http://www.news-insurances.com News-Insurances.com is an independent online media providing the latest insurance news for the insurance industry and consumers Mon, 06 Sep 2010 23:35:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 http://www.news-insurances.com/italy-fondiaria-sai-to-sell-its-gesfid-division/0167309680 http://www.news-insurances.com/italy-fondiaria-sai-to-sell-its-gesfid-division/0167309680#comments Mon, 06 Sep 2010 09:22:32 +0000 Tom Scott http://www.news-insurances.com/?p=309680 Fondiaria-Sai, Italy’s second largest insurance company is in exclusive talks with PKB Privatbank AG, a Swiss bank owned by the Trabaldo Togna family, to sell its Banca Gesfid SA unit, according to Luca Soncini general manager at PKB. “Talks are at an advanced stage,” Soncini sais that talks are at an advances stage. Gesfid, a [...]]]> http://www.news-insurances.com/italy-fondiaria-sai-to-sell-its-gesfid-division/0167309680/feed 0 http://www.news-insurances.com/maiden-holdings-announces-agreement-to-acquire-gmac-international-insurance-services/0167181790 http://www.news-insurances.com/maiden-holdings-announces-agreement-to-acquire-gmac-international-insurance-services/0167181790#comments Tue, 06 Jul 2010 17:40:09 +0000 Damian Dozol http://www.news-insurances.com/?p=181790 Maiden Holdings, Ltd today announced that it has entered into a definitive agreement to acquire the majority of the reinsurance-related infrastructure, assets and liabilities of U.K.-based GMAC International Insurance Services, Ltd., including renewal rights on nearly $100 million of predominantly personal auto quota share reinsurance as well as the supporting business development subsidiaries in Europe. [...]]]> http://www.news-insurances.com/maiden-holdings-announces-agreement-to-acquire-gmac-international-insurance-services/0167181790/feed 0 http://www.news-insurances.com/prudentials-thiam-vows-to-regain-trust-after-aia-failure/0167125716 http://www.news-insurances.com/prudentials-thiam-vows-to-regain-trust-after-aia-failure/0167125716#comments Mon, 07 Jun 2010 15:21:06 +0000 George Stobbart http://www.news-insurances.com/?p=125716 Under-fire Prudential chief executive Tidjane Thiam apologised to shareholders on Monday for the failed takeover of US insurance giant AIG’s Asian unit AIA and vowed to work to regain their trust. Thiam told the British insurance company’s annual general meeting that the collapse of the ambitious 35.5-billion-dollar (30-billion-euro) bid last week had caused “significant strains” [...]]]> http://www.news-insurances.com/prudentials-thiam-vows-to-regain-trust-after-aia-failure/0167125716/feed 0 http://www.news-insurances.com/swiss-insurer-zurich-takes-foothold-in-indonesia/0167125174 http://www.news-insurances.com/swiss-insurer-zurich-takes-foothold-in-indonesia/0167125174#comments Mon, 07 Jun 2010 12:08:00 +0000 George Stobbart http://www.news-insurances.com/?p=125174 Swiss insurer Zurich Financial Services said on Monday it had gained a foothold in Indonesia’s fast growing life insurance market with an agreement to buy 80 percent of Indonesian firm PT Mayapada Life The Swiss group said the acquisition would mark the first step in its expansion plans in Indonesia — one of the world’s [...]]]> http://www.news-insurances.com/swiss-insurer-zurich-takes-foothold-in-indonesia/0167125174/feed 0 http://www.news-insurances.com/all-of-the-uks-major-credit-card-providers-treat-any-form-of-gambling-activity-on-a-credit-card-as-a-cash-withdrawal/0167113454 http://www.news-insurances.com/all-of-the-uks-major-credit-card-providers-treat-any-form-of-gambling-activity-on-a-credit-card-as-a-cash-withdrawal/0167113454#comments Sun, 30 May 2010 08:37:03 +0000 Barbara karouski http://www.news-insurances.com/?p=113454 moneysupermarket.com, Britain’s number one comparison site, has conducted analysis into the wide range of transactions treated as a cash withdrawal by credit card providers. The analysis shows that all of the UK’s major credit card providers treat any form of gambling activity on a credit card as a cash withdrawal. This means that when using [...]]]