Insurance industry
Australian telecommunications company Telstra Corp Ltd has acquired 100% of Insurance Network Services Pty Ltd (INS), positioning itself to provide e-commerce solutions to the insurance industry. This move aims to capitalize on growing demand for online insurance services. In related news, Royal & SunAlliance has appointed Pattanapong Somboontakerng as CEO
Insurance industry
Shares in AMP Ltd surged early in trading, reaching their highest intraday level since January 18, as speculation mounted that National Australia Bank Ltd might revamp its bid for the financial services giant. AMP's chairman revealed last week that NAB proposed a bid, but the details were vague,
Insurance industry
Europe's largest insurer, Munich-based Allianz AG, is poised to take on a significant role in the global asset management scene, following the merger of Deutsche Bank and Dresdner Bank AG. As part of the $32.55 billion deal, Allianz will acquire several lucrative fund-management operations, propelling it into
Insurance industry
The Australian market has continued its record-breaking run, with the market stretching its winning streak to five sessions. The strength in the resource, media, and telecommunications sectors offset concerns about falls on Wall Street, while Australian bond prices fell for the fifth consecutive time amid growing concern about the depreciation
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
The year 2000 saw a flurry of activity in the insurance industry, with several major mergers and acquisitions taking place. One of the most notable deals was the proposed merger between Norwich Union and CGU, which was valued at over £20 billion and would have created Britain's largest
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
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
