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Featured /PPI : CC confirms point-of-sale prohibition
The Competition Commission (CC) has confirmed that it will introduce a remedies package based around a point-of-sale prohibition for all forms of payment protection...
Study : Western diseases spread to developing world
Chronic illnesses like obesity and diabetes, generally seen as "Western", are making worryingly rapid inroads in the developing world, health experts warned at a...
Report : General Account AUM Tops $1 Trillion Mark for the First Time
The Insurance Asset Manager (IAM) Annual Survey 2010 Edition, published today, reveals that the financial crisis prompted a sharply higher number of the world’s...
Study : CEIOPS has launched a European wide data request
In order to support the European Commission in finalising the Solvency II implementing measures, CEIOPS is aiming to provide recommendations based on robust, empirical...
Study : Health care blamed for US slump on global longevity scale
Life expectancy is shorter in the United States compared with other wealthy nations because of its health care system -- and not obesity, smoking,...
Study : 40% of EU’s insurance companies not ready for Solvency II
Approximately 40 % of the larger European insurers consider that they will not be ready for the passage for the new regulatory framework of...
UK floods : AXA calls for Government certainty on future flood defence funding
AXA is urgently calling on the government to be clear about its plans for the UK’s flood defence strategy and future funding to ensure...
Appointment : Liberty Syndicates enter agricultural and weather market
Liberty Syndicates Management Limited (Liberty Syndicates), a member of Liberty Mutual Group, is entering the agricultural and weather reinsurance market through the hiring of...
Travel alert : warning for European travelers
The US State Department issued a formal alert Sunday warning Americans traveling in Europe to remain vigilant against "potential for terrorist attacks" and urging...
AIG : Asian unit IPO valuation lowered to woo Kuwaitis
US insurer AIG has been forced to reduce its valuation for the Hong Kong initial public offering of its Asian unit AIA to win...
External growth : Allianz ready to shop for insurance firms
German insurer Allianz has set aside a billion euros (1.37 billion dollars) for future acquisitions but will take its time and shop carefully, chief...
EU ‘monitoring situation’ after US travel alert
The European Commission said Sunday it was "monitoring the situation" after US authorities urged Americans traveling in Europe to remain vigilant about potential terrorist...
Alert : US issues travel alert for Europe
The US State Department issued a formal alert Sunday warning Americans traveling in Europe to remain vigilant against "the potential for terrorist attacks" and...
Aon completes merger with Hewitt Associates
Aon Corporation today announced that it has completed its merger of Hewitt Associates, Inc. with a subsidiary of Aon, creating Aon Hewitt, the world's...
AIG / unit sale : Prudential Financial to buy Star Life and Edison Life Insurance
Troubled US insurer American International Group (AIG) said Thursday it had agreed to sell two Japanese life insurance units to Prudential Financial for almost...
Liberty Mutual Group Postpones Liberty Mutual Agency Corporation Initial Public Offering
Liberty Mutual Group today announced that it is postponing the initial public offering of stock in Liberty Mutual Agency Corporation.
The company said the...
Hannover Re : reduced collateral requirements for Florida
Following the agreement reached back in February of this year with the Florida Office of Insurance Regulation allowing Hannover Re – as the first...
AIG sees Asian unit making at least 2 billion dollar profit
US insurer AIG said its Asian unit AIA would likely book an annual operating profit of at least two billion US dollars as the...
Merger : Aon and Hewitt Expect Proposed Merger to Close in Early October
Aon Corporation and Hewitt Associates, Inc. announced today that they currently anticipate completing their proposed merger transaction pursuant to the previously announced Agreement and...
US health care : Obama back to defend reform
President Barack Obama was back defending his historic health care reforms Wednesday, as key elements of the unpopular law came into effect despite Republican...
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