Multiline Insurance & Brokers
Marsh & McLennan Companies Inc:Says the opening of Marsh & McLennan Innovation Centre in Dublin, Ireland.The Innovation Centre will be a data and analytics development platform for Marsh & McLennan's businesses.The project is supported by the Department of Jobs through IDA Ireland.
Fubon Financial Holding Co Ltd:Subsidiary Fubon Securities to invest 200 million yuan to set up a sub-subsidiary engaged in securities in China Mainland.
Taiming Assurance Broker Co Ltd:To invest T$52 million to set up a venture capital company.To hold 5.2 million shares in the venture capital company.
Helvetia Holding AG:Expands branch network in Switzerland from 62 previously-general and main agencies on new 81.
Tune Ins Holdings Bhd:Says that Tune Insurance PCC Ltd (TIPCC) was incorporated on Oct. 27 as subsidiary of Tune GenRe Ltd (TGR), wholly-owned subsidiary of Tune Ins Holdings Berhad (TIH).TIPCC was incorporated as Protected Cell Company Limited.TGR will be the subscriber of one hundred (100) ordinary shares of $1.00 each for the incorporation of TIPCC.TIPCC is principally engaged in captive insurance business.
Fubon Financial Holding Co Ltd:Subsidiary Fubon Life Insurance Co., Ltd. to set up a life insurance sub-subsidiary in Hong Kong.The new life insurance sub-subsidiary to be capitalized at HK$200 million.
ACE Ltd:Says creation of new unit to focus solely on execution of distribution strategies across Asia Pacific region.Enabling high-level and efficient conduit between ACE and its distribution partners throughout vast territory stretching from South Korea to Australia and New Zealand.Says this unit will focus on maximizing ACE's product offering including portfolio-based solutions, facilities, joint product design and execution initiatives with key brokers in region.Additionally, unit will serve unique needs of ACE's large clients domiciled in Asia Pacific with ultimate mission to ensure efficient trading across all commercial lines of business.