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India’s Aviva life insurance on Wednesday said that it has appointed Gaurav Rajput as associate director-marketing. Rajput, who joined Aviva Life in 2009, takes over from Vishal Gupta, who has taken a sabbatical for 18-months. Based in Gurgaon, Rajput will report to Aviva life insurance’s Managing Director & CEO T R Ramachandran, a press release [...]
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. [...]
American International Group (AIG) Taiwan unit gets new boss after sale fails
October 8th, 2010 
gary AIG named a new acting head for its Taiwan unit Nan Shan Life on Friday, in a move that analysts said paves the way for AIG to sell the unit again following the collapse of an earlier $2.2 billion (1.4 billion pound) deal. American International Group (AIG) appointed Richard Bender as the acting president of [...]
Insurers languish at Karachi stock exchange last week
October 8th, 2010 gary Some dull activities witnessed in the insurance stocks last week at the Karachi stock exchange as just around 2.9 million shares were traded together in life and non-life insurance stocks which are about 5 million shares less as compared to a turnover of 8 million previous week. Pak reinsurance was the volume leader with 2.12 [...]
Spain and Andorra Country Specific Information
October 8th, 2010 gary 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
October 4th, 2010 gary 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 [...]
SRI LANKAN FINANCE COMPANY CDB TO GET LISTED
October 4th, 2010 gary Sri Lanka’s Citizens Development and Business Finance, a firm 35 per cent owned by Ceylinco Insurance is listing itself to comply with a central bank direction and pave the way for raising capital in the future, officials said. CDB is listing on the ‘diri savi’ board of the Colombo Stock Exchange without making an initial [...]
Pet Insurance Company’s Referral Program Helps Those in Need
October 4th, 2010 gary Trupanion, the nation’s fastest-growing pet insurance company, has launched a new referral program that offers participants the opportunity to donate money to one of four national charities, simply by referring others to Trupanion. To take part in the program, participants create a unique referral link that they can share with friends and family. When a [...]
MaxCap Partners Names Mohammad Kamal Syed New CEO for Multi-Family Office
October 4th, 2010 gary 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 [...]
