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By Reuters |
May 10, 2012
Switzerland's Zurich Insurance Group beat expectations on Thursday with a 78 percent rise in first-quarter profit, helped by fewer large natural catastrophes than the year before, and said premiums were set to rise.
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By Chad Hemenway, PropertyCasualty360.com |
March 8, 2012
AXA and QBE are looking to continue growth in emerging markets with purchases of HSBC's P&C business. AXA would become the top P&C provider in Hong Kong with its buy.
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By Mark E. Ruquet, PropertyCasualty360.com |
December 13, 2011
Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurer’s restructuring and accusations the banks fraudulently secured insurance coverage.
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By Staff Writer |
June 1, 2011
Kane today announced the successful completion of its acquisition of the insurance management operations of HSBC.
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By Mark E. Ruquet, PropertyCasualty360.com |
March 24, 2011
A group of banks seeking to prevent guaranty insurer MBIA from splitting into two companies says the company underestimated its losses by as much as $10 billion to the New York Insurance Department.
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By Caroline McDonald, PropertyCasualty360.com |
March 11, 2011
Kane, which provides specialist risk and insurance management services, announced today it has signed an agreement to acquire the insurance management operations of HSBC for $27.5 million.
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By Staff Writer |
January 18, 2011
Parker, Smith & Feek hires new CFO, GPP names two sales execs.
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By Staff Writer |
January 18, 2011
Kansas City, Mo.-based insurance broker Lockton said it has received approval from the China Insurance Regulatory Commission to open a new branch office in China, based in Beijing.
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By Aamer Mumtaz |
August 16, 2010
Instead of using offshoring for cost-reduction purposes alone, insurers should evaluate it as nothing less than part and parcel of their strategic efforts to increase growth and profitability.
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By Staff Writer |
July 13, 2010
Hedley Blane was named chief underwriting officer of the Hartford Financial Services Group Inc.'s subsidiary, Hartford Financial Products International Ltd (HFPI).
