Insurance News
Allianz Bought USD855mn More China Pacific H-shares
BEIJING, January 11, SinoCast ? Germany Allianz, the largest insurance group in the world, on January 10, 2011 issued an e-mail, saying that it on January 8 bought additional about USD 855 million H-shares in China Pacific Insurance (Group)...
China aims to attract overseas talent to help economic restructuring
China will attract overseas experts in equipment manufacturing and emerging industries this year to help its economic restructuring process, officials said Tuesday. The country would also recruit overseas talent who could help in the techno...
News Analysis: Obama shifts strategy with staff shakeup
It's not unusual for a president to reshuffle staff at term's halfway point, but President Barack Obama's recent pick for some of the most powerful jobs in Washington might represent a significant shift in his governing strategy. With his n...
New Captive Company Established in Maine
A new captive company has been established in Maine, the first since lawmakers updated the state's captive law last year, said Maine Insurance Superintendent Mila Kofman. First Maine Captive Inc. is an initiative of three Maine workers' com...
Former Oklahoma Regulator Joins the Blues
Former Oklahoma Insurance Commissioner Kim Holland joined the Blue Cross and Blue Shield Association as executive director of state affairs, the BCBSA announced. Holland will assist the 39 Blue Cross and Blue Shield companies on implementin...
PELOSI -- Statement on Beginning of GOP Repeal of Patients' Rights Debate
Contact: Nadeam Elshami/Drew Hammill, 202-226-7616 Pelosi Statement on Beginning of GOP Repeal of Patients' Rights Debate Washington, D.C. - House Democratic Leader Nancy Pelosi released the following statement today after the Republicans o...
John Hancock Life Insurance Unveils New Universal Life Product
John Hancock Life Insurance announced the launch of a new current assumption life insurance product: Protection UL. In a release, the company said Protection UL offers a premium often lower than leading lifetime guaranteed universal life po...
Assurant Sets Date to Report 2010 4Q and Full-Year Results
Assurant, Inc., a provider of specialty insurance and insurance-related products and services, will release 2010 fourth quarter and full-year results on Wednesday, Feb. 2 after the market closes, with the news release available on Assurant'...
CAMFT Unveils CounselingCalifornia.com to Help Californians Connect With Therapists
The California Association of Marriage and Family Therapists (CAMFT) announced the release of CounselingCalifornia.com, which aims to help Californians find counselors and therapists. According to a release, each year, nearly one in five Ca...
PICC Buys Capital Times Square
Beijing-based People's Insurance Company (Group) of China Limited (PICC) and its subsidiaries lately spent CNY 3.74 billion in buying Capital Times Square for self use, translating to less than CNY 31,000 per square meter. The insurance gro...
One million families to get life insurance facility
Director, Benazir Income Support Programme (BISP) Sukkur Region Qasim Bughio said that one million poor families would get life insurance facility under the BISP and termed it a New Year gift from the government to the masses. While talking...
Aust services sector still underperforming amid tough conditions
The Australian services sector continued to underperform in December as activity in the property and business services and the finance and insurance sub-sectors fell, a survey shows. The latest Australian Industry Group/Commonwealth Bank Au...
National Insurance Corporation Limited (NICL) scam
The investigations into the NICL scam leads to scions of corrupt politicians, who in the past have been part of the ruling elite with a history of such organized financial bungling, that were pushed under the carpet in the name of politics...
Citic Securities to handle People's Daily Online IPO
5 January 2011 - State-owned China Daily wrote today it had mandated local Citic Securities (SHA:600030) to arrange the initial public offering of its online website operator People's Daily Online. The company, which runs the People.com.cn...
eHealth Set to Possibly Rebound after Yesterday's Selloff of 4.93% (EHTH)
eHealth (NASDAQ:EHTH) traded in a range yesterday that spanned from a low of $13.61 to a high of $14.46. Yesterday, the shares fell 4.93%, which took the trading range below the 3-day low of $14.16 on volume of 596,000 shares. Often times a...
