Insurance- Page 84

The FINANCIAL -- According to Dow Jones, Germany's Munich Re AG (MUV2.XE), the world's second-largest reinsurer by premium income, Sunday said recent declines in profits and equity capital among its primary-insurance customers should work in favor of the rates the reinsurance industry

The FINANCIAL -- According to Swiss Re, new forms of private-public partnerships are required to anticipate and respond to the risks related to climate change. Today, at the International Disaster and Risk Conference (IDRC) in Davos, Peter Forstmoser, Swiss Re’s Chairman of

The FINANACIAL -- The accident researchers of the Allianz Center for Technology (Allianz Zentrum für Technik Automotive GmbH, AZT) analyzed 2500 Allianz claim files for the DIWA research project. The results were cited in support of the study conducted by the Technical

The FINANCIAL -- According to Dow Jones, South Korea's Kumho Life Insurance plans to go public this year and is aiming to raise KRW300 billion-KRW500 billion from the securities market, a company official said on August 25.

The FINANCIAL -- ING DIRECT N.V. announced on August 18 that its public takeover offer for Interhyp, Germany’s largest independent residential mortgage distributor, has closed.

The FINANCIAL -- Allianz has increased its stake in Guotai Junan Allianz Fund Management Co. Limited (GTJA-Allianz) from 33 percent to 49 percent. GTJA-Allianz was established in 2002 as the first joint-venture asset management company in China. Allianz SE’s cooperation with Guotai

The FINANCIAL -- According to Georgian insurance companies, property insurance is becoming one of the most popular and demanded products among Georgian customers.

The FINANCIAL -- According to Dow Jones, China Merchants Bank Co. (3968.HK) said on May 5 it signed a deal to buy from a sister company a 50% stake in a Shenzhen-based insurance joint venture with Cigna Corp. (CI) for CNY141.9 million.

The FINANCIAL -- Zurich Financial Services Group (Zurich) announced that it has opened the Zurich Insurance Company Singapore branch, which becomes operational today, on May 5, 2008.

The FINANCIAL -- Allianz and Koç have signed a share purchase agreement regarding the stakes in Koç Allianz Sigorta and Koç Allianz Hayat ve Emeklilik, currently held by Koç Holding AŞ and related parties.