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Chairman Pakistan Postal Services Management Board Islamabad, Abdul Hameed has approved additional bonus for the Pakistan Postal life insurance customers from July 1. According to announcement life time insurance policies for five years Rs 72 per 1000, for next five years Rs 100 per 1000, while more than ten years Rs 110 per 1000 bonus [...]
Archive for July, 2010
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KSE issues notices to 21 cos for violating rules
Posted by gary on July 11th, 2010
Karachi Stock Exchange (KSE) has served show-cause notices to 21 companies for violation of listing regulations of the exchange. According to a KSE press release issued here on Wednesday, 19 of these companies have been issued notices for placement in the non-compliance segment and two companies for placement on the defaulters counter of the exchange. [...]
Insurers sit green at KSE
Posted by gary on July 11th, 2010
Some positive activities observed in the insurance stocks last week at the Karachi stock exchange with more than 9 million shares traded together in life and non-life insurance sectors. Volume leaders of the sector include Pak reinsurance with 4.7 million shares followed by Adamjee Insurance with 3.7 million shares. Top gainers of the week include [...]
Takaful termed alternate to conventional insurance
Posted by gary on July 11th, 2010
CEO, Pak-Qatar General Takaful Rohail Ali Khan has said that Takaful is a Halal & Ethical alternate to the conventional Insurance System based on Quran & Sunnah. Giving his detailed presentation on the topic of “Takaful concepts & practical aspects” during the 4th meeting of Banking & Insurance Sub-committee of Karachi Chamber of Commerce & [...]
Austria records less corporate bankruptcies in the first half
Posted by gary on July 11th, 2010
In the first half of 2010, the number of bankrupt companies in Austria has fallen by 5.2 percent, according to a release issued Thursday by Creditreform, an association for the protection of creditors in Austria. In the first half of this year, 3,325 Austrian companies went bankrupt, while 1,719 companies newly opened. In addition, the [...]
China’s Tibet party chief on significance of Tibet work forum
Posted by gary on July 11th, 2010
In January 2010, in light of the facts that China has entered a critical period of building a well-off society [xiao kang she hui] in an all-round way, that Tibet has entered a critical stage of achieving development by leaps and bounds, and that the new situation of the anti-separatism struggle is sharp and complicated, [...]
Best’s Rating Notification – Union Labor Life Insurance Company
Posted by gary on July 9th, 2010
A.M. Best Company has made the following rating update: Company: Union Labor life insurance Company AMB Number: 7152 Current Rating: B+ Previous Rating: B+ To obtain more information about this company, please visit: http://www3.ambest.com/frames/fs.asp?site=ratings&RefNum=7152&tab=4
Tags: Ravello Solutions Appoints New Executive Vice President
Posted by gary on July 9th, 2010
Ravello Solutions, a provider of insurance technology solutions, announced the appointment of Stephanie Marino as Executive Vice President. Ravello Solutions said Marino will be an integral part of the company’s continued growth. Thomas Rosencrants, Ravello’s Chairman and Chief Executive Officer, said, “Ravello conducted a nationwide search for more than a year to find the right [...]
