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 …
American International Group has purchased a 3 percent stake in Taiwan resistor and capacitor maker Yageo Corp. AIG reportedly bought 32.3 million shares for $50 million. Yageo was reported by Reuters news service as saying AIG expects Yageo’s recent 650 …
Oakland based EQECAT, a subsidiary of insurance and financial consulting firm EQE International, has been selected by the Central Reinsurance Corporation (CRC) of Taiwan “to assist in a feasibility study for a voluntary residential earthquake pool.” The move is in …
Financial services giant Citigroup unveiled a partnership with Taiwan’s Fubon Group on Saturday that will be essential to both entities expansion plans in Asia. Citigroup will invest $750 million to acquire 15 percent of five Fubon companies: Fubon Insurance Co., …
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 …
Transamerica Reinsurance, subsidiary of Transamerica Corp. and its parent Dutch insurer, AEGON, announced the opening of a liaison office in the South Korean capital, Seoul, which will handle life, annuity, accident and health products. “The liaison office will provide risk …
Driven in part by 1999’s particularly poor results, and perhaps encouraged by the recent mega-merger announcements from Europe (CGU-Norwich Union and Deutsche Bank-Dresdner Bank), Australia’s insurance/ banking/financial services sector seems set to go in the same direction. On March 10, …
Risk Management Solutions (RMS) announced the publication of two reports covering the Aug. 17 earthquake in Izmit, Turkey, and the Sept. 21 earthquake in Chi-Chi, Taiwan. The reports offer analysis of the affected regions, geologic effects, causes of structural damages, …
