http://www.news-insurances.com News-Insurances.com is an independent online media providing the latest insurance news for the insurance industry and consumers Thu, 09 Sep 2010 07:53:48 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 http://www.news-insurances.com/italys-generali-eyes-islamic-insurance-venture/016711888 http://www.news-insurances.com/italys-generali-eyes-islamic-insurance-venture/016711888#comments Tue, 22 Dec 2009 16:39:40 +0000 George Stobbart http://www.news-insurances.com/?p=11888 Italian insurance giant Generali is considering a possible joint venture with the Qatar Islamic Bank (QIB) in the high-growth sector of Islamic insurance, or Takaful, Generali said on Tuesday. Generali chief executive Sergio Balbinot said in a statement that the partnership could create “a leading player for Takaful business in the Gulf” with the potential [...]]]> http://www.news-insurances.com/italys-generali-eyes-islamic-insurance-venture/016711888/feed 0 http://www.news-insurances.com/wells-fargo-to-buy-prudential-financial-stake-in-brokerage-venture/016711362 http://www.news-insurances.com/wells-fargo-to-buy-prudential-financial-stake-in-brokerage-venture/016711362#comments Wed, 16 Dec 2009 08:40:42 +0000 Barbara karouski http://www.news-insurances.com/?p=11362 US banking group Wells Fargo is to buy Prudential Financial’s stake in a joint brokerage venture — Wells Fargo Advisors — for 4.5 billion dollars in cash by year’s end. Wells Fargo made the announcement Tuesday, a day after it agreed that it would repay the US Treasury Department 25 billion dollars in public money [...]]]> http://www.news-insurances.com/wells-fargo-to-buy-prudential-financial-stake-in-brokerage-venture/016711362/feed 0 http://www.news-insurances.com/axa-and-amp-announce-they-have-submitted-their-best-and-final-joint-proposal-to-axa-asia-pacific-holdings%e2%80%99-committee-of-independent-directors/016711134 http://www.news-insurances.com/axa-and-amp-announce-they-have-submitted-their-best-and-final-joint-proposal-to-axa-asia-pacific-holdings%e2%80%99-committee-of-independent-directors/016711134#comments Mon, 14 Dec 2009 08:51:32 +0000 Barbara karouski http://www.news-insurances.com/?p=11134 AXA announces that a revised joint offer (the “Proposal”) was communicated by AMP and AXA to the AXA Asia Pacific Holdings (“AXA APH”) committee of independent directors on December 11, 2009. Further to this Proposal, the increased price offered by AXA and AMP to AXA APH’s minority shareholders is A$6.221 per share, providing a 53 [...]]]> http://www.news-insurances.com/axa-and-amp-announce-they-have-submitted-their-best-and-final-joint-proposal-to-axa-asia-pacific-holdings%e2%80%99-committee-of-independent-directors/016711134/feed 0 http://www.news-insurances.com/iag-completes-investment-in-india-joint-venture/016710668 http://www.news-insurances.com/iag-completes-investment-in-india-joint-venture/016710668#comments Fri, 04 Dec 2009 08:58:36 +0000 George Stobbart http://www.news-insurances.com/?p=10668 Insurance Australia Group (IAG) today announced completion of its INR 5421 million (approximately A$126 million) investment in its general insurance joint venture with State Bank of India, SBI General. The investment will be funded from internal resources. The capital has been invested directly into the joint venture vehicle and no further capital is expected to [...]]]> http://www.news-insurances.com/iag-completes-investment-in-india-joint-venture/016710668/feed 0 http://www.news-insurances.com/ing-to-sell-australian-and-new-zealand-insurance-business-to-anz/01675057 http://www.news-insurances.com/ing-to-sell-australian-and-new-zealand-insurance-business-to-anz/01675057#comments Fri, 25 Sep 2009 12:40:50 +0000 Sofia Ashmore http://www.news-insurances.com/?p=5057 ING announced today that it has reached an agreement to sell its life insurance and wealth management venture in Australia and New Zealand to ANZ, its joint venture partner. Under the terms of the agreement, ING will sell its 51% equity stakes in ING Australia and ING New Zealand to ANZ, who now will become [...]]]> http://www.news-insurances.com/ing-to-sell-australian-and-new-zealand-insurance-business-to-anz/01675057/feed 0 http://www.news-insurances.com/barclays-and-french-insurer-cnp-establish-life-insurance-joint-venture-in-spain-portugal-and-italy/01674454 http://www.news-insurances.com/barclays-and-french-insurer-cnp-establish-life-insurance-joint-venture-in-spain-portugal-and-italy/01674454#comments Fri, 11 Sep 2009 12:53:41 +0000 George Stobbart http://www.news-insurances.com/?p=4454 Further to the announcement on 25 June 2009, Barclays Bank PLC (‘Barclays’) and CNP Assurances SA (‘CNP’) have established a long-term life insurance joint venture in Spain, Portugal and Italy. This follows the completion of the sale of a 50 per cent stake in Barclays Vida y Pensiones Compañía de Seguros (‘BVP’) to CNP. Frits [...]]]> http://www.news-insurances.com/barclays-and-french-insurer-cnp-establish-life-insurance-joint-venture-in-spain-portugal-and-italy/01674454/feed 0 http://www.news-insurances.com/hsbc-enters-chinas-life-insurance-market/01673771 http://www.news-insurances.com/hsbc-enters-chinas-life-insurance-market/01673771#comments Mon, 31 Aug 2009 09:36:18 +0000 Barbara karouski http://www.news-insurances.com/?p=3771 HSBC Life Insurance Company Limited, a joint venture set up by HSBC and the Beijing-based National Trust, opened for business in Shanghai Thursday, marking the global financial giant’s entrance into one of the world’s fastest-growing life insurance markets. The joint venture, headquartered in Shanghai, has registered capital of 500 million yuan (73.2 million U.S. dollars). [...]]]> http://www.news-insurances.com/hsbc-enters-chinas-life-insurance-market/01673771/feed 0 http://www.news-insurances.com/delta-lloyd-bank-grants-mandate-to-interfinancened/01673717 http://www.news-insurances.com/delta-lloyd-bank-grants-mandate-to-interfinancened/01673717#comments Tue, 25 Aug 2009 09:22:00 +0000 Barbara karouski http://www.news-insurances.com/?p=3717 Delta Lloyd Bank NV has granted a brokerage mandate to InterFinanceNed. As from today InterFinanceNed subscribers can apply for mortgage quotes directly from Delta Lloyd Bank. Erica Blom, chief commercial officer at Delta Lloyd Bank, had this to say: “We are delighted that this brokerage agreement has been signed.  It allows us to transfer part [...]]]> http://www.news-insurances.com/delta-lloyd-bank-grants-mandate-to-interfinancened/01673717/feed 0 http://www.news-insurances.com/hsbc-to-joint-held-insurance-company-in-china/01672180 http://www.news-insurances.com/hsbc-to-joint-held-insurance-company-in-china/01672180#comments Mon, 20 Jul 2009 09:47:53 +0000 Tom Scott http://www.news-insurances.com/?p=2180 HSBC Insurance (Asia) Limited (HSBC Insurance) has received final approval from the China Insurance Regulatory Commission (CIRC) to launch a jointly held insurance company with Beijing-based National Trust Limited (National Trust). The new company, HSBC Life Insurance Company Limited, will open for business in the third quarter of 2009. HSBC Insurance and National Trust will [...]]]> http://www.news-insurances.com/hsbc-to-joint-held-insurance-company-in-china/01672180/feed 0