latest news releases from the newsroom
If P&C Insurance
If divests Marine & Energy operations for USD 30M to Norwegian Assuranceforeningen Gard
STOCKHOLM, Sweden, Oct. 28, 2003 (PRIMEZONE) -- If P&C Insurance AB (Publ) has agreed to sell the Marine & Energy business area to Gard Marine & Energy, a company to be established and jointly owned by If and the Norwegian insurance company Assuranceforeningen Gard. The agreed selling price amounts to USD 30M (SEK 230M). Through this divestment, If is streamlining its operations and reducing most of its risk exposure in the marine and energy segment. The transaction will release capital and increase the solvency ratio by approximately 3.5 percentage points.
Bookham Technology Plc
Bookham Technology Plc -- 3rd Quarter Results
OXFORDSHIRE, U.K., Oct. 28, 2003 (PRIMEZONE) -- Bookham Technology plc (LSE:BHM) (Nasdaq:BKHM), a leading provider of optical components, modules and subsystems for fiber optic communication networks, today announced results for the third quarter ended September 28, 2003.
Trintech Group Plc
Trintech Achieves Visa PED Certification on Bank-Accredited PIN Pad Terminals
LONDON and DALLAS Oct. 28, 2003 (PRIMEZONE) -- Trintech Group Plc (Nasdaq:TTPA) (Prime Standard:TTP), a leading provider of transaction management and payment infrastructure solutions, today announced that it has achieved Visa PED (PIN Entry Device) certification on its bank-accredited Smart 5000 and Compact 950 PINPad terminals. This certification follows Trintech's success in being the first company to receive acquirer approval for its integrated point-of-sale EMV Chip and PIN solution.
Urban Backstrom new CEO of Skandia Liv
STOCKHOLM, Sweden, Oct. 28, 2003 (PRIMEZONE) -- Former head of Riksbanken (the Swedish Central Bank) Urban Backstrom has been named President and CEO of Skandia Liv. He will take office on 1 November.