The News Review:
- What Can Travel Insurance Do For You?
- PMI Group: Company Has Funds To Pay Insurance Claims
- Imagine Insurance ratings affirmed with stable outlook – Fitch
- Pvt life insurance cos in the hunt for sales team leaders
- Met Mortgage deal struck with insurance commissioner
- Religare looking for non-life insurance partners
What Can Travel Insurance Do For You?
sys-con.com – Apr 8, 2008
Travel insurance which protects against such things as travel suppliers going bankrupt can ease consumers’ concerns and mitigate travel risks reports InsureMyTrip. com, the leading online provider of travel insurance.
PMI Group: Company Has Funds To Pay Insurance Claims
MarketWatch – Apr 8, 2008
said it has sufficient funds to pay insurance claims on defaulted loans. The Walnut Creek, Calif. , company made the announcement in response to Standard & Poor’s decision to cut its mortgage unit’s credit rating.
Related: The Camel: Wholesome Food and Therapy
Imagine Insurance ratings affirmed with stable outlook – Fitch
Forbes – Apr 8, 2008
and Imagine International Reinsurance Ltd. with a stable outlook. The affirmations reflect Imagine’s good operating results, historically strong capital formation rate, and the continued majority ownership of Imagine by Canada-based Brookfield Asset Management, Fitch said. The agency considers Imagine to be a strategic subsidiary of Brookfield.
Related: Fitch Rates Hillsborough County Aviation Authority (FL) Tampa Intl….
Pvt life insurance cos in the hunt for sales team leaders
Economic Times – Apr 8, 2008
It is
facing an acute dearth of experienced professionals to don the mantle of sales
managers who hire agents. This, in turn, has triggered a shortage of quality
people who can be roped in as agents and is stifling growth. To get around the
problem, private insurers are now recruiting people on their payroll at a
mind-boggling pace for selling policies. A sales manager is equivalent
to a development officer at Life Insurance Corporation (LIC) whose primary job
is to achieve sales targets through a group of agents it recruits.
Met Mortgage deal struck with insurance commissioner
Seattle Times – Apr 8, 2008
The agreement, pending court approval, would end the challenging and controversial four-year receivership of Western United Life Assurance and deliver significant cash to Metropolitan noteholders, according to Kreidler’s office. Metropolitan trustee Maggie Lyons isn’t so sure and is stung by how her legal and business advisers were shut out of the sales process and didn’t learn of the deal or the identity of the buyer — Global Life Holdings — until court papers were filed Friday night in Olympia. “We need to understand what this deal is all about,” Lyons said. “What I can say is this: This is not a $52 million sale that will net that kind of cash to my creditors.
Religare looking for non-life insurance partners
Economic Times – Apr 8, 2008
“We are interested
in non-life insurance, and we are looking for partners, even overseas,” said
Subhrangshu Neogi, vice president of corporate communications at Religare. getElementById(“storydiv”).
[...] Jon Conching, Regional VP Sales-Hawai‘i, Hilton Hotels Corporation Connie Flattery, Area Director of Sales & Marketing, Marriott International Peter Schall, Retired CEO, Hilton Hawaiian Village Jim Sweeney, Retired CEO of American Dental Association Business Enterprises, Inc. Cheryl Williams, Regional VP Sales & Marketing, Starwood Hotels & Resorts Worldwide, Inc. “The executive selection committee played a key role in the recruitment process. It was important to come together as a unified team and select the best possible individual, capable of growing our business at the Hawai‘i Convention Center and ultimately benefiting our industry partners and the entire State of Hawai‘i,” said Joe Davis, SMG general manager of the Hawai‘i Convention Center. “Our goal was to recruit a destination consensus candidate, which we successfully accomplished as a team. ” Mullanaphy, who has extensive sales and marketing experience, and is well known in the meetings industry, was most recently the vice president of sales for GES Exposition Services… It was important to come together as a unified team and select the best possible individual, capable of growing our business at the Hawai‘i Convention Center and ultimately benefiting our industry partners and the entire State of Hawai‘i,” said Joe Davis, SMG general manager of the Hawai‘i Convention Center. “Our goal was to recruit a destination consensus candidate, which we successfully accomplished as a team. ” Mullanaphy, who has extensive sales and marketing experience, and is well known in the meetings industry, was most recently the vice president of sales for GES Exposition Services. His other positions include director of tradeshow sales at Mandalay Bay Resort, Casino and Convention Center in Las Vegas, and director of national sales at Atlantic City Convention & Visitors Authority. “Neil brings a wealth of talent and resources to the Hawai‘i team. His in-depth knowledge of the freight shipping issues for tradeshows for example, one of Hawai‘i’s main challenges, based on his experience with GES, and his firsthand experience selling convention centers, makes him the ideal leader to tout Hawai’i in the marketplace,” added Davis. “Knowing that I have the full support of our Hawai‘i destination partners means a great deal in the marketplace and to me personally.Related: Pvt life insurance cos in the hunt for sales team leaders [...]
[...] WPP Group unit buys majority stake in public relations agency AxiComForbes – Apr 8, 2008said its wholly-owned operating company Cohn & Wolfe acquired a majority stake in pan-European technology public relations agency AxiCom Ltd. The company did not disclose any financial details of the deal. AxiCom’s revenues for the year to Dec 31 were 5. 8 million pounds, with gross assets of 4.Related: Imagine Insurance ratings affirmed with stable outlook – Fitch [...]