RSS Feed
Chinese insurance broker Shanghai Asian Insurance Brokers Co., Ltd. (SAIB) saw an SAIB Community Insurance Supermarket kick off formal operation in Shanghai’s Luwan District on April 28. As the first community insurance supermarket in China, it sells not only ordinary insurance products such as life insurance products and property insurance products but also some special [...]
Insurance Firm Sues CPA for $5.7 Million
An insurance company claims that relying on false financial statements has cost it $5.7 million. Travelers Casualty & Surety Co. of America has filed a federal lawsuit against the CPA, H. Neal Privitt of Little Rock, who provided the financial statements in an attempt to recover the money. Travelers was the surety bonding company for [...]
ASIAN-BASED IGATE’S Q3 NET INCOME UP 60% AT US$14.3 MLN
US-based, Indian-focused IT outsourcing firm iGATE on Wednesday said its net income jumped by 60.67 per cent to US$14.3 million in the quarter ended September 30, 2010. The company, which earns 80 per cent of its revenue from North American markets, had registered a net income of $8.9 million in the third quarter last year. [...]
Sino Life Insurance 2010 Premium Surges 120%
May 5th, 2011 
gary Sino life insurance Co., Ltd. obtained CNY 15.318 billion premiums in 2010 fiscal year, surging 120% year on year, said sources. The life insurer is due to release 2010 financial result at end-May. Sources said Sino life insurance’s standard premiums of personal insurance climbed 156% year on year, new bancassurance policies expanded 138% and new [...]
Bookkeepers face insurance crunch
May 5th, 2011 gary Australian registered tax agents must acquire insurance by 1 July 2011. Tax agents and bookkeepers who do not have professional indemnity insurance by this date risk suspension by the Tax Practitioners Board. The introduction of the strict new standards are an attempt to increase the registration rates of bookkeepers. Many tax agents are already registered [...]
CHINA RAISES BAR FOR INSURANCE ASSET MANAGEMENT COMPANIES
April 25th, 2011 gary The China Insurance Regulatory Commission (CIRC) on Thursday issued new stringent rules on the establishment of insurance assets management companies. Meanwhile, it has adjusted the Provisionary Rules on Management of Insurance Assets Management Companies issued in 2004. Under the new rules, an insurance assets management company should be started by insurance groups or companies. The [...]
New China Life to Listing Quiet Period
April 25th, 2011 gary New China life insurance Company, which has not speeded up its dual-listing on the Shanghai Stock Exchange and the Stock Exchange of Hong Kong, currently enters a quiet period before a listing. People close to the matter disclosed that the life insurer will not shift the planned A-share and H-share listing plan to an earlier [...]
Bank of America Posts First Quarter Results
April 19th, 2011 gary Bank of America Corp. reported net income of $2.0 billion, or $0.17 per diluted share, for the first quarter of 2011, compared with $3.2 billion, or $0.28 per diluted share, in the year-ago period and a net loss of $1.2 billion, or $0.16 per diluted share, in the fourth quarter of 2010. In a release [...]
Lunarline CEO Named to the 2011 Smart100 Roster
April 19th, 2011 gary Lunarline announced that Washington SmartCEO magazine recently announced that its CEO, Waylon Krush, has been named on the roster of its 2011 Smart100 CEOs. According to a release, Smart100 is an elite group of 100 CEOs chosen for their leadership, strategic vision and character. As a selected member of the Smart100, Waylon Krush shares stories [...]
Petplan Pet Insurance Encourages Investing Into Protecting the Family Pet
April 19th, 2011 gary With many Americans anxiously awaiting their tax refunds, Petplan, a pet insurer, announced that it encourages pet parents to consider spending a portion of any tax refund on pet insurance. “In 2010, one in every three pets in the United States required unplanned veterinary care and pet parents spent almost $13 billion on veterinary services,” [...]
