Paul Travelers is a leading provider of commercial property-liability insurance and asset management services.
Similar consolidation and transformation was seen in insurance and asset management.
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If the Dresdner plan now goes ahead, Germany's retail financial markets will take a big stride towards Allfinanz: the provision of banking, insurance and asset management by single institutions.
Since Indian banks are restricted from investing more than 20% of their net worth in nonbanking businesses, Kamath wants to transfer the insurance and asset management businesses to the newly created ICICI Financial Services, a holding company.
General Re is a holding company for reinsurance, capital analysis, insurance consulting and asset management.
Despite shedding its insurance underwriting and asset management units in the last year or so, Citigroup continues to operate in a stunning variety of businesses, from subprime mortgage lending and branch banking to investment banking, private equity and securities servicing.
Foreign institutional investors mainly consist of mutual funds, pension funds, endowments, sovereign wealth funds, insurance companies, banks, asset management companies etc.
In the past quarter the bank's fee income grew by 36%, much faster than income from lending, as investments in asset management, insurance and stockbroking began to pay off.
Some people would have a hard time connecting asset management at a large insurance company with entrepreneurial.
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Others include leasing, credit and debit cards, asset management, securities broking, pensions and insurance.
Citigroup (nyse: C - news - people ), which epitomized the diversification trend by combining insurance underwriting, securities, retail brokerage, consumer banking and asset management under one red umbrella in 1998 moved earlier this year to shed its life and annuity business.
Ping An's ambition is to move beyond insurance and become a financial conglomerate by further developing its banking and asset management units.
Nippon Life Insurance has agreed to buy a 26% stake in Reliance Capital Asset Management in a bid to tap into the fast-growing Indian market.
The company through its bank provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing.
ING, the Dutch bank-and-insurance group which in 1995 snapped up Barings, an investment bank with a big asset-management arm, after the British firm went bust.
Asset Management involves the provision of financial intermediation services to its corporate and individual customers, and Insurance segment provides general and life insurance products.
"Asset management is going to be tough, " said Katsuhiko Oka, senior vice president at Sony Life Insurance Co.
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