Property & Casualty Insurance

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QBE Insurance Group Ltd announces creation of emerging markets division

Monday, 16 Jun 2014 01:53am EDT

QBE Insurance Group Ltd:Says it has been concluded that the strategic opportunity for organic and inorganic growth in Latin America and Asia Pacific is served by bringing these two important Divisions together to form the QBE Emerging Markets division.All changes take effect from Aug. 15.

Tryg outsources its IT operations

Wednesday, 29 Jan 2014 03:08pm EST

Tryg A/S:Says has signed a new four-year IT operating agreement with TCS (Tata Consultancy Services Limited) and their co-partners ATEA and KMD.Says at the same time, the company has signed a new outsourcing agreement regarding parts of its IT development with Accenture.Says this agreement will run for five years with an option to terminate after three years.

NKSJ Holdings Inc announces result of early-retirement program of subsidiaries

Wednesday, 25 Dec 2013 02:00am EST

NKSJ Holdings Inc:Says 324 employees took the offer of early-retirement program by its two subsidiaries, SOMPO JAPAN INSURANCE INC. and NIPPONKOA INSURANCE CO., LTD, during the period from Dec. 2 to Dec. 20.Says the employees will retire on Mar. 31, 2014 and will be offered severance pay and outplacement support.Sees extraordinary loss of approximately 8.5 billion yen caused by the retirement payment, for the third quarter of fiscal year ending Mar. 2014.

Tokio Marine Holdings Inc Announces Updates on Merger of Subsidiaries

Wednesday, 16 Oct 2013 08:00pm EDT

Tokio Marine Holdings Inc announced that two life insurance subsidiaries, Tokio Marine & Nichido Life Insurance Co. and Tokio Marine & Nichido Financial Life Insurance Co., on October 1, 2014. Tokio Marine & Nichido Life Insurance will be survived and Tokio Marine & Nichido Financial Life Insurance will be dissolved.

Tokio Marine Holdings Inc To Merge Two Life Insurance Units-Nikkei

Tuesday, 15 Oct 2013 08:00pm EDT

Nikkei reported that Tokio Marine Holdings Inc has decided to merge two life insurance units, Tokio Marine & Nichido Life Insurance Co. and Tokio Marine & Nichido Financial Life Insurance Co., in October 2014. Tokio Marine & Nichido Life Insurance will be survived and Tokio Marine & Nichido Financial Life Insurance will be dissolved.

NKSJ Holdings Inc's Subsidiaries to Offer Early-retirement Program

Monday, 30 Sep 2013 03:30am EDT

NKSJ Holdings Inc. announced that its two subsidiaries, SOMPO JAPAN INSURANCE INC. and NIPPONKOA INSURANCE CO., LTD., will offer an early-retirement program to employees, who are above 40 years old, during the period from early December 2013 to middle December 2013. The employees who take the offer will retire on March 31, 2014 and will be offered severance pay and outplacement support. The two subsidiaries expect approximately 200 employees to take up the offer.

MS&AD Insurance Group Holdings Inc Announces Business Restructure of Subsidiaries

Friday, 27 Sep 2013 03:00am EDT

MS&AD Insurance Group Holdings Inc announced that there will be a business restructure between three subsidiaries. The Company aims to make business between insurance subsidiaries clear and efficient.

Tokio Marine Holdings Inc Announces Changes of Sub-subsidiaries

Friday, 26 Apr 2013 03:30am EDT

Tokio Marine Holdings Inc announced that it will make its subsidiary Tokio Marine Seguradora S.A. as a sub-subsidiary of the Company, and after that, Tokio Marine Seguradora will merge with another sub-subsidiary of the Company, Tokio Marine Brazil Seguradora S.A., effective June 28, 2013. As a result, Tokio Marine Brazil Seguradora will be dissolved.

Randall and Quilter Investment Holdings PLC Intends to Redomicile Group's Holding Company from United Kingdom (UK) to Bermuda

Thursday, 25 Apr 2013 02:01am EDT

Randall and Quilter Investment Holdings PLC announced that the Company intends to redomicile the holding company of the Group from the United Kingdom (UK) to Bermuda (the redomicile). This follows a period of consultation with certain of Randall & Quilter's shareholders and unanimous approval by the Board of Directors (the Board). Under the redomicile proposal, all existing shares in Randall & Quilter will be exchanged for shares in Randall & Quilter Investment Holdings Ltd (R&Q Bermuda), a company that has been incorporated in Bermuda to become the new holding company for the Randall & Quilter group of companies (the Group). The proposed redomicile will be implemented by way of scheme of arrangement sanctioned by the high court of England and Wales (Court) and will therefore be subject, amongst other things, to approval by Randall & Quilter shareholders at a general meeting, approval by Randall & Quilter shareholders at a separate Court convened meeting and sanction by the Court. These two shareholder meetings are intended to be held at the same time as Randall & Quilter's annual general meeting for 2013, on or about June 12, 2013. If shareholders approve the redomicile proposals at the shareholder meetings and the scheme is subsequently sanctioned by the Court, it is currently envisaged that the scheme would take effect and that R&Q Bermuda will be admitted to trading on the AIM Market of the London Stock Exchange in early July 2013.

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$92.00
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$10.00
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$10.00
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