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Asia’s insurance markets remain robust in terms of capacity and demand despite the current soft market cycle and uncertain global financial environment, according to Geoff Lambrou, head of Bowring Marsh Asia. Businesses are seeking more comprehensive risk coverage in Asia, driven by expansion of business overseas, Lambrou told BestWire. At the same time, insurance and [...]
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. [...]
China, U.S. to enhance collaboration in public health
June 22nd, 2010 
gary Senior officials from China’s Ministry of Health (MOH) and the U.S. Department of Health and Human Services (HHS) have pledged to improve collaboration in the public health sector. “This is an absolutely critical time for public health in China, in the United States and around the world, and we have much to learn from one [...]
INSURANCE FOR DEPARTMENT OF STATE ART WORK
June 22nd, 2010 gary NOTICE TYPE: Combine Solicitation DATE POSTED: 21-JUN-10 AGENCY: U.S. Department of State OFFICE ADDRESS: U.S. Department of State; Office of Logistics Management; Acquisition Management; P.O. Box 9115Rosslyn Station Arlington VA 22219 SUBJECT: Insurance for Department of State Art Work CLASSIFICATION CODE: 99 – Miscellaneous SOLICITATION NUMBER: SAQMMA10R0222 CONTACT: Katherine F Weakley, Phone 7038756073, Email weakleykf@state.gov [...]
Holbrooke reassures economic assistance to Pak
June 22nd, 2010 gary The visiting US delegation, led by Mr. Richard Holbrooke, the US Special Envoy for Pakistan and Afghanistan, held talks with the Federal Minister for Finance, Dr. Abdul Hafeez Shaikh and Farzana Raja, Chairperson Benazir Income Support Programme, here on Saturday. Appreciating the contribution of Pakistan in the War on Terror, Richard Holbrooke said that the [...]
MNAs support Senators recommendations
June 22nd, 2010 gary Members of the National Assembly on Saturday endorsed and supported a number of recommendations by the Senate for the annual budget 2010-2011 urging the government to incorporate them in the budget proposals. Members mostly hailing from the opposition benches also urged the government to ensure presence of the finance team in the House. Opening discussion [...]
Fortune to insure your bike
June 21st, 2010 gary Some 150,000 of the 540,000 motorcycle owners in New South Wales (NSW) will after 1 July 2010 incur third-party insurance premium increases of 85% or more. This applies to those using 250cc machines or scooters, although the 600cc-engined bikes also available to learner riders will be 30% less expensive to insure. The NSW Motorcycle Council [...]
INDIAN INSURERS REQUIRED TO ANNOUNCE QUARTERLY DISCLOSURES SOON
June 21st, 2010 gary India’s Insurance Regulatory and Development Authority (IRDA) on Friday said it will ask insurance companies to announce quarterly disclosures and will talk to consultancy firm Deloitte to come up with a format. IRDA member for finance and investment RK Nair said the regulator will ask Deloitte to come up with the format and the content [...]
Redland Insurance Company Due to Legal Entity Merger
June 21st, 2010 gary A.M. Best has withdrawn the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Redland Insurance Company and assigned a category NR-5 (Not Formally Followed) to the FSR and an “nr” to the ICR. In a release dated June 16, the Company said effective March 31, Redland merged with and into [...]
