Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an undisclosed price. The Dutch group denied that the sale …
The dispute between Poland’s Treasury Minister and Eureko, the European insurance consortium over the management of Poland’s largest insurance company, Powszechny Zaklad Ubezpieczen, appears to have been settled. Under new Treasury Minister Aldona Kamela-Sowinska the government will retain three of …
The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My children couldn’t sleep when …
Elan Steinberg, the executive director of the World Jewish Congress, said that the organization would oppose Prudential plc’s agreement to acquire Houston-based American General unless the British company agrees to join the International Commission of Holocaust Era Insurance Claims. The …
The Western world is haunted by the specter of the German government killing millions upon millions of Jews (and others) in concentration camps. I couldn’t sleep when I first saw the pictures in the 1950s. My children couldn’t sleep when …
The latest sigma study from Swiss Re provides a detailed overview of Central and Eastern European insurance markets with an analysis of the latest developments in life and non-life insurance in 27 countries, including the CIS, and on progress among …
On Tuesday, Polish Treasury Officials, who control 56 percent of the shares in Poland’s largest insurer, Powszechny Zaklad Ubezpieczen, ousted directors from Eureko, the European consortium of insurance companies, and its Polish partner BIG Bank Gdanski, from the company’s board. …
Germany’s Allianz is in talks with the Czech government concerning the acquisition of its 30 percent holding in the country’s biggest insurance group, Ceska Pojistovna. The move would further strengthen Allianz’ rapidly growing operations in Eastern Europe. CP has 43 …
According to the Financial Times CGNU is close to concluding a deal for its U.S. property/casualty business to White Mountains Insurance Group, a Bermuda based holding company which operates insurance subsidiaries in the U.S. The report also indicated that CGNU …
Citibank, the banking unit of Citigroup, has received permission from Polish banking regulators to acquire up to a two thirds stake in Bank Handlowy, Poland’s largest corporate lender, and would have between 50 and 66 percent of the voting rights. …
