Marsh & McLennan To Acquires HSBC Insurance Brokers For $218M.
Marsh has reached an agreement to acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank in a stock and cash deal worth GBP 135 million (around Rs 1,000 crore).
The transaction, which is subject to regulatory approvals, is expected to close in the [...]
Bajaj Allianz launched free Life Insurance scheme to Hospital Staff.
Bajaj Allianz Life Insurance has announced free life insurance cover of Rs 18 crore for one year to all the doctors and hospital staff engaged in treating swine flu patients.
All the staff at the NIV has been given insurance cover by the government and their safety [...]
India wide Public Sector Bank Strike & LIC Employees’ two-hour Strike against LIC Amendment Bill.
Banking services are expected to be affected as employees of public sector banks across the India will go on a two-day nationwide strike on 6th & 7th August, 2009 to press for wage hikes and other issues.
There was a conference [...]
Morgan Stanley Reports Its Larger Than Expected Loss.
Morgan Stanley reports its third straight quarterly loss, as the brokerage firm struggles to bounce back from last fall’s market meltdown.
Morgan Stanley (MS, Fortune 500) lost $1.26 billion in the quarter ended last month, with a big amount of that loss due to a one-time expense attached to [...]
The Global Financial, Banking System Came To Complete Collapse, Says Bankers
In a series of interviews for The Deal magazine on the state of rivalry in the domestic banking business, the bosses of the big four banks have disclosed that how close the global economical system came to complete collapse.
All four say the world came [...]
Max New York Life Insurance is looking to introduce universal life insurance policies in India. Rajesh Sud, chief executive officer and managing director, Max New York Life Insurance, said the company was planning to launch a universal life policy, a first-of-its-kind in India, and a health insurance product in this financial year.
Max New York Life [...]
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