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.
On the 19th July 2010, the Indian based company Larsen & Toubro (L&T) received final approval from Indian insurance regulators to start commencing business through it's subsidiary, L&T Insurance. The newly formed general insurer is supported by L&T, valued at US$9.8 billion. The…
Transamerica Reinsurance has recently announced the appointment of Mr. Alfonso Lombao as Managing Director for Latin American Business. Among his regional duties, Mr. Lombao will coordinate sales, marketing and business development strategies, including customised product programmes and traditional reinsurance solutions. Transamerica Reinsurance is a division of Transamerica Life Insurance Company, a major worldwide supplier of life insurance with headquarters in North Carolina, USA.
Blue Cross Blue Shield, the major American health insurance provider, has been rated as having the highest brand equity in the USA's national insurance market according to a recent report released by Harris Interactive, a leading international market research company. During Harris' 2010…
Lloyd's of London Syndicate 1221, which is a wholly-owned subsidiary of US-based Navigators Group Inc., has recently announced the appointment of a representative in Brazil.
Mr Sadler will oversee the operations from Hong Kong, as CIGNA aim to further expand the business globally. As from the 19th of July, 2010, the former HSBC MD will take the reins of CIGNA in Hong Kong, to lead the Health, Life & Accident (HL&A) push for growth in the international market.
Chaucer Holdings Plc, the diversified insurance group which is a subsidiary of Lloyd's of London, has recently announced the opening of a new office in Buenos Aires, the capital of Argentina. This new office will operate on behalf of Chaucer Syndicate 1084, and is aiming to get a share of the facultative property and related risks in the Latin American market.
Alan Merten has been appointed by Manulife Financial Group as the new Chief Executive Officer and President Director of PT Asuransi Jiwa Manulife Indonesia (Manulife Indonesia). Alan Merten has over 20 years of experience working with life insurance, international health insurance, wealth management and pensions. His new position will see him take responsibility for growing Manulife Indonesia's…
AIG has named former Prudential Chief Executive Mark Tucker as the head of AIA, the company's Asian life insurance business. The move sees the replacement of existing CEO Mark Wilson, who was instrumental in stabilizing the company when AIG was on the brink of collapse. While no comment was available from AIA with regards to the replacement of Wilson, reports from individuals familiar with the internal…
Chartis is now offering two new cancer care insurance products in the UK Private Medical Insurance (PMI) market through their voluntary benefits website; the WellWoman and CancerCare plans do not cover the medical expenses associated with cancer, but provide…
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