Insurance industry
At the height of its success two years ago, Lloyds TSB, Britain's biggest bank, was virtually untouchable. With a market value of more than £50 billion, it was the clear winner in the battle to dominate the UK's financial landscape. However, a series of failed takeovers
Insurance industry
Liberty Life Insurance Co., a subsidiary of Royal Bank of Canada, has entered into a national strategic marketing alliance with Prism Mortgage Company to offer mortgage life insurance through Prism loan officers. This agreement enables Liberty Life to tap into the customer base of one of the nation's
Insurance industry
Standard Life, Europe's largest mutual insurer, is gearing up for another battle to convince its 2.3 million members to convert to a publicly traded company, offering windfalls estimated to be significantly higher than initially stated. The news follows a failed conversion attempt by a group led by
Insurance industry
IMRglobal Corp., a leading global provider of end-to-end information technology solutions, has signed a multi-year agreement with ReliaStar Life Insurance Company, a leading provider of employee benefits and worksite financial services. The project involves component-based development (CBD) work for ReliaStar's group insurance business and will be designed as
Insurance industry
Matsushita Electric Works and Sumitomo Life Insurance Company have partnered to promote nursing care services, with Sumitomo's 50,000 sales agents marketing these services to 9 million policyholders and their families. Meanwhile, the National Australia Bank is separating its insurance and investment operations from banking, following the acquisition
Insurance industry
Kim King, a member of the team that assembled the 16-acre City Center tract in Buckhead 15 years ago, believes the site is prime for an office tower development. The tract, situated at the intersection of Buckhead's two main thoroughfares and equidistant to Lenox Square mall and West
Insurance industry
Investor Broadcast Network (IBN), founded as Vcall in 1997, has become a leading provider of webcasting services for corporate investor conferences. The company's platform allows over 450,000 registered users to access live and archived webcasts of investor events from more than 600 public companies. IBN's
Insurance industry
Investor Broadcast Network (IBN), previously known as Vcall, announced that several prominent companies will broadcast their investor communication conference calls over the Internet, marking a significant expansion of its webcasting services. This move enables the public to access corporate earnings conference calls from over 600 public companies, providing a unique
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
The Guilford County commissioners voted 6-4 to offer $270,000 to UnitedHealth Group if the company chooses Greensboro for a major expansion. The incentive package is contingent upon UnitedHealth Group bringing as many as 860 jobs and $21.7 million to the tax base. The company would receive the reimbursement
Insurance industry
GE Capital's Japanese-based joint venture, GE Edison Life Insurance Co., will acquire Toho Mutual Life Insurance Co.'s operations, including 1.6 million policyholders and related assets. The Policyholder Protection Corp., a Japanese insurance industry safety-net organization, will contribute approximately $3.6 billion as part of the
