Property & Casualty Insurance

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Vittoria Assicurazioni SpA approves merger by incorporation of Vittoria Properties into company

Thursday, 31 Jul 2014 12:19pm EDT

Vittoria Assicurazioni SpA:Says the Board has approved the incorporation of Vittoria Properties Srl (already totally controlled) into Vittoria Assicurazioni.The operation is part of the overall reorganization project concerning the Real Estate subsidiaries aimed at a reduction of intercompany costs and of managerial and administrative formalities.The operation is subject to IVASS approval.

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.

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