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Bay Bank, a subsidiary of Jefferson Bancorp, has entered into an agreement with the Federal Deposit Insurance Corporation, or FDIC, to assume the deposits and certain liabilities and purchase certain assets of Bay National Bank. The transaction was structured as a purchase and assumption without a loss sharing agreement with the FDIC. financial Services Partners [...]
Archive for July, 2010
Bay Bank to purchase certain assets and assume deposits of Bay National Bank
Posted by gary on July 15th, 2010
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Congressional Women Praise Free Preventive Health Care Coverage
Posted by gary on July 15th, 2010
Washington, DC -Congresswomen Rosa L. DeLauro (CT-3), Debbie Wasserman Schultz (FL-20), Donna F. Edwards (MD-4), Chellie Pingree (ME-01), and Kathy Dahlkemper (PA-3) held a press conference today to discuss the free preventive health care coverage that will be made available through the Affordable Care Act. An essential component of the Affordable Care Act, preventive care [...]
CONGRESSWOMAN JOHNSON PRAISES FREE PREVENTIVE CARE BENEFITS FROM HEALTH CARE REFORM
Posted by gary on July 15th, 2010
Washington, DC(Wednesday, July 14, 2010) – Today, Congresswoman Johnson applauded the new regulations issued by the Obama Administration to help make prevention affordable by requiring new health plans to cover recommended preventive services at no cost to the patient. The regulations, based off of provisions in the Affordable Care Act, will keep Americans healthier and [...]
Tags: Thiele: Changing of the Guard at PartnerRe Is ‘Well-Managed Evolution’
Posted by gary on July 14th, 2010
Big changes in management are afoot at PartnerRe Ltd., but the transition has been in the works for years, said the company’s retiring top officer. Four of the company’s top leaders have left or announced plans to leave since January 2009. “It’s not reflective of any dissension or disharmony. This is a normal evolution, a [...]
HealthWyse partners with ZirMed
Posted by gary on July 14th, 2010
HealthWyse, a provider of home health and hospice software and services, has partnered with ZirMed, a provider of revenue cycle management solutions, to bring enhanced administrative and revenue cycle management functions to home health and hospice organizations nationwide. The partnership pairs ZirMed’s claims management and revenue generation tools with HealthWyse’s core set of enterprise capabilities, [...]
Zurich-Based Perils Tops $250 Million in Risk Transactions With Allianz-Munich Re Deal
Posted by gary on July 14th, 2010
Total placements of insurance risk transactions based on Perils AG’s industry loss index exceeded $250 million (198 million euros) in the first six months of 2010, the company said. The Zurich-based provider of industrywide European catastrophe insurance data said its latest transaction was related to a private placement between Allianz Risk Transfer and Munich Re, [...]
China recovers 4.62 bln USD from corruption, bribery cases since 2005
Posted by gary on July 14th, 2010
1st Ld-Writethru: China recovers 4.62 bln USD from corruption, bribery cases since 2005 China’s prosecutors have recovered a total of 31.26 billion yuan (4.62 billion U.S. dollars) through investigation and prosecution of corruption and bribery cases from 2005 to May of this year, according to the Supreme People’s Procuratorate (SPP). Procuratorial departments nationwide placed 146,570 [...]
Hallmark Financial Services Leads Tuesday’s AMBG as Global Insurance Index Rises 1.55%
Posted by gary on July 14th, 2010
The AMBG closed Tuesday, July 13, at 789.05 (+1.55%). All 15 A.M. Best stock indexes rose. Leading A.M. Best’s Global Insurance Composite Index (AMBG) were Hallmark financial Services (+9.07%) and Gainsco (+7.91%). Trailing the list of global insurance stocks were BancInsurance Corp. (-14.29%) and National Security Group (-4.91%). The U.S. Insurance Brokers Index led the [...]
