CFC Stanbic Holding is seeking an exemption from the Capital Markets Authority (CMA) to enable it list its insurance business at the Nairobi Stock Exchange (NSE). “We are in discussion with the regulator over certain requirements which we may not meet and are seeking exemptions to enable us list the insurance business ,” said Mr [...]

TA Holdings Limited last week held its analyst and media briefing for the half-year ended June 2010 and told shareholders that the group is positioning its investments in the country to take advantage of the economic recovery. Management also indicated that they would be exploiting offshore growth opportunities in the insurance and hotel sectors. Currently, [...]

SilverStone Group has been selected as one of 2010′s Best Places to Work in Insurance by business insurance magazine and Best Companies Group. The Best Places to Work in Insurance award identifies and recognizes places of employment that are leading the way in defining the employee experience in the insurance industry. The recipient companies are [...]

Brown & Brown, a insurance and reinsurance provider, has reported a net income of $41.18 million, or $0.29 per diluted share, for the second quarter ended June 30, 2010, compared to $40.66 million, or $0.29 per diluted share, for the corresponding quarter of 2009. Total revenues for the second quarter of 2010 were $243.66 million, [...]

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, [...]

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 [...]

MEDIA RELEASE PR40352 IntraLinks and mergermarket Global Survey: 78 Percent of M&A Practitioners Expect an Increase in Deal Activity Over the Next 12 Months LONDON, July 8/ PRNewswire-AsiaNet/– Findings from a new global mergermarket survey commissioned by IntraLinks, a leading provider of critical information exchange solutions, have found that 78 percent of M&A practitioners expect [...]

Chamber Invest Leasing LLC is a newly created leasing company founded by the Tashkent regional division of the Chamber of Commerce and Industry of Uzbekistan to render short- and long-term financing for purchase of technological lines and equipment for import substituting and export oriented production. Also, Chamber Invest Leasing is planning to implement large investment [...]

Eastern Insurance Holdings announced that its board of directors has authorized a $0.07 per share quarterly cash dividend on its issued and outstanding shares of common stock, payable June 30, to shareholders of record at the close of business on June 16. In a release dated June 4, the Company said EIHI operates through its [...]

Intellect SEEC, a Polaris Group Company, is announcing the launch of its new Collaborative Business Solutions – Insurance CBX. The Company said these solutions are designed to effectively utilize portal technology, process choreography and business components built on ACORD standards that improve efficiency and support business growth. Insurance CBX is an SOA enabled solution designed [...]

Introducing Insurance CBX – Accelerating Business Process Renovation That Drives Efficiency and Growth LAS VEGAS, PITTSBURGH, Pennsylvania and CHENNAI, India, May 25 /PRNewswire-AsiaNet/ – Intellect SEEC, a Polaris Group Company, is announcing the launch of its new Collaborative Business Solutions – Insurance CBX. These solutions are designed to effectively utilize portal technology, process choreography and [...]