Insurance News
New Insurer Development Manager At Kwik Fit Insurance
Leading UK home and car insurance (http://www.kwik-fitinsurance.com/) intermediary Kwik Fit Insurance has appointed Sandy Keith as insurer development manager. Sandy, who has been with the Kwik Fit Financial Services group since 2001, assum...
Securian Financial to purchase Ochs
Securian Financial Group, a US-based insurance firm, is planning to purchase Ochs, an employee benefits brokerage firm. Ochs will be wholly owned by Securian, and will continue as an independent distributor. Ochs markets group life through...
HSBC ACQUIRES RBS' INDIA BUSINESS WORTH US$1.8 BLN
The Hongkong and Shanghai Banking Corporation on Friday announced it will acquire the Indian business of Royal Bank of Scotland worth US$1.8 billion, a move that will help the British giant gain greater exposure in the country. RBS's retail...
Philhealth coverage in Western Visayas reaches 1.55 million
national health insurance program (NHIP), Philippine Health Insurance Corporation (Philhealth) has around 1, 554, 921 or an estimated 7, 539, 066 members including their dependents in Western Visayas. As of May this year the membership data...
S. Korea's export insurer signs MOU with Mexican power company
South Korea's state-run export insurer said Friday it has signed a pact with a Mexican power company aimed at helping local businesses take part in an industrial plant building project in the North American country. The memorandum of unders...
Baucus Urges Passage of Support for Out-Of-Work Americans
Contact: Scott Mulhauser/Erin Shields (Baucus) (202) 224-4515 BAUCUS URGES PASSAGE OF SUPPORT FOR OUT-OF-WORK AMERICANS Finance Chairman Rebukes Obstruction of Bill to Reinstate Eligibility for Unemployment Insurance Benefits, Extend Homebu...
CHINESE INSURER PING AN TO EXPAND BANKING & INVESTMENT BUSINESS
The Ping An Insurance Group of China (SEHK:2318, SSE:601318) plans to expand its banking and investment business to account for 50 per cent of its total business in four or five years, said Yao Bo, deputy general manager of the Ping An Grou...
American International Rises 2.24% on Heavy Volume: Watch For Pullback
American International (NYSE:AIG) traded in a range yesterday that spanned from a low of $38.30 to a high of $39.71. Yesterday, the shares gained 2.24%, which took the trading range above the 3-day high of $38.50 on volume of 7.4 million sh...
Downey Joins Edgewood Partners Insurance Center
Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, has added Cheryl Downey as a Senior Vice President in its San Ramon-based Programs Group. According to a release, Downey will continu...
Quarterly disclosures from Indian insurers required soon
India's Insurance Regulatory and Development Authority (IRDA) on Friday said it will ask insurance companies to announce quarterly disclosures and will talk to consultancy firm DELOITTE to come up with a format. IRDA member for finance and...
ASSETS OF INDONESIA'S INSURANCE INDUSTRY UP 145.6% IN Q1
The assets of Indonesia's insurance industry shot up 145.6 per cent to Rp347.49 trillion (US$37.7 billion) in the first quarter of this year from Rp141.46 trillion a year before. Commercial insurance assets made up 55.6 per cent or Rp193.57...
Regulators Cut Insurance Companies Some Slack
Florida regulators have agreed to allow a once-troubled property insurer to enter hurricane season prepared not for a big hurricane, but multiple smaller ones. The Orlando-based Olympus Insurance is among the first to publicly take advantag...
Pilots Turn Down 30% Increase over Five Years And A $3,000 Signing Bonus Per Pilot At An Increased Cost of Over $70M USD
Spirit Airlines with the help of the National Mediation Board worked tirelessly through the night until 5:00 am to reach a fair and equitable agreement with its pilot union. Spirit offered over 30 percent pay increases totaling $70 million...
Since Reporting Quarterly Results 44 Days Ago Aspen Insurance Is Down 12.79%
When Aspen Insurance (NYSE:AHL) reported earnings 44 days ago on April 28, 2010, analysts, on average, expected the company to report earnings of $0.06 on sales of $520 million. The company actually reported EPS of $0.01 on sales of $538 mi...
