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Fed rate action commentary from Swiss Re

2 mins read

The FINANCIAL -- After last week’s decision by the U.S. Federal Reserve to lower the target fed funds rate 25 basis points to 4.5%, Swiss Re’s Chief US economist, Kurt Karl, commented, “The Federal Reserve Board has made a second, but more modest, move to alleviate the market turmoil. Since the market was hoping…

Pan-European partnership with TomTom

1 min read

The FINANCIAL -- Zurich Financial Services Group (Zurich) is announcing a pan-European partnership with the world’s largest navigation solutions provider, TomTom. “As Zurich’s insurance products and TomTom’s navigation devices are both based on the idea of security and service, the arrangement will ideally benefit both customer bases”, company says. …

State and Private Insurance Companies Cooperating Effectively

2 mins read

The FINANCIAL -- The leading Georgian insurance company Aldagi BCI, participating in a health insurance program for the socially vulnerable population reported that 55 340 beneficiaries obtained medical insurance from Aldagi BCI by exchanging state granted medical vouchers for medical insurance policies. 466 beneficiaries have already received necessary medical help, the cost of which…

Peoples Insurance Launches Innovative Products

2 mins read

The FINANCIAL -- People’s Insurance, the Georgian insurance company established in 2004 as a subsidiary company of People’s Bank, is planning to establish three new products: Health card, Travel on call, and Legal Expenses Insurance, on the Georgian insurance market. …

The Vienna Insurance Group in the 1st quarter of 2007

5 mins read

The Vienna Insurance Group one one the leaders in Austria, the Czech Republic, Slovakia, Romania, Bulgaria, Albania and Georgia has announced 1st quarter results of 2007. …

Second wave of Zurich’s brand campaign goes live

1 min read

The FINANCIAL - Zurich Financial Services Group (Zurich) announced on May 14 that the second wave of the campaign has gone live in Europe and the US. …

Georgian-Israeli Business Forum In Tel-Aviv

1 min read

Two-day Georgian-Israeli Business Forum was opened in Tel-Aviv last week. Giorgi Arveladze, Minister of Economic Development of Georgia, is participating in the Forum. …

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