South Korea’s Hyundai Fire & Marine Insurance is offering a policy to the country’s restaurants, hotels, and other commercial businesses designed to cover damages caused by “hooligans” during Soccer’s World Cup Competition, which begins at the end of May. The …
The obstacles separating the consortium led by American International Group and South Korea’s Hyundai Securities have proven more intractable than anticipated, preventing the groups from concluding their long running negotiations for the acquisition of Hyundai and two investment units by …
American International Group and its partners appear to be back on track for the completion of their acquisition of three financial units from South Korea’s Hyundai Group. AIG suspended its “due diligence” study at the end of October, partially due …
Wholesale withdrawal from terrorism coverage is shielding the U.S. insurance industry from widespread rating actions following the September attacks, but it leaves U.S. commerce highly vulnerable to any future acts of a similar magnitude, Standard & Poor’s stated. “In the …
Negotiators in Geneva had hoped to announce that they had reached an accord on all issues, clearing the way for China to join the World Trade Organization, but they’ll have to wait a bit longer, as a dispute over American …
The Prudential Insurance Company of America announced a new name: Prudential Financial. The name change reflects the company’s evolution from an insurance company focused solely on protection to a company involved in diverse financial services, including insurance, investments and asset …
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, …
American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that also was open to limited public …
South Korea’s Hyundai Securities is in negotiations to sell a 20 percent stake to American Insurance Group in a deal that could be worth nearly $1 billion for the Korean firm. “The chairman of Hyundai Securities is now in talks …
Prudential Insurance Co of America has agreed to acquire a majority stake in Taiwan’s asset management firm, MasterLink Securities Investment Trust Enterprise, for $95 million. Douglas Fergusson, president and chief executive of Prudential Asia, reportedly told Reuters news service hours …
