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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.

MS&AD Insurance Group Holdings Inc Announces Business Integration in Subsidiaries

Thursday, 31 Jan 2013 02:30am EST

MS&AD Insurance Group Holdings Inc announced that there will be some business integration between two wholly owned subsidiaries, Aioi Nissay Dowa Insurance Co., Ltd.and Mitsui Sumitomo Insurance Company, Limited, take effective April 1, 2013. Through the integration, Mitsui Sumitomo Insurance Company, Limited will take over the cargo insurance business, including insurance for vessol, cargo, aviation and space sectors; Aioi Nissay Dowa Insurance Co., Ltd. will take over the motor channel agency shops business. The two subsidiarieswill be cooperation in the utilization of local sales network and locations, as well as the operation of overseas subsidiaries. And the third division long term contract business will be transferred to Mitsui Sumitomo Aioi Life Insurance Company, Limited., which is another wholly owned subsidiary of the Company.

LPI Capital Bhd Dissolves London & Pacific Holdings Sdn Bhd

Friday, 25 Jan 2013 04:11am EST

LPI Capital Bhd announced that its wholly-owned subsidiary, London & Pacific Holdings Sdn Bhd (LPHSB), which commenced Member's Voluntary Winding-up on November 10, 2008 and held its final meeting on October 25, 2012, was dissolved on January 25, 2013, upon the expiration of three months from the date of lodgement of the return with the Companies Commission of Malaysia.

NKSJ Holdings Inc Announces Outcome of Early Retirement Program and Expects Extraordinary Loss for Q3 of FY 2013

Wednesday, 19 Dec 2012 02:00am EST

NKSJ Holdings Inc announced the outcome of an early retirement program, which was offered during the period from November 26, 2012 to December 14, 2012. 469 of its employees took the offer and will retire on March 31, 2013. The employees will be offered retirement pay and additional benefits. The Company expects the extraordinary loss of approximately JPY 11.6 billion caused by the retirement pay, for the third quarter of the fiscal year ending March 2013.

KSK Group Berhad Announces Dissolution Of Kurnia (Cambodia) Incorporated Co. Ltd.

Friday, 12 Oct 2012 05:04am EDT

KSK Group Berhad announced that Kurnia (Cambodia) Incorporated Co. Ltd., a subsidiary of the Company held through KSK Financial Holdings Pte. Ltd. (formerly known as Kurnia Asia Pte. Ltd.) was dissolved with effect from October 12, 2012.

Kingsway Financial Services Inc Announces Restructuring Of Insurance Services And Insurance Underwriting Segments

Monday, 17 Sep 2012 09:13am EDT

Kingsway Financial Services Inc announced that it is restructuring Insurance Services and Insurance Underwriting segments. As part of the Insurance Services restructuring, Bradley Diericx will be joining the Company on September 17, 2012 as an Executive Vice President. As part of the Insurance Underwriting restructuring, Kingsway will post $11.4 million, or $0.87 per share, in additional unpaid loss and loss adjustment expenses. This amount includes $9.4 million related to the Company's Kingsway Amigo Insurance Company business primarily to increase prior accident year unpaid loss and loss adjustment expenses on Amigo's commercial automobile and personal injury protection coverages. This amount also includes $2.0 million related to the Company's Mendota Insurance Company and Mendakota Insurance Company business primarily to increase prior accident year unpaid loss and loss adjustment expenses on their personal automobile physical damage, uninsured motorist and bodily injury coverages. Kingsway also intends to streamline non-standard property and casualty insurance business operations under one management team led by William A. Hickey, Jr., Kingsway's EVP, CFO, and COO. After the restructuring, the Insurance Underwriting segment principally includes the following subsidiaries of the Company: Mendota, Mendakota, Universal Casualty Company, Amigo, KAI Advantage Auto, Inc., Kingsway Reinsurance Corporation and Kingsway Reinsurance (Bermuda) Ltd.

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

Friday, 7 Sep 2012 03:30am EDT

NKSJ Holdings Inc announced that its two subsidiaries, SOMPO JAPAN INSURANCE INC. and NIPPONKOA Insurance Company, Limited, will offer an early-retirement program to employees of the two subsidiaries, who are above 40 years old. The early-retirement program will be offered during the period from late November 2012 to early December 2012, the employees who took the offer will be offered retirement payment, additional benefits and outplacement support. SOMPO JAPAN INSURANCE and NIPPONKOA Insurance Company each expects 200 employees to take the offer.

Tryg A/S To Cut Costs and Claims Expenses by DKK 1Billion-Reuters

Tuesday, 19 Jun 2012 03:01am EDT

Reuters reported that Tryg A/S announced that the Company would cut costs and claims expenses by a total DKK 1 billion (USD 169 million) to reduce its cost ratio. The Company would cut expenses by DKK 300 million and claims expenses by DKK 700 million to achieve a cost ratio of less than 15%.

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Affirmative Insurance Holdings - IPO Update
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HISCOX - GOOD STRATEGY = REWARD
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$10.00
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Provider: Edison Investment Research
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ABBEY PROTECTION - SUSTAINED GROWTH
Provider: Edison Investment Research
$10.00
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