> http://www.news-insurances.com/all-of-the-uks-major-credit-card-providers-treat-any-form-of-gambling-activity-on-a-credit-card-as-a-cash-withdrawal/0167113454/feed 0 http://www.news-insurances.com/chinese-banks-and-insurers-sign-a-23-billon-dollar-refinery-deal-in-nigeria/0167108706 http://www.news-insurances.com/chinese-banks-and-insurers-sign-a-23-billon-dollar-refinery-deal-in-nigeria/0167108706#comments Fri, 14 May 2010 12:43:57 +0000 Damian Dozol http://www.news-insurances.com/?p=108706 Nigeria and a Chinese state firm have signed a 23-billion-dollar deal to build three refineries and a petrochemical complex in Nigeria, a world’s major oil exporter, an official statement said Friday. The Nigerian National Petroleum Corporation (NNPC) and China State Construction Engineering Corporation Limited (CSCEC) sealed the deal Thursday. The two will jointly seek the [...]]]> http://www.news-insurances.com/chinese-banks-and-insurers-sign-a-23-billon-dollar-refinery-deal-in-nigeria/0167108706/feed 0 http://www.news-insurances.com/aon-consulting-to-acquire-j-p-morgan-compensation-and-benefit-strategies/016733860 http://www.news-insurances.com/aon-consulting-to-acquire-j-p-morgan-compensation-and-benefit-strategies/016733860#comments Fri, 19 Mar 2010 15:44:32 +0000 Damian Dozol http://www.news-insurances.com/?p=33860 Aon Consulting, the global benefits and human capital consulting business of Aon Corporation, today announced it has signed a definitive agreement to acquire J.P. Morgan Compensation and Benefit Strategies, a division of J.P. Morgan Retirement Plan Services, LLC. J.P. Morgan Compensation and Benefit Strategies is a leading provider of compensation, retirement and health care actuarial [...]]]> http://www.news-insurances.com/aon-consulting-to-acquire-j-p-morgan-compensation-and-benefit-strategies/016733860/feed 0 http://www.news-insurances.com/national-australia-bank-unveils-bid-for-axa-asia-pacific/016711546 http://www.news-insurances.com/national-australia-bank-unveils-bid-for-axa-asia-pacific/016711546#comments Thu, 17 Dec 2009 17:02:47 +0000 George Stobbart http://www.news-insurances.com/?p=11546 National Australia Bank Ltd., the country’s third-largest by market capitalization, Thursday unveiled a surprise US$11.9 billion (A$13.3 billion) bid for AXA Asia Pacific Holdings Ltd., upstaging a rival offer from Australia’s second-largest funds manager, AMP Ltd. NAB must now convince AXA SA, which owns 53.9% of AXA Asia Pacific, to join it in the proposal [...]]]> http://www.news-insurances.com/national-australia-bank-unveils-bid-for-axa-asia-pacific/016711546/feed 0 http://www.news-insurances.com/barclays-buys-insurer-standard-life-for-226-million/01676790 http://www.news-insurances.com/barclays-buys-insurer-standard-life-for-226-million/01676790#comments Tue, 27 Oct 2009 08:38:15 +0000 Barbara karouski http://www.news-insurances.com/?p=6790 Barclays bought the bank arm of insurer Standard Life for 226 million pounds on Monday to build up its mortgage and savings business. The country’s second-biggest bank said Standard Life Bank would bring with it 78,000 mortgages and 8.8 billion pounds of outstanding balances, and a savings book of about 5.5 billion pounds in 287,000 [...]]]