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insurance

Factor seeks partnership with bank giant

Turkey Economy Bank (TEB) Financial Investments Inc., the private banking, factoring, leasing and investment group, announced yesterday that it is starting discussions with the French finance group, BNP Paribas, regarding a possible joint venture. After an executive board meeting this...

#bank#economy#insurance

Credit insurer refunds $6.5m to overcharged customers

Assurant Group companies have agreed to return about $6.5 million for charging what Maryland's insurance commissioner calls excessive rates for…

#compliance#insurance#Paid


Credit insurance market under performing

Chile's first quarter credit insurance sales reached 928.5m pesos (US$1.4m), an 18.2% increase over the 785.6m pesos posted in the…

#insurance#management#receivables


Credit insurer Euler Hermes' outlook revised

Standard & Poor's Ratings Service has revised Euler Hermes’ outlook on the core operating entities of the Euler Hermes Group…

#guarantees#insolvencies#insurance


British and Austrian banks and insurers to open affiliates...

Seven banks and insurance companies have expressed interest in opening an affiliate company in Latvia. The companies comprise three from…

#bank#banks#insurance


Fuel distributors to get credit insurance functionality online

John Reynolds, a UK provider of credit insurance services to commercial fuel distributors, has teamed up with BigOil.net, a specialist…

#insurance#management


Coface snaps up Australian credit insurance business

Coface, the credit management and insurance group, has bought the credit insurance business of Australian underwriting agency, Dexta. Dexta Corporation…

#3M#insurance#management


Trade credit insurance; the best defence against company identity...

IT Partnerships (ITP), a value added reseller (VAR)* of computer equipment, has warned that credit insurance is the best defence…

#insurance#software#trade


NIKoil at forefront of banking consolidation

Consolidation among Russia's biggest banking institutions is starting to take place as bankers realise that organic expansion will not provide…

#acquisition#bank#banks


Union condemns Lloyds TSB closure of Bournemouth asset finance...

The finance union UNIFI described the announcement of 270 job losses within Asset Finance, the finance house arm of Lloyds…

#banks#insurance#Jobs


COFACE Algeria’s first credit insurer – BNA

BNA Finances, published by the National Bank of Algeria (BNA), has named COFACE as the first credit-insurer operating in Algeria.…

#bank#guarantee#guarantees


AGF plans to build 10% on profit recovery in...

Allianz group’s French insurance subsidiary AGF has set itself the target of increasing operating profitability by 10% this year after…

#Allianz#insurance

AGF's Euler Hermes net profit triples to meet target

Assurances Generale de France's credit insurance unit Euler Hermes said net profit in the full year 2003 nearly tripled to…

#Allianz#insurance#reinsurance

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