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| | | TOWER Australia ramps up its market share in the direct-to-market life insurance sector after it acquired InsuranceLine, one of the largest direct distributor of life insurance products in the country. TOWER Australia bought InsuranceLine for $136 million ... |
| | | | ... today (AEST). And to ensure that this time it passes the House, the bill now includes an increase in the Federal Deposit Insurance Corporation's (FDIC) insurance limit on bank deposits from US$100k to US$250k. It also reportedly includes a 10-year US$150.5 ... |
| | | | ... US$700 billion plan more palatable to taxpayers, Congress has reportedly included tax cuts and increased bank account insurance to the bill. Whether these sweeteners are enough for the bail-out plan to get over the House of Representatives hump remains ... |
| | | | ... the fast-growing Asian markets, AIG is even more dominant with market shares as high as 40 per cent. Australian life insurance regulatory and prudential structures have also ensured that AIG in Australia is separately constituted with all assets of AIG ... |
| | | | ... new model of restrictions and governance. "Systemically important financial institutions [including investment banks, insurance companies, hedge funds and financial clearing houses] should be licensed to operate in major economies only under the condition ... |
| | | | ... account for less than 2 per cent of global financial assets and less than 5 per cent of the assets of all private pension, insurance and managed funds. |
| | | | ... electronic data transmission will be launched and then piloted for 12 months. The project partners include SWIFT, the global insurance standards organisation ACORD and the reinsurance companies Swiss Re, Munich Re and Scor. Rounding up the team, reinsurance ... |
| | | | ... filed for bankruptcy in the US, AEGON had a total general account fixed income exposure of $466 million to the firm. The insurance company also has counter party exposure in Lehman Brothers through derivatives contracts and securities lending transactions. ... |
| | | | ... think we may have contributed to the problem." Citing a McKinsey report, MacDonald said pension funds, mutuals and the insurance sector combined is six times larger than the so-called "powerbrokers", which includes sovereign wealth funds and petrol-rich ... |
| | | | ... for once ignoring overseas losses. "There is some very good buying, with stand-outs including Woolworths, Telstra, QBE Insurance and Macquarie Group. At 1208 AEST, Woolworths was up 56 cents, or 2.07 per cent, to $27.57, Telstra was six cents stronger ... |
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