> http://www.news-insurances.com/barclays-buys-insurer-standard-life-for-226-million/01676790/feed 0 http://www.news-insurances.com/italian-bank-intesa-sanpaolo-spa-to-sell-its-insurance-unit/01675428 http://www.news-insurances.com/italian-bank-intesa-sanpaolo-spa-to-sell-its-insurance-unit/01675428#comments Fri, 02 Oct 2009 12:39:48 +0000 George Stobbart http://www.news-insurances.com/?p=5428 Italian bank Intesa Sanpaolo SpA is considering selling, listing or finding a partner for its insurance unit according to a financial source said on Friday, and a newspaper put its value at more than 3 billion euros ($4.37 billion). The move would be part of ongoing efforts by Italy’s biggest retail bank to boost capital. [...]]]> http://www.news-insurances.com/italian-bank-intesa-sanpaolo-spa-to-sell-its-insurance-unit/01675428/feed 0 http://www.news-insurances.com/aviva-completes-the-sale-of-aviva-australia-holdings-ltd-for-452-million/01675334 http://www.news-insurances.com/aviva-completes-the-sale-of-aviva-australia-holdings-ltd-for-452-million/01675334#comments Thu, 01 Oct 2009 06:59:54 +0000 Sofia Ashmore http://www.news-insurances.com/?p=5334 Further to its announcement dated 21 June 2009, Aviva has today completed the sale of Aviva Australia Holdings Ltd, its Australian life and pensions business and wealth management platform (“Aviva Australia”), to National Australia Bank (“NAB”). The proceeds are expected to be A$925 million (£452 million), comprising A$825 million cash consideration received from NAB, A$40 [...]]]> http://www.news-insurances.com/aviva-completes-the-sale-of-aviva-australia-holdings-ltd-for-452-million/01675334/feed 0 http://www.news-insurances.com/fortis-and-bnp-paribas-assurance-to-buy-50-of-italian-insurer-ubi-assicurazioni/01674742 http://www.news-insurances.com/fortis-and-bnp-paribas-assurance-to-buy-50-of-italian-insurer-ubi-assicurazioni/01674742#comments Fri, 18 Sep 2009 08:00:06 +0000 George Stobbart http://www.news-insurances.com/?p=4742 Fortis and BNP Paribas Assurance acquire a majority stake in UBI Assicurazioni, one of the leading non-life bancassurance players in Italy. UBI Assicurazioni enters into a long term exclusive distribution agreement with UBI Banca, a Top 5 Italian bank. Fortis and BNP Paribas Assurance announce the acquisition of 50% + 1 share of UBI Assicurazioni, [...]]]> http://www.news-insurances.com/fortis-and-bnp-paribas-assurance-to-buy-50-of-italian-insurer-ubi-assicurazioni/01674742/feed 0 http://www.news-insurances.com/the-japanese-nippon-life-insurance-company-will-invest-500m-in-prudential/01674692 http://www.news-insurances.com/the-japanese-nippon-life-insurance-company-will-invest-500m-in-prudential/01674692#comments Thu, 17 Sep 2009 09:25:27 +0000 George Stobbart http://www.news-insurances.com/?p=4692 Prudential Financial, Inc. (NYSE: PRU) announced today that Nippon Life Insurance Company, one of the world’s largest life insurance companies, has signed a definitive agreement to purchase a $500 million 10-year exchangeable surplus note issued by The Prudential Insurance Company of America. The transaction, which is subject to customary conditions, is expected to close on [...]]]> http://www.news-insurances.com/the-japanese-nippon-life-insurance-company-will-invest-500m-in-prudential/01674692/feed 0 http://www.news-insurances.com/barclays-and-cnp-agree-life-insurance-joint-venture-in-spain-portugal-and-italy/01671902 http://www.news-insurances.com/barclays-and-cnp-agree-life-insurance-joint-venture-in-spain-portugal-and-italy/01671902#comments Fri, 10 Jul 2009 09:22:51 +0000 Sofia Ashmore http://www.news-insurances.com/?p=1902 Barclays Bank PLC and CNP Assurances SA have agreed to establish a long-term life insurance joint venture in Spain, Portugal and Italy. As part of this transaction, Barclays will sell a 50 per cent stake in Barclays Vida y Pensiones Compañía de Seguros (‘BVP’), Barclays Iberian life insurance and pensions subsidiary, to CNP. Barclays will [...]]]> http://www.news-insurances.com/barclays-and-cnp-agree-life-insurance-joint-venture-in-spain-portugal-and-italy/01671902/feed 0