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Insurance companies in Shanghai recorded an original premium revenue of over CNY 47.72 billion in the first half of the year, expanding by over CNY 12.59 billion or 35.85 percent over the period of a year earlier. Property insurers in the city brought in an original premium income of CNY 10.425 billion, gaining by CNY [...]
INDONESIAN MINISTRY SELECTING STATE COMPANIES READY FOR IPO’S
Indonesia’s state enterprises ministry is selecting state-owned companies which are ready to go public next year. State Enterprises Minister Mustafa Abubakar said at the Indonesia Stock Exchange here on Wednesday that some of the companies being processed are operating in the fields of services, energy and insurance. “We are still selecting them but I am [...]
HealthWyse partners with ZirMed
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, [...]
1st Guard selects DocuSign e-Signature platform
August 4th, 2010 
gary 1st Guard, a truck insurance firm, has selected DocuSign e-Signature platform, an electronic signature management platform to securely transact insurance documents online from anywhere, anytime. 1st Guard has eliminated the logistical method of faxing, printing and mailing applications to customers. DocuSign offers the convenience of signing utilizing an Apple iPhone, RIM BlackBerry or any other [...]
Stewart Information Services Corp. Leads Tuesday’s AMBG as Global Insurance Index Declines 0.32%
August 4th, 2010 gary The AMBG closed Tuesday, Aug. 3, at 814.61 (-0.32%). Of the 15 A.M. Best stock indexes, three rose and 12 declined. Leading A.M. Best’s Global Insurance Composite Index (AMBG) were Stewart Information Services Corp. (+7.61%) and AmTrust financial Services Inc. (+3.92%). Trailing the list of global insurance stocks were Unitrin (-10.09%) and Flagstone reinsurance Holdings [...]
Munich Re Profit Driven by Strong Investment Result
August 4th, 2010 gary Munich Re cited the “particularly large contribution” of a strong investment result as first-half earnings rose 5.3% to 1.19 billion euros. The group’s reinsurance result fell 19.3% to 1.06 billion euros, but primary insurance earnings surged to 293 million euros from 1 million euros a year earlier. Munich Health posted a first-half profit of 16 [...]
China and Pakistan Hit by Severe Floods in July
August 4th, 2010 gary Asia was hit by severe floods in July, causing widespread property and economic losses in countries including China, Pakistan and India, where insurance coverage is relatively low. “The flooding across Asia has displaced millions of people and destroyed many millions of hectares of farmland,” said Steve Jakubowski, president of impact forecasting at Aon Benfield, in [...]
(2nd LD) S. Korea unveils sale plan for Woori Finance, bank units
August 1st, 2010 gary South Korea will seek to sell a major state stake in Woori Finance Holdings Co. and controlling shares in its two banking units, a bailout watchdog said Friday, heralding the full-fledged start of privatizing the holding company. The Public Fund Oversight Committee said it has decided to unload “a certain amount of share or more” [...]
Marsh Sees ‘Modest’ Increase in Insurance Costs for Offshore Energy Risks
August 1st, 2010 gary Losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by Marsh. In a release, Marsh noted that report highlights include: Following Hurricane Katrina, the market experienced massive reductions in capacity [...]
HSBC Finance Corporation Names Burke CEO
August 1st, 2010 gary Patrick Burke has been appointed Chief Executive Officer of HSBC Finance Corporation, to lead the U.S. consumer finance division. In a release dated July 28, the Company said Burke’s appointment was effective July 12. He succeeds Niall Booker in this role; Booker was recently named CEO of HSBC North America Holdings, Inc. with effect from [...]
SilverStone Group Named Best Place to Work by Business Insurance
August 1st, 2010 gary 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 [...]
UMB Financial reports earnings up
July 29th, 2010 gary Kansas-City, Mo.-based UMB financial Corp. announced earnings for the three months ended June 30 of $23 million, or 57 cents per share (57 cents diluted). This is an increase of $4 million, or 20.9 percent, compared with second quarter 2009 earnings of $19 million, or 47 cents per share (47 cents diluted). Earnings for the [...]
BOKF income up strongly for 2Q, six months
July 29th, 2010 gary BOK financial Corp. reported net income for the second quarter of $63.5 million, or 93 cents per diluted share, up from $60.1 million, or 88 cents per diluted share, in the first quarter and $52.1 million, or 77 cents per diluted share, for the second quarter of 2009. Net income for the six months ended [...]
America’s New Health Care System revealed through bewildering chart
July 29th, 2010 gary America’s New Health Care System Revealed UPDATED Chart Shows ObamaCare’s Bewildering Complexity Washington, DC – Four months after U.S. House Speaker Nancy Pelosi famously declared “We have to pass the bill so you can find out what’s in it,” a congressional panel has released the first chart illustrating the 2,801 page health care law President [...]
