Breaking News
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...
RSA launches multi-cover Small Business Combined product
RSA, a UK-based insurance firm, has launched a new multi-cover Small Business Combined product, or SBC. RSA said that SBC offers multiple covers under one package including property damage, business interruption and liability. The product s...
Rep. Bean Joins Colleagues in House to Pass Final Wall Street Reform Bill
Contact: Jonathan Lipman (202) 225-3711 HOUSE PASSES FINAL WALL STREET REFORM BILL Bean argues for passage on House floor WASHINGTON - Congresswoman Melissa Bean, (IL-08), recognized as a national leader on Wall Street Reform, joined collea...
China to improve small firms' access to finance
Beijing, July 1 (Xinhua) - China pledged Thursday to improve financial services for small and medium-sized enterprises (SMEs) by offering them better access to finance. The People's Bank of China (PBOC), China's central bank, outlined princ...
IMF EXTENDS SRI LANKA DEAL, RELEASES US$400 MLN
The International Monetary Fund has released US$407.8 million to Sri Lanka held back after last year's budget went off the rails, and extended the deal by a year on the promise of more responsible fiscal management this year. The IMF held b...
House airing for financial services reform
Australian Financial Services Minister Chris Bowen has briefed federal parliament on planned reforms for the sector. A major change will be the banning of commissions paid to financial planners by product providers, while accountants will a...
INDONESIA'S PANIN LIFE POSTS US$38 MLN Q1 GROSS PREMIUM INCOME
Indonesian insurer PT Panin Life (JSX:PNLF) posted Rp350 billion (US$38 million) in gross premium income in the first quarter of this year. The insurance subsidiary of the Panin Group has set a premium income target at Rp1.68 trillion this...
Sri Lanka's state non-tax income up 26.3% in Q1: Official data
Sri Lanka has seen steep increase in non-tax incomes in the first quarter of 2010 which accounted for more than half the revenue gains made by the state, official data shows. State revenues increased by 26.3 per cent in the first quarter to...
S Korean insurer Samsung eyes Chinese auto insurance mkt
SAMSUNG FIRE MARINE INSURANCE CO. (KSE:000810), South Korea's No. 1 non-life insurer, said Monday it plans to make inroads into the Chinese auto insurance market with a tie-up with Chinese insurance firm HUATAI INSURANCE CO (SSE:601688). Sa...
BUSINESS IN ASIA TODAY - JUNE 16, 2010
KAZAKHSTAN, CHINA SIGN GAS, NUCLEAR ENERGY DEALS ASTANA - China and Kazakhstan have agreed to build and finance a gas pipeline and deepen nuclear energy ties, extending Beijing's influence in a region where it has used its financial might t...
ClearRisk 2.0 Delivers the Only Online Risk Management Back Office Built for Regional Insurance Brokers
Today ClearRisk(TM) Inc launches version 2.0 of its ClearRisk Manager (http://www.clearriskmanager.com) application; it includes functionality that will allow Insurance Brokers to interact with clients in ways they've never been able to bef...
Today's Picks
AIG Confirms Loss of Directors at Banque AIG
(BestWire Services Via Acquire Media NewsEdge) American International Group Inc
Kingsway Financial Services Leads AMBG Tuesday that
The AMBG closed Tuesday, Oct. 20, at 830.53 (-0.80%). Of the 15 A.M. Best stock
Divided Democrats Put Obama In Health Care Bind
As President Obama struggles to regain control of the health care debate, he's
Why Does This Doctor Want to Be a Lawyer?
S In December, the same month he turns 44, Levine will graduate from Stetson
Washington State Enacts STOLI Bill With Mandatory
Washington Gov. Christine Gregoire signed a life settlement bill that includes
Sun Alliance Expects to Make Profit in 2010
The premium revenue Sun Alliance Insurance (China) Ltd. gained in China in the
Sens.Dodd,Corker Try to Bring New Life to Financial
Sen. Chris Dodd, the chief author of the Senate's financial system reform
Six in ten say Turn off family medical care because of
Copyright: Unknown Source: PR Newswire US Wordcount: PUBLIC CONTINUES TO
Rising unemployment forces in Florida, 21 other states
Rising unemployment has now forced 22 states, including Florida, to borrow
Hanover Insurance launches new management liability
US-based The Hanover Insurance Group has launched a new nonprofit management
Geithner seeks new powers over financial corporations
Copyright: The Associated Press. All rights reserved. This material May not be
Mitsui Sumitomo To Offer Coverage Against Cloud Risk
Mitsui Sumitomo Insurance Co. is offering companies protection against computer
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- Class-action Suit Filed Against Nationwide Insurance
- Fiesta Insurance Plans 18 New Stores after Sales Growth
- Hartford Lawsuit Accuses Arch of Poaching Employees, Business
- Couple Charged With $38 Million Workers' Compensation Insura
- Florida Regulators Cite Liberty National Life Insurance In B
- BestWeek: Combined Ratio for P/C Writers Tips 100 Mark in Fi
- Allstate Asks N.J. for 15.4% Average Auto Rate Increase
- ‘Cash for Clunkers’ Requires Year of Continuous Auto Insurance Coverage on Trade-In
- Towers Perrin, Watson Wyatt Merger Could Shake Up Employee Benefits Industry
- Judge Upholds $13.1 Million Verdict in Lincoln Annuity Patent Case
