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Queensland-based insurer Suncorp (ASX:SUN) is planning to send thousands of jobs offshore after its hard-working employees raised its reputation in the wake of the summer floods, an Australian union claims. Finance Sector Union national secretary Leon Carter says Indian-based outsourcing companies World Network Services and Genpact are in Australia assessing Suncorp workplaces for jobs suitable [...]
Archive for the ‘Business Insurance’ Category
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ACE Limited Names Bundschuh President of International Life Insurance Business
Posted by gary on November 5th, 2010
ACE Limited announced that it has appointed Russell Bundschuh President of its international life insurance business. According to a release, in this role, Bundschuh will have executive responsibility for ACE’s global life insurance and life reinsurance operations. Bundschuh will be based in New York and will report to Ed Clancy, Chairman of the company’s Life [...]
INDIAN JV ICICI LOMBARD TO INSURE NACIL’S FLEET FOR US$9.1BLN
Posted by gary on October 12th, 2010
MUMBAI – ICICI Lombard General Insurance has won the bid to insure National Aviation Company of India Ltd’s (NACIL) aircraft fleet for US$9.1 billion, a top company official said. “We won the bid and completed the placement racing against a tight deadline. We submitted the bid on September 15, the bids were opened on the [...]
MALAYSIAN BIZMEN TOLD TO DEVELOP TIES WITH AUTHORITIES, BANKERS IN VIETNAM
Posted by gary on October 12th, 2010
Malaysian businessmen need to develop close ties with the local authorities and bankers in Vietnam to speed up the registration of their businesses to avoid any difficulty or complexity that may arise. Director of consulting firm, Finex Co Ltd, Betty Lim, said the businessmen needed to also observe the business practices in Vietnam to ensure [...]
Tags: Spain and Andorra Country Specific Information
Posted by gary on October 8th, 2010
COUNTRY DESCRIPTION: Spain and Andorra are both advanced stable democracies and modern economies. Spain is a member of the North Atlantic Treaty Organization (NATO) and the European Union. Read the Department of State Background Notes on Spain and Andorra for additional information. REGISTRATION/EMBASSY LOCATION: If you are going to live in or visit Spain or [...]
SRI LANKAN STANDCHART BRANCH SEEN AS ‘AAA’ BY RAM RATINGS
Posted by gary on October 4th, 2010
Sri Lanka’s Standard Chartered Bank (SCB) branch has been rated at ‘AAA’ by RAM Ratings Lanka, with the assessment driven mainly by the credit profile of the parent Standard Chartered Bank Plc, the rating agency said. It has also been given a ‘P1′ short term rating on RAM’s rating scale. It had assets of US$436.65 [...]
MaxCap Partners Names Mohammad Kamal Syed New CEO for Multi-Family Office
Posted by gary on October 4th, 2010
MaxCap Partners (MaxCap), a leading multi-family office and provider of wealth management investment services to the ultra high net worth community, announced today it appointed Mohammad Kamal Syed as CEO in August. MaxCap founder, Michael George, will now concentrate on the company’s investment committee, in particular the private equity sector, whilst also having more time [...]
VIRGIN MONEY TEAMS UP WITH TOWER AUSTRALIA
Posted by gary on September 23rd, 2010
Virgin Money will enter the life insurance market in an alliance with Tower Australia (ASX:TAL), the companies announced on Thursday. The introduction of life insurance products by early 2011 represents a broadening of Virgin Money’s current insurance portfolio, Virgin Money Australia managing director Matt Baxby said. He said there is a lot of opportunity to [...]
