Archive for 'General Insurance'

AIG is not going to sell business in Kazakhstan

30 September 2008

Largest American insurance company American International Group (AIG) does not plan to sell the business in Kazakhstan - AIG Kazakhstan.
As it has been mentioned in the AIG’s report, the American insurer officially informs, that business AIG in Kazakhstan is not on sale. The company is stable, successful and financial steady, reserving leading positions in many […]

Munich Re is to get insurance business in the East Europe and Asia

24 September 2008

German reinsurance company Munich Re pays attention to sharp changes in insurance and reinsurance branch, comparing situation in market with the period after acts of terrorism on September, 11th, in the USA.
As “Deutsche Welle” transfers, in 2009 Munich Re predicts 2% growth of tariffs on insurance and reinsurance services. Since this moment tariffs will only […]

Manulife studies an opportunity of AIG’s purchase

22 September 2008

The largest insurance company of Canada Manulife Financial Corp. considers an opportunity of exhibiting of the offer on purchase of a part of American insurer AIG.
Manulife main executive director Dominic D’Alessandro and other top-managers of the company have held a meeting with financial advisers for studying ways of use of AIG possible division.
Canadian insurer’ Representatives […]

Profit of Old Mutual has grown on 14 %

22 September 2008

In the first half-year of 2008, profit of the British insurer Old Mutual, earning the most part of the profit in Southern Africa, has grown on 14 %.
The profit of the company has made 549 million pounds or 10,5 pence per share. The greater growth has been slowed weakness of the African currency and necessity […]

Czech Republic: get insured by mobile phone

10 September 2008

Already two Czech insurance companies - Generali and Česká podnikatelská pojišťovna (ČPP) offer their clients to buy tourist insurance by means of mobile phone.
For signing the contract only the surname, name, the address and term of insurance is required. It is necessary to send SMS with specified information. Cost of the insurance will be included […]

Foreign insurers face obstacles in China

4 September 2008

About 45 foreign insurance companies, which have united with the Chinese partners for activity in territory of the country, have collided with the rigid restrictions, established by the state on structure of joint ventures, opportunities of branches’ accommodation and the list of services, offered to clients.
The share of joint ventures makes 6 percents in the […]

Japanese insurer Dai-ichi Mutual Life Insurance will redeem 30 % of Tower Australia Group’s shares

25 August 2008

Second insurance company Dai-ichi Mutual Life Insurance - the largest in Japan company - has agreed to get 30 % of Tower Australia Group’s shares and to enter on the Australian market of services of insurance.
The price of the transaction will presumably make 376 million Australian dollars (341 million US dollar).
Dai-ichi Mutual Life Insurance has […]

The largest world insurer incurs losses

18 August 2008

In April-June, 2008, American International Group (AIG), the largest insurance company of the world has fixed the pure loss in $5,36 billion.
The insurer fixes huge losses the third quarter successively on a background of crisis in the real estate market of the USA, which has led to a collapse of cost of many financial actives, […]

British have lost 100 million keys from their houses

5 August 2008

According to insurance company Sainsbury’s Home Insurance, for last years the British house owners have lost nearby 100 million of complete sets of spare keys from the houses.
About one million British proprietors of habitation recognize that they have forgotten to take away spare keys from former beloveds, cleaners, builders and even the previous tenants.
Approximately 500 […]

Insurance company Pasa Sigorta (Azerbaijan) has won tender of Azdemiryolbank

19 July 2008

On results of corporate tender process insurance company Pasa Sigorta has been declared the winner of competitive selection to destination corporate medical insurance for Azdemiryolbank.
The contract of medical insurance of Azdemiryolbank is one of the largest bank insurance projects in the country in segment of medical insurance service and will capture the basic part of […]

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