Insurance industry
The planned merger between insurance groups Norwich Union and CGU could result in the loss of up to 4,000 jobs in the UK, with over 3,000 employees in Glasgow, Perth, and Dundee facing uncertainty. The new company, CGNU, will be the fifth largest insurer in Europe, worth £19
Insurance industry
Investor Broadcast Network (IBN), previously known as Vcall, is set to broadcast investor communications conference calls over the internet for several prominent companies. This move marks an expansion of IBN's webcasting services, showcasing its growing presence in the industry. Sonic Automotive, IMSI, Inc., Portal Software, Consolidated Stores Corporation,
Insurance industry
The Blue Cross Blue Shield Thought Leadership Symposium 2000, a strategic event hosted by Pegasystems and EDS, aims to address the challenging customer service issues facing payors today and outline best practices for achieving world-class performance. The symposium, held from February 29 to March 2, 2000, at the Sawgrass Marriott
Insurance industry
Standard Life's management is facing increased pressure over its handling of the demutualization bid, as investors push for a £15bn conversion. Monaco-based Fred Woollard, a former fund manager, has been meeting with Standard Life's group managing director, Scott Bell, to discuss a possible resolution. Despite knowing
Insurance industry
President Bill Clinton's proposed fiscal 2001 federal budget is set to increase funding for two key area public transit projects. The budget allocates $10 million to the proposed $165.4-million extension of Metra's southwest line from Orland Park to Manhattan in Will County, with an initial
Insurance industry
As the takeover battle for National Westminster Bank, one of the United Kingdom's largest clearing banks, intensifies, it has taken on a European perspective with two major insurers, CGU plc and Prudential Corp. plc, backing competing bidders. The immediate prize for the insurers is National Westminster Life, the
Insurance industry
Investor Broadcast Network, a leading webcaster of investor events, has pioneered a new era of corporate communication by providing a platform for public companies to broadcast their investor relations conference calls and earnings releases directly to investors. This innovative approach has made it possible for investors to access critical information
Insurance industry
Major corporations including Ambac Financial Group, The Clorox Company, Tecumseh Products Company, Versant Corporation, and MICROS Systems, Inc are leveraging the power of the internet to broadcast investor communications conference calls, marking a significant shift towards digital investor relations. These broadcasts, facilitated by Investor Broadcast Network (formerly Vcall), provide investors
Insurance industry
Formerly an insurance mutual, the John Hancock Mutual Insurance Co. is poised to undergo a significant transformation with the proposed $1.73 billion IPO. The move aims to broaden its market and access the equity market, a valuable source of acquisition capital. The company will retain a portion of the
Insurance industry
Motorists and air travelers are paying the price for oil producers' decision to limit oil supplies. As of January, gasoline prices in Wisconsin are among the highest ever recorded for the month, with some areas reporting prices in the high $1.30s. The price of benchmark U.S. crude
Insurance industry
American International Group, Inc. (AIG) has announced a partnership with leading eBusiness and Internet security firms to provide services and products to AIG netAdvantage and AIG ProTech Internet liability insureds. The roster of companies includes IBM Global Services, RSA Security Inc., Kroll-O'Gara Information Security Group, and CertCo, Inc.
Insurance industry
In a recent move to gain an upper hand in the battle to acquire National Westminster Bank, Bank of Scotland chief executive Mr. Peter Burt has raised questions about Royal Bank of Scotland's relationship with CGU, a major insurer. The dispute centers on the issue of bancassurance ventures,
