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Sharps announced the results of its offer to exchange residential mortgage-backed securities and asset-backed securities insured by financial Guaranty Insurance Company and the status of certain discussions with holders of Eligible Insured Securities as of June 24. According to a release, as of June 24, (i) Eligible Insured Securities representing $2,070,676,900 in current unpaid principal [...]
Archive for June, 2010
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China’s Ping An plans to grow banking & investment biz
Posted by gary on June 30th, 2010
The PING AN INSURANCE GROUP OF CHINA (SEHK:2318, SSE:601318) plans to expand its banking and investment business to account for 50 per cent of its total business in four or five years, said Yao Bo, deputy general manager of the Ping An Group said on Tuesday. Currently, Ping An’s insurance business contributes over 60 per [...]
S.KOREAN LISTED FIRMS CLOSING BOOKS IN MAR. SEE ’09 PROFITS SOAR
Posted by gary on June 30th, 2010
South Korea’s listed companies that close their books in March saw their combined earnings nearly double in 2009 thanks to a solid economic recovery, the bourse operator said Wednesday. The combined net profit of 35 financial firms and 15 manufacturers came to 4.95 trillion won (US$4.1 billion) in fiscal 2009, which ended at the end [...]
SDB to Issue at Most CNY 6.9bn Shares to Ping An
Posted by gary on June 30th, 2010
Shenzhen Development Bank (SDB and SZSE: 000001), a nationwide commercial lender, announced suspension on the Shenzhen Stock Exchange from June 30 due to major asset restructuring in the evening on June 29. The bank recently gained approval from the China Securities Regulatory Commission (CSRC) to issue at most 379 million additional shares to Ping An [...]
Taikang Life, Pacific Life Pay Special Bonus
Posted by gary on June 30th, 2010
China Pacific life insurance Co., Ltd. and Taikang life insurance Co. are set to pay special bonus to holders of participating insurance policies. China Pacific Life, currently being the third-largest life insurer in the country, decides to pay a total CNY 860 million such bonus, and Shanghai-listed Taikang Life will pay more than CNY 3.6 [...]
BRIEFING – ASIA INSURANCE
Posted by gary on June 24th, 2010
An executive briefing on insurance for June 24, 2010, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. POSTAL FUNDS MUST BE INVESTED SAFELY: JAPANESE MINISTER TOKYO – Safety should be the overriding concern in investing the vast amount of customer assets held by the government-owned Japan [...]
Caliber Healthsource – Your Healthcare Services Partner
Posted by gary on June 24th, 2010
The concept of medical billing outsourcing originated from the need to hire specialists to perform a secondary task related to the medical profession. Most medical professionals concentrate so much on their work and tend to neglect other essential support functions related with their work. However, they cannot just ignore this problem, as it is essential [...]
Tags: PETROVIETNAM IS EAGER TO WELCOME JAPANESE INVESTORS: CHAIRMAN
Posted by gary on June 24th, 2010
PetroVietnam is eager to welcome Japanese investors, said the chairman of its management board Dr Dinh La Thang. Addressing the “Vietnam Investment Conference: Exploring Partnership Opportunities with PetroVietnam” in Tokyo on June 22, Thang said that he hoped the combination of his group’s strengths and Japan’s technology, financial potential and management skills would be mutually [...]
SkyGrid Offers Interactive Home Experience on iPad with American Family Insurance
Posted by gary on June 24th, 2010
SkyGrid together with advertising partner American Family Insurance is launching a Multi-Touch advertising experience on the Company’s popular stream browser platform. In a release, the Company said that it is proud to have American Family Insurance, one of the largest mutual insurance companies in the U.S., as a brand advertiser. Starting in June, people using [...]
1st Quarter Title Insurance Premiums Increase 4.3%
Posted by gary on June 24th, 2010
The American Land Title Association (ALTA) reported title insurance premiums written during the first quarter of 2010 increased 4.3 percent when compared to the same period a year ago. In a release, ALTA said that according to its preliminary Market Share Analysis, the title insurance industry generated $2.07 billion in title insurance premiums during the [...]
American Land Title Association Asks Congress to Extend Closing Deadline for Homebuyer Tax Credit
Posted by gary on June 24th, 2010
The American Land Title Association (ALTA) said it sent a letter on June 16 urging legislators to support an extension of the present homebuyer tax credit closing deadline to Sept. 30. In a release, ALTA said that in order to qualify for the homebuyer tax credit, a buyer must have entered into a binding sales [...]
Heritage Union Life Insurance Company Launches SalaryShield Challenge
Posted by gary on June 24th, 2010
Heritage Union life insurance Company, a provider of income protection products, announced the start of the SalaryShield Challenge. The company said that eligible consumers who apply for SalaryShield life insurance coverage online or over the phone who are not covered the same day will receive a $25 Restaurant.com Gift Certificate, compliments of Heritage Union Life. [...]
