Insurance
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United Overseas Insurance declares S$0.085 dividend on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half of…
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United Overseas Insurance declares S$0.085 dividend per share on higher H1 2024 earnings
UNITED Overseas Insurance (UOI) reported an 18.8 per cent growth in its earnings for the first half of 2024 to S$14.2 million, from S$11.9 million in the first half of…
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How to rein in rising auto insurance rates
EVEN as inflation has eased, car insurance rates are rising by double digits. But drivers have some options for reining in premiums. According to the Bureau of Labour Statistics, auto…
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Tech outage spurs insurance clients to ready cyber claims
Marsh, the world’s largest insurance brokerage, said that dozens of its clients are preparing to file claims in the wake of a global computing outage that disrupted airlines, banks and…
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China’s Ping An Insurance sells US$3.5 billion in convertible bonds
CHINA’S Ping An Insurance priced an offering of US$3.5 billion in convertible bonds, joining a wave of issuance of the equity-linked instruments in Asia over the past few months. The…
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Ping An Insurance seeks US$3.5 billion from convertible bond sale
PING An Insurance (Group) is seeking to raise US$3.5 billion through the sale of convertible bonds due in 2029, according to terms of the deal obtained by Bloomberg News. The…
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MOH will take action against doctors who make the most ‘egregious and inappropriate’ insurance claims: Ong Ye Kung
THE Ministry of Health (MOH) will take actions against doctors who make “the most egregious and inappropriate” insurance claims, and it is starting to do so under the Claims Management…
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Ping An Insurance considering convertible bond sale this year
The insurer would need Chinese regulatory approval to proceed with a convertible bond sale Ping An Insurance (Group) is considering a convertible bond sale this year, according to people familiar…
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Cyber insurance rates fall as businesses improve security: report
CYBER insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report…
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Income Insurance says it is in discussion with Allianz for potential transaction of shares
INCOME Insurance is currently “in discussion” with European insurer Allianz on a transaction relating to Income’s shares, it said on Friday (Jun 14). The statement follows media reports that the…
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Banking and insurance are different businesses, but together they can yield synergies: analysts
BANKING and insurance may be two different businesses, but analysts say there are undeniable opportunities for both of them when partnered together. For instance, banks can gain fee income as…
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MAS issues prohibition orders against ex-Prudential insurance agents
THREE former insurance agents from Prudential Assurance Company : K6S 0% were on Friday (May 24) issued prohibition orders by the Monetary Authority of Singapore (MAS) for obstructing the course…
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Warburg Pincus, Temasek buy insurance services firm SRG in £1 billion deal
WARBURG Pincus and Singapore’s Temasek agreed to acquire Specialist Risk Group (SRG), an independent insurance intermediary based in London. Source link
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Citi profit drops as costs rise for employee severance, deposit insurance
CITIGROUP’S profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Net income…
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HSBC changes insurance head after Hingston’s surprise exit
THE head of HSBC Holdings’ insurance business is unexpectedly leaving the Asia-focused lender after two years in the post, and will be replaced by veteran insider Ed Moncreiffe. Greg Hingston…
