All articles by Verdict Staff
Verdict Staff
Principal grows Latin American footprint
Increasing its presence in Brazils asset management market, US insurer Principal Financial Group is to acquire a 60% stake in Brazilian mutual fund and asset management company Claritas Administrao de Recursos for an undisclosed sum. Commenting on the acquisition, Luis Valdes, president and CEO of Principal International, said: Entering the Brazilian mutual fund and asset management market has long been a strategic priority for Principal.
L&G highlights the monetary value of mothers
Legal & General has estimated that the average value of a typical mother contributing to domestic work around the home is just over £32,000 Legal & General released the data because according to the companys research the monetary value of a mother is sometimes overlooked when families try and work out their life insurance needs.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
China Life dishes up more bad news
China Life attributed the significant deterioration in its performance in the third quarter to the sharp decline in the Shanghai A-Share Stock Price Index which shed almost 15% of its value in the third quarter of 2011.
WellPoint and IBM team up
US health insurer WellPoint and IMB are joining forces to bring the power of analytical computing to bear on the challenge of improving patient care. At the heart of the solution is Watson, one of the most advanced computing systems yet developed by the technology giant. Watson, named after IMB founder Thomas J Watson, was developed by a team of IBM scientists who set out to build a computing system that rivals a humans ability to answer questions posed in natural language with speed, accuracy and confidence.
Asia’s diminutive power house
With a three-decade-long civil conflict behind it, Sri Lanka is on a rapid recovery path, boosting its GDP to among the highest in the world