    • Capgemini wins five-year contract from Main Street America

      Capgemini has won a five-year application management services contract from The Main Street America Group, a property and casualty insurance company. Under this new agreement, Capgemini will provide a service-based application management so...

    • ANZ wealth names new head

      John Van Der Wielen will assume the role of head of ANZ Bank's wealth management operations in October 2010. The operations will be run by Harry Stout, the MD of ING Australia, until that time. Van Der Wielen is ex-head of St Andrew's Insura...

    • CNA's EVP to Keynote Insurance & Technology's 2010 Executive Summit

      UBM TechWeb's Insurance Technology, a technology media brand focused on serving insurance industry IT and business leaders, announced that George Fay, CNA's EVP Worldwide PC Claim, will be the keynote speaker at the 12th Annual Executive Su...

    • Aon Gains on MMC With Its $4.9 Billion Acquisition of Hewitt

      Aon Corp.'s $4.9 billion acquisition of human resources and outsourcing company Hewitt Associates not only increases the insurance broker's top line, it also puts it more in direct competition with its top rival, Marsh McClennan Cos., obser...

    • Do Not Wait for Insurance Settlement;SBA Urges Return of Applications by August 23 Deadline

      The U.S. Small Business Administration is reminding disaster victims in eligible West Virginia counties not to wait to settle with their insurance companies before applying for disaster loan assistance. The SBA encourages victims of the sev...

    • Majority of Canadians have paid bills late

      Have you ever forgotten to pay a bill on time, missed the due date or misplaced a bill? If you have, you are not alone. These are the top three reasons that Canadians give for why they have missed paying their bills, according to the TD Can...

    • Unico American Chooses Wyde to Replace Its Legacy System

      Unico American Corp. has announced its engagement of the Wyde Corp. to deploy a new policy administration system for the Company's Crusader Insurance Company subsidiary as well as to support other subsidiary operations. Configuration and im...

    • TUGU PRATAMA INDONESIA POSTS 16.25% RISE IN H1 PREMIUM INCOME

      PT Asuransi Tugu Pratama Indonesia (TPI) posted Rp801 billion (US$88 million) in premium income in the first half of this year, up 16.25 per cent from the same period last year. Tugu Pratama's marketing director M. Jusuf Adi Sofyadi attribu...

    • Indonesian insurer Tugu Pratama logs US$88 mln H1 premium income

      PT ASURANSI TUGU PRATAMA INDONESIA (TPI) posted Rp801 billion (US$88 million) in premium income in the first half of this year, up 16.25 per cent from the same period last year. Tugu Pratama's marketing director M. Jusuf Adi Sofyadi attribu...
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