The UK's Financial Services Authority (FSA) has given authorisation to Allianz for the launch of Rosenberg Capital Management (RCM) fund in Brazil on 07 October 2010. The fund will be actively managed by a UK-domiciled Brazilian Open Ended Investment Company (OEIC), something that had never been done before.
? China-based Sun Life Everbright Life Insurance announce that China insurance regulators have approved the insurers proposed restructuring. The revamp will result in additional strategic investors buying shares in the joint venture, increasing operating capital. China Everbright…
The Federation of Indian Chambers of Commerce and Industry (FICCI) has released the results of the developmental framework to provide high quality healthcare through insurance in a document titled "Health Insurance Report, 2010". Among the recommendations to give a boost to the health insurance sector, the report highlights the need for creating consumer awareness and satisfaction, quality healthcare delivery, improved insurance services, and an increased level of trust between insurers and healthcare providers.
Ping An Health Insurance Company of China, a wholly owned subsidiary of Ping An Insurance (Group) Company of China, has received approval from the China Insurance Regulatory Commission (CIRC) to set up a new branch in Zhejiang province. Earlier this year, Ping An Health Insurance was also given approval by the central Chinese insurance regulator to open a branch in Jiangsu province. With the…
Reliance Life Insurance, an Indian life insurance company owned by the Reliance - Anil Dhirubhai Ambani Group, is planning on hiring large numbers of new sales managers and insurance agents to meet its ambitious goals for expansion. Reliance Life Insurance intends on hiring 3,000 new sales managers and 150,000 new insurance agents by the end of the Indian fiscal year, which runs from April 2010…
Zurich Financial Services Group (Zurich) has appointed Dan Dunmoyer as the new Head of Government And Industry Affairs (GAIA) for the Americas, with his base located in Los Angeles, California. Mr. Dunmoyer will be reporting to both Paul Hopkins, Regional Chairman of the Americas and Peter Buomberger, Group Head of GAIA. Mr Dunmoyer will lead all the state and federal legislative and regulatory affairs activities for Zurich.
On Monday July 26th 2010, Fortis Healthcare Ltd. rescinded its SGD 3.2 billion (USD 2.3 billion) offer to buy remaining Parkway shares, leaving the subsidiary of Malaysian sovereign fund Khazanah, Integrated Healthcare…
Manulife Life Insurance Company (Manulife Japan) has recently launched a new variable individual annuity insurance type V product which will be sold through the Bank of Tokyo-Mitsubishi UFJ.
MetLife announces the opening of its third Provincial branch in Sichuan. The unveiling of the new Sichuan branch is the first since United Metlife disclosed its plans to merge with Sino-US MetLife insurance business. The planned…
Baloise Insurance Group of Switzerland has recently announced their acquisition of Belgian insurance company "Avéro Schadeverzekering Benelux N.V." (Avero) in a deal valued at US$97 million (EUR 75 million). Avero is a subsidiary of the Dutch Eureko Group.
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