According to a company spokesperson, reported in Reuters, the new business will involve any tie-ups and will sell insurance products through its branches on the island.
The publication added that the Taiwan venture represents the third in a series of expansion plans in the Asian markets for HSBC. Prior to the current venture, HSBC announced a [...]
Peter Dornan, director of partnership and distribution development at Aegon, said: “Our relationship with Openwork is an increasingly valuable partnership for Aegon, enabling us to reach new customers with our range of pension products. We are pleased to look forward to continuing our involvement with Openwork, and are delighted to be able to offer ‘5 [...]
Lee Lovett, head of sales at BUPA Group Risk, said: “Although it is pretty much standard practice for insurers who have won schemes to accept previous underwriting decisions up to the existing sum assured, anyone to whom a forward underwrite agreement had previously applied would effectively lose this entitlement.”
“Having to be medically underwritten again [...]
Aegon-CNOOC Life Insurance is a 50-50 joint venture between the Netherlands-based Aegon and the China National Offshore Oil Corporation (CNOOC).
The joint venture, which recently raised its capital to CNY800 million from its earlier CNY600 million, has recorded premium income of approximately CNY500 million in 2006, an 80% increase over the previous year.
The new unit [...]
Mr Thiam joined Aviva in November 2002 as group strategy and development director and became responsible for Aviva’s European operations in January 2006. He was appointed to the Aviva board with effect from May 1, 2007.
In a press release regarding the change of management, the company said that an announcement concerning Mr Tidjane’s successor will [...]
The newly founded Zivotno Osiguranje Basler and Nezivotno Osiguranje Basler have started operations in Belgrade. Baloise plans to tailor insurance packages to the needs of doctors and other medical personnel and distribute life insurance services through banks.
According to the company, the Serbian insurance market has impressive growth potential, especially in personal lines.
Tags: insurance, insurance [...]
Standard Life and Pearl have been given access to all of the due diligence material provided to Friends Provident, but have yet to formally make an offer, according to media reports.
A company statement is widely quoted in the British media as saying: “Resolution confirms that it is not in receipt of an offer or [...]
The two-year fix applies to the total cost of the home insurance taken out with RIAS. This means that any policy upgrades such as accidental damage or add-ons such as garden secure that are added to the policy will also have their price fixed for two years.
Janet Connor, managing director of RIAS, said: “We have [...]
The new branch will be the company’s fourth provincial branch in the country.
Following the opening of branch in Henan, ING Capital Life plans to open a branch in Hefei of the Anhui Province and is awaiting regulatory approval, the report said.
ING Capital intends to cater to the insurance needs of approximately 97 million people [...]
The report quoted Standard Life as saying that the company had not decided anything substantial regarding the offer.
The report quoted a statement from the company as saying: “Standard Life confirms that it is monitoring the announced proposed merger between Resolution and Friends Provident and is considering the possibility of a cash and shares offer for [...]
