RSS Feed
AUSTRALIAN FIRM UGL’S JV WITH KAEFER WINS US$438MLN CONTRACT SYDNEY – Australian engineering firm UGL Ltd’s (ASX:UGL) fifty-fifty joint venture with German insulation company KAEFER has won a A$500 million (US$438.3 million) contract with Esso Australia. The seven-year contract is for maintenance and minor project services, including mechanical, electrical and instrumentation, scaffolding, painting, insulation, civil, [...]
Archive for July, 2010
Posted in 
Third-party Payment Firms Entering Insurance Sector
Posted by gary on July 22nd, 2010
Third-party payment firms in China have cast eye on the domestic insurance market. Via inking a credit contract with commercial Banks and a payment contract with property insurers and auto 4S stores, they gain commission revenue. Several property insurers in the market are set to trigger quick indemnity service this month, said sources. The service [...]
57 China Brokers Suffered 27% Decrease in H1 Net
Posted by gary on July 22nd, 2010
57 securities brokers in China’s Mainland saw their first-half net profits reduce 27% year on year, according to the latest information disclosure. Available data showed that these 57 Chinese securities companies achieved operating revenues of CNY 45.92 billion in the six months from January to June 2010, down 9% compared to the corresponding period of [...]
Resolve Auto Insurance Issues Before the Summer Road Trip
Posted by gary on July 22nd, 2010
As millions of American drivers spill out onto the road for summer vacations, it’s important to remember that increased traffic brings with it increased risk. Consumers need to be prepared for dealing with varying state laws and to make sure coverage will be adequate to pay for costs in the event of an accident. OnlineAutoInsurance.com [...]
Oman United Insurance H1 profit down 75%
Posted by gary on July 22nd, 2010
Oman United Insurance has reported a net profit after income tax of OMR613,252, or OMR0.006 per share, for the first half ended June 30, 2010, a decrease of 74.8%, compared to OMR2.43 million, or OMR0.024 per share, for the corresponding period of 2009. Gross written premiums for the first half of 2010 were OMR11.17 million, [...]
Westcor Land Title Insurance expands footprint into New England market
Posted by gary on July 22nd, 2010
Westcor Land Title Insurance has announced an expansion of its footprint into the New England market. Chris Strynar, a veteran of the title industry in the northeast, will lead the team as the regional manager. Harold Clarke will serve as senior underwriter for New England. The remaining members of the team will be located throughout [...]
L&T General Insurance set to tap Indian market within 10 weeks
Posted by gary on July 20th, 2010
In a bid to tap the insurance sector, which has just 0.6 per cent penetration in India’s GDP, the L&T GENERAL INSURANCE COMPANY LTD has decided to commence operations — with branches located across 10 different cities — in six to 10 weeks. The company is a wholly-owned subsidiary of diversified conglomerate LARSEN AND TUBRO [...]
TRIAL RAILWAY CARRIAGE ADS IN QUEENSLAND LABELLED “PROSTITUTION”
Posted by gary on July 20th, 2010
A Queensland Rail (QR) trial of advertising on the outside of railway carriages has been labelled visual pollution and “prostitution”. QR is working with insurance company Youi (Youi) to promote the company’s products on a train – nicknamed the Youi Express – travelling between Brisbane Airport and the Gold Coast. Brendon Dyer, head of marketing [...]
