Life & Health Insurance

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Societa Cattolica di Assicurazione Sc says signed deed of merger by incorporation of subsidiaries Risparmio & Previdenza into Cattolica Immobiliare

Wednesday, 28 May 2014 11:38am EDT

Societa Cattolica di Assicurazione Sc:Says it has been signed the deed of merger by incorporation of Risparmio & Previdenza SpA into Cattolica Immobiliare SpA, both wholly owned subsidiaries of Societa Cattolica di Assicurazione.

Great Eastern Holdings dissolves joint venture project

Tuesday, 1 Apr 2014 05:29am EDT

Great Eastern Holdings Ltd:Says that its indirect, 50 pct-owned Guernsey incorporated joint venture company, Lion Global Infrastructure Fund Limited (LGIF), has been dissolved on March 31 by way of a members’ voluntary liquidation.

Dai-ichi Life Insurance completes liquidation of subsidiaries

Monday, 31 Mar 2014 02:30am EDT

Dai-ichi Life Insurance Co Ltd:Completed liquidation of TAL Limited and TAL Finance Pty Limited in Australia, on March 28.

Shin Kong Financial Holding to liquidate subsidiary

Friday, 14 Mar 2014 06:55am EDT

Shin Kong Financial Holding Co Ltd:To liquidate subsidiary, a Taiwan-based insurance broker company, according to business planning.

Sony Financial Holdings Inc to transfer business to new subsidiary

Friday, 28 Feb 2014 01:00am EST

Sony Financial Holdings Inc:Says to transfer its healthcare business to a new subsidiary, to be established on April 1.Business transition effective April 1.

Assicurazioni Generali SpA Simplifies Geographical Structure Into Seven Markets Adding EMEA and LatAm-Reuters

Monday, 14 Oct 2013 08:00pm EDT

Reuters reported that Assicurazioni Generali SpA has redefined its geographical structure through the creation of two new regions, EMEA and LatAm, based on seven markets. The reorganization is in line with the strategy to simplify the Group and its governance. The new setup aims to optimize the Group’s international operations and will enable greater coordination between local businesses and the Head Office. This new structure will be composed of the business units of the three core markets – Italy, France and Germany – and four regional units: CEE and Asia, and the newly formed EMEA and LatAm. Each of the seven markets will report directly to the Group CEO, Mario Greco. The new region to be called EMEA consists of 12 countries – Austria, Belgium, Dubai, Greece, Guernsey, Ireland, Netherlands, Portugal, Spain, Switzerland, Tunisia and Turkey – and will be headed by Giovanni Liverani from November 1. The LatAm market with its six countries – Argentina, Brazil, Colombia, Ecuador, Guatemala and Panama – will be headed by Jaime Anchustegui from January 2014. Along with the seven markets, an international business unit is operating to manage the Global business lines (Corporate&Commercial, Europ Assistance and GEB).

Shin Kong Financial Holding Co Ltd Acquires Sub-subsidiary from Subsidiary

Monday, 30 Sep 2013 05:22am EDT

Shin Kong Financial Holding Co Ltd announced that it has acquired a 100% stake in a sub-subsidiary, which is a insurance agency, from a subsidiary.

Dai-ichi Life Insurance Co Ltd Announces Restructuring of Subsidiaries

Friday, 30 Aug 2013 02:30am EDT

Dai-ichi Life Insurance Co Ltd announced that its subsidiary, TAL Limited will transfer its subsidiaries, TAL Life Limited and TAL Distribution Holdings Limited to TAL Dai-ichi Life Group Pty Limited in September 2013. TAL Limited and TAL Finance Pty Limited will be dissolved in March 2014.

Storebrand ASA Launches New Organizational Structure

Thursday, 27 Jun 2013 02:58am EDT

Storebrand ASA announced that it launches a new organizational structure. The changes will enter into force June 27, 2013. By November 1, 2013, the new structure shall have been implemented at all levels of the organization. The new executive management will look like this: two new managing directors will be added to executive management. Hege Hodnesdal will become Managing Director (MD) Storebrand Insurance. Staffan Hansen will become MD of the new Savings unit. MD Storebrand Asset Management, Hans Aasnaes, and MD Storebrand Insurance, Gunnar Rogstad, will withdraw from the executive management and leave Storebrand. Truls Nergaard will also withdraw from executive management, but will continue as MD Storebrand Bank and report to Staffan Hansen in new Savings unit. Starting June 27, 2013, the executive management in Storebrand will consist of these areas and managing directors: Group CEO Odd Arild Grefstad. Finance and Business support will be headed by CFO Lars Aa. Loddesol and COO Heidi Skaaret respectively and be given Nordic mandates. Commercial Norway and Commercial Sweden will be headed by CCO Robin Kamark and MD SPP Sarah McPhee respectively. Savings will be headed by MD for Asset Management and Banking Staffan Hansen. Insurance will be headed by MD for Storebrand Insurance Hege Hodnesdal and will be expanded to have a Nordic mandate. Guaranteed pensions will be headed by MD Geir Holmgren and will include all guaranteed business in Norway and Sweden.

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