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Sunday, 13 June 2010

News Posts 20100607-20100613

Insurance News Despite surviving the recent AGM, both Prudential's Chairman and CEO are still under pressure from shareholders calling for them to either quit or forgo their bonuses.
LONDON: Some of Prudential’s largest investors will demand a shakeup of the company’s leadership over its handling of a botched US$35.5bil bid to take over AIG’s Asian unit, British media reported yesterday.
June 10, 2010

Insurance News In addition to Great Eastern and Fairfax Asia, now Pacificmas is in talk with Tokio Marine on the disposal of Pacific Insurance.
Further to the Company's announcements on 21 April 2010 and 14 May 2010 in relation to the proposed disposal of insurance business, PacificMas wishes to inform the Bursa Malaysia Securities Berhad that ...
June 9, 2010

Insurance News The probabilities of various teams winning the World Cup as predicted by actuaries: Brazil (18.8%), Germany (18.6%), Italy (17.5%), England (6.4%), the Netherlands (5.4%), Spain (5.3%). Do not take this too seriously though, it was based on certain assumptions.
BRAZIL has the highest chance of winning the Soccer World Cup tournament, the Actuarial Society of SA predicted today (June 9).
June 9, 2010

Insurance News BNM needs more time to have dialogue sessions with various parties and hence the TPBID scheme will not be submitted to the Finance Ministry next month as reported earlier.
PETALING JAYA: The implementation of the proposed basic third party motor insurance scheme is expected to be delayed.
June 9, 2010

Insurance News Zurich is buying 80% of PT Mayapada Life, which currently operates mainly through tied agency channel. Bancassurance channel will be developed with Mayapada Bank as partner.
Zurich Insurance Company Ltd has agreed to acquire 80% of PT Mayapada Life, an Indonesian life assurer focused on the distribution of group and individual life and health plans.
June 7, 2010

Insurance News Read for yourself, the live coverage of Prudential's AGM. To keep you in suspense, I will not summarise the outcome of the AGM here.
Chairman Harvey McGrath and chief executive Tidjane Thiam tackled the big question in London today: what went wrong over the AIA deal?
June 7, 2010

Insurance News Prudential achieved a 33% growth in new business in first 5 months of this year, amidst the AIA deal. The announcement is interpreted as an attempt to appease the shareholders over the failed bid for AIA.
LONDON: Insurer Prudential reported stronger sales growth ahead of its annual investor meeting, in an effort to appease shareholder anger over its failed bid for AIG's AIA Asian unit.
June 7, 2010

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