CNinsure, Continent Property Inked Strategic Cooperation
CNinsure Inc., the first insurance agency listing on the global main insurance agency, inked a head-to-head strategic cooperation agreement with China Continent Property Casualty Insurance Company Ltd. China Continent Property is the eighth...
Liberty Insurance Opens Drive-In Center in Beijing
Liberty Insurance Co., Ltd., the China-based wholly owned subsidiary of Liberty Mutual Insurance Group, opened a Jet Claim Drive-in Center in Beijing on December 22, its second such center in China well after that in Chongqing. The dirve-in...
AICC, Groupama Brewing Property Insurance JV
Aviation Industry Corporation of China (AICC) on December 22, 2010 announced the signing of a series of legal documents on the establishment of a property insurance joint venture with France Groupama. They are now preparing for the establis...
Insurers Rush to Buy Land
Several insurance companies lately are bidding for the land lots in the central business district (CBD) of Beijing. They include Taikang Life Insurance Co., Sino Life Insurance Co., Sunshine Insurance Group, and Anbang Property Casualty Ins...
Banks Reap CNY11.5bn Commission Charges on Bancassurance
Banks reaped CNY 11.564 billion bancassurance charges in the first nine months of 2010, according to the quarterly insurance intermediary report released by China Insurance Regulatory Commission on December 18. There were 2,546 specialist i...
INDIA'S IFFCO-TOKIO GENERAL INS. MULLS CAPITAL STRUCTURE CHANGE
India's Iffco- Tokio General Insurance will decide on whether it will alter its capital structure once the industry regulator notifies the IPO guidelines for insurance firms, a senior company official said on Thursday. The change in the cap...
AUSTRALIA'S NIB DROPS BID FOR HEALTH INSURER GMHBA
Australian private health insurer NIB Holdings Ltd (nib, ASX:NHF) has withdrawn its failed bid for Geelong-based health insurer GMHBA and says it will reassess its surplus capital in early 2011. Nib on Wednesday said it had withdrawn its re...
China Guodian Plans to Establish Property Insurer
China Guodian Corporation is planning to set up a property insurance company together with five other companies including Shenzhen-listed Hubei Triring Co., Ltd. The China Guodian plans to take a controlling 40% stake in the property insure...
Ping An Property and Casualty Unit Names New CEO
Ping An Insurance (Group) Company of China Limited (SHSE: 601318 and SEHK: 2318) announced yesterday that Sun Jianping had been promoted to chairman and chief executive officer for its properties and casualty division. The appointment of Mr...
PICC Paving the Way for Overall Listing
People's Insurance Company (Group) of China Limited (PICC) considers selling a 55% stake of China Huawen Investment Holding Co. (Huawen Holding), thus paving the way for listing as a whole. In June 2008, Beijing-based PICC acquired a 55% st...
Construction Bank Likely to Have an Insurance License
China's largest property lender China Construction Bank 601939.SH, 0939.HK) is guessed to take over the 50% stake that China Pacific Insurance (Group) Co. (CPIC, 601601.SH, 2601.HK) holds in Pacific-Antai Life Insurance. Pursuant to the ann...
Industry Analyst: Tibet Shows Promising Insurance Growth
Although Tibet is the last among the five autonomous regions in China to set up an insurance regulatory bureau, its premium growth of 44.67% from the second to the third quarters of 2010 shows the market's potential, said one insurance anal...
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Americans Say They Don''t Have a Voice Anymore, 2 In 5
Copyright 2009 Marketwire, Inc.All Rights Reserved Marketwire April 23, 2009
Merck sued over patent on allergy drug Singulair
NEW YORK_The battle over the patent on Merck and Co.'s allergy and asthma drug
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Humana Military Healthcare Services Promotes Flu
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CNA Appoints John Hennessy Chief Executive Officer,
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Copyright 2009 TheStreet.com, Inc.All Rights Reserved TheStreet . com May 18,
Sterling Financial Corporation of Spokane, Washington,
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