INSURANCE AUSTRALIA GROUP EXEC PICKS UP ORDER OF AUSTRALIA AWARD
Australian bank and insurance executive Michael Hawker has been recognised for his service to the financial sector and his work mentoring young Australians. Mr Hawker was the chief executive and managing director of Insurance Australia Grou...
Beijing Tops Market By 2009 Insurance Penetration
Over the past year, Beijing ranked No.1 with the insurance penetration of 5.9%, People's Bank of China (PBOC) said in a latest report. Following Beijing is Sichuan, Shanghai, Hebei, Shanxi and Tibet. By the insurance density, such economica...
MetLife 2 China JVs Merging, Insurance Policies Not Affected
Sino-US MetLife Insurance Co., Ltd. and United MetLife Insurance Co., Ltd., MetLife's two life insurance joint ventures in the Chinese market, have reached an agreement over a merger. To be specifically, Sino-US MetLife will be merged by Un...
FIDELITY BOND AND FIDUCIARY INSURANCE
NOTICE TYPE: CONTRACT AWARD SOURCE: Published in FedBizOpps DATE POSTED: 10-JUN-10 AGENCY: Department of the Treasury OFFICE: Office of Thrift Supervision (OTS) LOCATION: PROCUREMENT AND ADMINISTRATIVE SERVICES OFFICE ADDRESS: DEPARTMENT OF...
Western Financial seeks USD25m from public stock offering, private placement
11 June 2010 - Canadian insurance and banking services provider Western Financial Group Inc (TSE:WES) said on Thursday it was on track to raise some USD25m (EUR20.7m) from a public offering and a private placement of common stock. The compa...
Listed Insurers Expected to Bring Fat Returns to Investors
China's listed insurance companies are expected to bring fat returns to insurance stock investors in the coming years. In the coming three years, the growth of the Chinese economy might slow down. Still, the sustainable economic growth can...
China Insurers Suffered Investment Losses in Jan-Apr
During the four months from January to April 2010, Chinese insurance companies suffered investment floating losses of about 10.11 billion, the first time for them to suffer such losses from the equity investment. During the first four month...
CITIC-Prudential Closes Investment-linked Insurance Account
CITIC-Prudential Life Insurance Company Ltd., a Sino-foreign life insurer based in the southern boomtown Guangzhou, has been approved to close the first investment-linked insurance account specially for investing in new stocks, according to...
CNinsure partners with Taiping General Insurance
CNinsure, Inc., an insurance intermediary, has signed a strategic partnership agreement with Taiping General Insurance Co., Ltd., a property and casualty insurance company. Both the companies are based in the China. Under the agreement, CNi...
Best's Rating Notification - Courtesy Insurance Company
A.M. Best Company has made the following rating update: Company: Courtesy Insurance Company AMB Number: 10863 Current Rating: A Previous Rating: A To obtain more information about this company, please visit: http://www3.ambest.com/frames/fs...
Best's Rating Notification - Arizona Dental Insurance Service Inc
A.M. Best Company has made the following rating update: Company: Arizona Dental Insurance Service Inc AMB Number: 64971 Current Rating: NR-4 Previous Rating: A- To obtain more information about this company, please visit: http://www3.ambest...
Hub International Acquires Assets of Risk Transfer Insurance Alliance, LLC
Hub International Limited (Hub), a leading insurance brokerage firm, announced today that it has acquired the assets of Risk Transfer Insurance Alliance, LLC (RTIA), a Southborough, Massachusetts-based retail brokerage firm with offices in...
Sound Corporate Governance Vital for MENA's Insurance Industry
Under the patronage of HE Sultan Bin Saeed Al Mansoori, the UAE Minister of Economy, Hawkamah, the Institute for Corporate Governance today held a Workshop focused on corporate governance best practices in the Middle East and North Africa's...
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Copyright 2009 Marketwire, Inc.All Rights Reserved Marketwire April 23, 2009
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