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Tag Archives: reuters

AIG Seeks Listing Committee Approval for AIA IPO

AIG ) is seeking Hong Kong listing committee approval on Sept. 21 for the IPO of its Asian life insurance unit, Reuters reported. The date is earlier than expected, which could mean that the IPO of the company’s AIA unit will come in October, rather than

TPG’s Newbridge to sell $1.2 bln Ping An block

2 (Reuters) – Newbridge Asia is planning to sell shares worth $1.16 billion worth of Ping An Insurance Group Co of China Ltd through a block deal, according to a term sheet seen by Reuters

Changes to Ontario’s auto insurance that take effect…

Auto insurance rules introduced by Ontario’s Liberal government go into effect Wednesday. (Reuters) One of the most notable differences in the new standard auto insurance policy will be a 50 per

Australia’s QBE says no plans to replace CEO

SYDNEY, Sept 1 (Reuters) – QBE Insurance Group , Australia’s top insurer by premium, said recent media reports that it was searching for a new chief executive was false and Frank O’Halloran would remain CEO for

UPDATE 1-Australia’s Suncorp FY profit soars, beats…

* To raise insurance margin at least 3 percent by 2012 * Non-core bank bad-debt charges fall 43 pct (Adds details) SYDNEY, Aug 25 (Reuters) – Australian insurer and bank Suncorp Metway Ltd (SUN

UPDATE 2-Discovery to take stake in China Ping An…

background, quotes) BEIJING, Aug 24 (Reuters) – South Africa’s largest health insurer, Discovery Holdings (DSYJ.J Health insurance coverage is very low in China, which has been stepping up efforts to expand its social safety net. Premiums are expected to

FSA fines Zurich UK $3.5 million over lost data tape

Reuters) – Britain’s City regulator slapped a $3.51 million fine on the UK branch of Zurich Insurance for data security failings after the loss of a tape in South Africa containing details on 46,000 insurance customers

Americans confused about healthcare reform: poll

CHICAGO (Reuters) – Julia Wood, a 51-year-old mother of 12 from Chicago’s East side, has some health insurance through a state program — but is so worried she may lose it she asks not to give her real name

FSA bans five executives over insurance fraud

LONDON (Reuters) – The Financial Services Authority (FSA) regulator has banned five individuals in relation to insurance fraud and given one director a near-record fine of 150,000 pounds

Aviva rejects RSA bid for non-life unit

LONDON (Reuters) -Insurer RSA has approached rival Aviva about buying its general insurance operations in the UK and elsewhere for 5 billion pounds, Sky News reported on Friday