Horse racing
The Cheltenham festival has announced two major sponsorship deals, securing the first financial backer for the Queen Mother Champion Chase and a replacement for Royal & SunAlliance as supporter of the festival's Grade 1 2m5f novice hurdle. The news follows an unprecedented injection of money into jumping in
Insurance industry
Imagio Technology Ltd is running Google AdWords training courses to help online businesses advertise profitably and attract target customers to their websites. The courses, which start in late November 2006, will be led by qualified Google marketing expert Mark Rouse, who is also the development director of Imagio Technology. The
Insurance industry
Savers were sold over 141,000 endowment insurance policies in the past 18 months, touted as a way to save for the future. However, these old-style plans are restrictive and less attractive compared to modern alternatives. Large insurance companies, such as Prudential, Norwich Union, and Legal & General, have stopped
Insurance industry
Massachusetts Attorney General Tom Reilly recently announced settlements with three health insurers over charges that their plans violated the state's mandatory benefits laws. The insurers, UniCare Health and Life Insurance Co., New England Life Insurance Co., and John Alden Life Insurance Co., agreed to pay statutory penalties of
Insurance industry
Manulife Financial Corp. delivered a string of profitable quarters, with its John Hancock Financial division playing a significant role in the success. The company has invested in share buybacks and raised its dividend, but investors are focusing on potential acquisitions. Manulife's shares climbed to a record high as
Insurance industry
Aon Corp., a leading insurance broker, has signed a letter of intent to sell its Construction Program Group (CPG) to Old Republic Insurance Co. for $85 million in cash. This sale is part of Aon's strategy to exit the property and casualty underwriting business and focus on its
Insurance industry
Zix Corp. (Nasdaq:ZIXI), a leading provider of hosted email encryption and e-prescribing solutions, has experienced phenomenal growth in the past five years, with revenue increasing by an astonishing 430%. This remarkable achievement has propelled the company to the 57th position on Deloitte's 2006 Technology Fast 500, a
Insurance industry
The deal, which has been in the making since the 1980s, aims to end the liabilities of Lloyd's and its individual investors, providing as much as $7 billion of coverage. Equitas, the liability run-off reinsurer of Lloyd's of London, has agreed to reinsure all of its
Insurance industry
American Family Mutual Insurance, the third-largest mutual property and casualty insurer in the nation, has chosen Audatex, a Solera Company, as its vehicle direct repair claims management and technology partner. This deal, covering over 2,700 users, represents an expansion of the current American Family relationship with Solera and marks
Insurance industry
As the World Trade Organization's transitional period for China expires at the end of the year, senior officials from the country's financial regulatory authorities have expressed their support for cooperation between banks and insurance companies. China's current financial regulations, which took effect in 1995,
Insurance industry
Insurance companies in China have amassed significant wealth, investing a combined 1.05 trillion yuan (US$133 billion) in the stock market, with a focus on banking stocks. The China Insurance Regulatory Commission (CIRC) has recently reported that insurance companies held 49.9 billion yuan of shares as of the
Insurance industry
The UK motor insurance industry is expected to undergo significant changes in 2006 and 2007, with many insurers announcing premium hikes and new market entrants making waves. Norwich Union's recent 16% to 40% hike in motor insurance premiums, depending on a driver's claims history, has sent
