Charlotte N.C-based Transamerica Reinsurance, a division of the Transamerica Group, which is a subsidiary of Holland’s AEGON Insurance Group, announced that it had officially opened its new Head Office for Asia in Hong Kong. “This head office will provide oversight, …
XL Capital Ltd has agreed to purchase Winterthur International from Winterthur Insurance, a subsidiary of the Credit Suisse Group. The all-cash transaction is valued at approximately $600 million and will be funded by XL out of current resources. Winterthur International …
The demarcation between years always seems to take on a contemplative aspect. We look back to where we’ve been, and then look forward to weigh our expectations. Will the market continue to harden? Will the dot-coms take our business? Will …
American International Group has taken the No.1 spot in the financial sector in terms of market capitalization with a market value of $217 billion. Its shares have been trading in the $90 to $100 dollar range, and have held up …
The ongoing battle to acquire Lloyd’s insurer Limit Plc continues to heat up as both contenders, Australia’s QBE and London insurer Wellington Underwriting Plc, upped their offers by as yet undisclosed amounts. QBE had already offered 135 pence (about $2.03) …
London based Hong Kong and Shanghai Bank Corp. (HSBC) announced the launch of an interactive commercial insurance service for the U.K.’s small business community. Initially the service will offer commercial property coverage, including premium quotations from insurers, premium collection and …
A virtual Who’s Who of the international financial community consisting of Bank of America, Credit Suisse First Boston, Goldman Sachs, J.P. Morgan, Hong Kong & Shanghai Bank, Morgan Stanley Dean Witter and UBS Warburg announced the formation of FXall.com (TM),” …
China, PNTR and WTOÐPart II What is the Chinese Market? The Western world has long had an ongoing fascination with China’s enormous population-1.2 billion and counting. Corporate leaders fantasize that, if only 10 percent of that population bought insurance coverage …
China, PNTR and WTOÐRealism and Caution The current phase of American trade and foreign policy towards China, which began with the recognition of the Communist regime by the Nixon administration in 1972, will reach another milestone on May 22, when …
