Apnaloan (www.apnaloan.com), the pioneer and largest market place for loans and credit cards has tied up with Reliance Money, the largest broking and distribution house in India, to provide information about personal finance on their website.
(live-PR.com) - Mumbai, October 6, 2008: Apnaloan (www.apnaloan.com), the pioneer and largest market place for loans and credit cards has tied up with Reliance Money, the largest broking and distribution house in India, to provide information about personal finance on their website.
As a part of the tie-up, content on the Easy Loan, EMI Calculators and FAQ sections on the Reliance Money website will be provided and powered exclusively by Apnaloan.com. Apnaloan has enlightened over 1.0 million consumers about Personal Loans, Home Loans, Car Loans, Credit Cards and Education Loans through its well-researched and vast data bank.
“Our tie-up with a leader such as Reliance Money is a step further in our attempt to provide consumers with effective and accurate information about various personal finance products. Our team of experts at Apnaloan provides our consumers with a hassle free loan process” said Mr. Harsh Roongta, CEO of Apnaloan.com.
Speaking on new alliances, Mr. Sudip Bandyopadhyay, Director & CEO, Reliance Money said, “Reliance Money has always been at the forefront of adding value to its customers. Our tie-up with Apnaloan.com is another step in enhancing the bouquet of services available to our consumers on our website.
About Apnaloan.com (www.apnaloan.com)
Apnaloan a division of ApnaPaisa Pvt. Ltd., is India’s first and largest online marketplace for loans and credit cards in India. Over 400,000 consumers have purchased a loan product with the assistance of Apnaloan to date, and many more have used the site to make a better, more informed decision to buy a home, get a credit card or to borrow money. This has made ApnaPaisa one of the largest consumer services company in the financial sector.
ApnaPaisa has recently launched Apnainsurance.com that is a comprehensive guide to insurance in India. It enables customers search and apply for all their insurance needs.
About Reliance Money (www.reliancemoney.com)
Reliance Money, a Reliance Capital company, is part of the Reliance Anil Dhirubhai Ambani Group. It is a comprehensive financial services and solution provider providing customers with access to Equity, Equity and Commodity Derivatives, Portfolio Management Services, Mutual Funds, IPOs, Life and General Insurance and Gold Coins. Customers can also avail Loans, Credit Card, Money Transfer and Money Changing services.
The largest broking house in India with 2.7 million customers and a wide network of over 10,000 outlets and 20,000 touch points in 5,000+ locations. Reliance Money endeavors to change the way investors transact in financial markets and avails financial services. The average daily volume on the stock exchanges is Rs. 2,000 crores, representing approximately 3% of the total stock exchange volume.
Reliance Capital is one of India's leading and fastest growing private sector financial services companies, and ranks among the top 3 private sector financial services and banking groups, in terms of net worth.
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Carnegie: Information about Carnegie's Exposure Towards Icelandic Assets
STOCKHOLM, Sweden, Oct 06, 2008 (BUSINESS WIRE) -- Regulatory News:
Carnegie (STO:CAR) has an equity loan in Icelandic currency that is currently valued at SEK 40m. This loan is fully collateralized by Icelandic government bonds.
In addition, Carnegie has business relations with institutions with links to Iceland. None of these positions includes assets in Icelandic securities, and Carnegie has no net exposure to Icelandic counterparties.
Carnegie is a leading independent investment bank with Nordic focus. Carnegie provides value-added services in securities brokering, investment banking, asset management, and private banking, as well as pension advisory services to institutions, corporations and private clients. Carnegie has approximately 1,100 employees in eight countries and is listed on the Nordic Exchange.
This information was brought to you by Cision http://www.cisionwire.com
State Auto Financial Reports Third Quarter Storm Losses, Negligible Direct Credit Exposures
COLUMBUS, Ohio, Oct 06, 2008 (BUSINESS WIRE) -- State Auto Financial Corporation (STFC:![]()
STFC 29.89, -0.12, -0.4%) today announced its preliminary estimates of catastrophe losses to be reported for its third quarter 2008, including those related to Hurricane Ike. In addition, the company reported that it had negligible direct exposure with respect to certain credit-impacted securities.
State Auto Financial Corp
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The company expects that its third quarter 2008 results will include between $55 and $60 million in pre-tax catastrophe losses related to storm activity, compared to $5.6 million in pre-tax catastrophe losses for its third quarter 2007. Third quarter pre-tax catastrophe losses have averaged $11.8 million for the prior five years.
Hurricane Ike was widely reported to have caused serious damage in Texas. State Auto's most significant losses, however, occurred in Ohio, Indiana and Kentucky, as Ike delivered tropical storm-force winds to parts of the Midwest.
"We dispatched members of our Catastrophe Claims Team to Texas days before Hurricane Ike made landfall," said STFC Chairman and CEO Bob Restrepo. "Our adjusters remain in that region and the Midwest, working to provide policyholders the high level of service they expect from State Auto. What no one could have anticipated was that an even greater number of our Midwest policyholders would be affected by that storm. State Auto's 24-hour Claims Contact Center has remained on overdrive, assisting policyholders whose properties were damaged by high winds."
"We are also very proud of the outstanding service being delivered by our independent agents," added Restrepo. "Their prompt, professional response to our customers in their time of need once again demonstrates the value of a local, independent agent."
Additionally, STFC reported that it had no direct exposure to Lehman Brothers Holdings Inc. or its subsidiaries ("Lehman"), American International Group Inc. ("AIG"), and no exposure to the common or preferred shares of Federal Home Loan Mortgage Corp. ("Freddie Mac") or Federal National Mortgage Association ("Fannie Mae"). STFC's exposure to Freddie Mac and Fannie Mae is limited to senior debt issues and mortgage-backed pools, which amount to less than four percent of invested assets, with no impairments anticipated as a result.
STFC plans to release final third quarter 2008 financial results on Thursday, October 23, 2008, followed by a conference call at 10:00 Eastern time to discuss the company's third quarter performance. Live and archived broadcasts of that conference call will be posted on StateAuto.com.
State Auto Financial Corporation, headquartered in Columbus, Ohio, is a super regional property and casualty insurance holding company. The company markets its personal and business insurance products exclusively through independent insurance agencies in 33 states and is proud to be a Trusted Choice(R) company partner. STFC stock is traded on the NASDAQ Global Select Market, which represents the top third of all NASDAQ listed companies. The company is one of NASDAQ's listed companies to be named a 2008 Mergent Dividend Achiever for having increased its dividends for ten or more years in succession.
The State Auto Insurance Companies are rated A+ (Superior) by the A.M. Best Company. The State Auto Insurance Companies include State Automobile Mutual, State Auto Property & Casualty, State Auto National, State Auto Ohio, State Auto Wisconsin, State Auto Florida, Milbank, Farmers Casualty, Meridian Security, Meridian Citizens Mutual, Beacon National, Beacon Lloyds, Patrons Mutual and Litchfield Mutual Fire. Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at StateAuto.com.
Except for historical information, all other information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these uncertainties are described in State Auto Financial's Form 10-K and Form 10-Q reports and exhibits to those reports, and include (but are not limited to): legislative changes at both the state and federal level; state and federal regulatory rule making promulgations and adjudications; class action litigation involving the insurance industry and judicial decisions affecting claims; policy coverages and the general costs of doing business; the impact of competition on products and pricing; inflation in the costs of the products and services insurance pays for; product development; geographic spread of risk; weather and weather-related events; and other types of catastrophic events. State Auto Financial undertakes no obligation to update or revise any forward-looking statements.
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