Friday, September 10, 2010
Incubator Bank of Japan declared bankruptcy today, triggering the government’s 10 million yen (?93,600) government deposit insurance cap for the first time in 40 years. The collapse of the closely held, small-business lender comes after former chairman
Friday, September 10, 2010
The joint administrator appointed to Quinn Insurance said he was confident the company will be sold after several parties expressed interest in buying the business, and confirmed the company was planning to increase its prices
Thursday, September 9, 2010
MEDFORD, Mass., Sept. 9 /PRNewswire/ — When Dave Ferrick took the helm of Cross Country Automotive Services’ Insurance business in 2007, auto insurance carriers generally didn’t receive their first notice of a vehicle loss from a claimant until days
Thursday, September 2, 2010
RBS.L: Quote, Profile, Research) is in the process of appointing advisers to review the options for its insurance business, including a possible sale, according to a source close to the group. RBS has indicated previously it would prefer an IPO for its
Thursday, September 2, 2010
2 billion bid, 10 months after the offer was announced, citing concerns about the bidders’ experience in the insurance business and their ability to raise funds in the future. Morse defended their position, saying Nan Shan would become one of the “best
Wednesday, September 1, 2010
business within the group and contribute to the more balanced development among its three major business segments, namely insurance, banking and investment,” Ping An said. Ping An, which is transforming itself into a bancassurer, is aiming to tap growing
Taiwan about the connections of buyer China Strategic with the mainland and concern it could not run an insurance business held up the deal. Taipei said Tuesday that the deal did not comply with Taiwan’s rules on investment from the mainland, and also
with Taipei’s regulations on mainland investment, and the buyers did not meet criteria on experience in the insurance business and ability to raise funds. It gave the buyers 30 days to appeal, but noted that no previous such appeals had succeeded. AIG,
about the connections of buyer China Strategic 0235.HK with China and concern it could not run an insurance business held up the deal. The economics ministry said on Tuesday that the deal did not comply with Taiwan’s rules on investment from its
experts on CNBC discuss the issue. (CNBC) CNBC – Business – United States – Financial Services – Insurance