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AIG unit bid defended by Hong Kong group
Hong Kong-based Primus Financial Holdings on Wednesday defended its bid to buy the Taiwan unit of ailing US insurance giant American International Group.
The move...
Market / Participation : Axa cuts stake in Goldman Sachs
French insurer Axa has cut its holdings in US investment bank Goldman Sachs, which last month announced an 82 percent profit slide, by roughly...
EU opens antitrust probe into maritime insurance
European Union regulators opened an antitrust probe on Thursday into the maritime insurance sector, citing concerns that certain agreements may harm ship...
Wedding insurance specialist Ecclesiastical responds to news about wedding supplier Confetti going into administration
Following news that wedding supplier Confetti has gone into administration, Ecclesiastical, one of the UK’s leading providers of wedding insurance, has advised prospective brides...
Insurance market : Legal & General insurer shares rise on bid talk-traders
Shares in insurer Legal & General rose 3 percent on Wednesday, hitting a near two-year high and outperforming UK peers, with traders citing market...
BP to fund mental health in oil-hit Gulf states
BP announced Monday 52 million dollars in funding for health groups dealing with stress and depression in four southern US states hit by the...
Aon: Pension pots continue to shrink
Pension pots have shrunk further in the past four weeks, with a 30 year old’s and 60 year old’s annual pension income decreasing by...
AIG approaches big investors to take stakes in AIA
AIG has approached some of the world's biggest investors over the sale of a significant stake in AIA, the US insurer's Asian unit, drawing...
Insurer AIG sells consumer credit affiliate
Ailing US insurance giant AIG announced on Wednesday the sale of 80 percent of its stake in consumer credit provider American General Finance to...
Aegon UK appoints Gill Scott as HR Director
Aegon UK today announces the appointment of Gill Scott as HR Director.
Gill, previously Aegon UK’s Head of HR - Life and Pensions, has been...
Obama says health reform expended Medicare
US President Barack Obama showcased Friday his health care reform for the elderly, saying it had significantly extended the life of a health insurance...
Reinsurer Swiss Re says it weathers oil spill costs with big profit
Swiss Re, one of the world's biggest reinsurers, reported on Thursday an 812-million-dollar second-quarter net profit despite the cost of disaster damage from the...
Insurer Axa says capital loss cuts profits 29.0 percent
French insurance giant Axa reported on Wednesday a 29.0-percent fall in net profit for the first half, blaming a capital loss as expected from...
Pakistan hit by worst floods since 1929
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases the latest edition of its Monthly Cat Recap report, which provides an...
Appointment: Jodie Hackman to join Allianz Legal Protection
Allianz Legal Protection has boosted its before the event (BTE) claims operation with the appointment of Jodie Hackman.
Jodie joins Allianz after four years...
IAG announces expected FY10 result, dividend and changes to executive team
Insurance Australia Group Limited (IAG) today announced it expected to report an insurance margin for the year ended 30 June 2010 of 7.0%, in...
Weather Warning – July 27: Heavy rain expected in East of England and East Midland
The Met Office has issued on Tuesday a weather warning from 15.30 to 20.00 for East of England and East Midland. Heavy rain is...
XL Insurance announced quarterly dividend of $0.10 per ordinary share
XL Group PLC (NYSE: XL) announced today that its board of directors has declared a quarterly dividend of $0.10 per ordinary share payable on...
Home and vehicle insurance : Singapore flood risk alarms insurers
Insurers may hike premiums for flood-prone properties in Singapore after a deluge caused millions of dollars in damage and led to luxury...
ImpactOnDemand, a new real-time catastrophe risk management tool by Aon Benfield
Aon Benfield today announces the launch of ImpactOnDemandSM. ImpactOnDemand is a new generation of its flagship risk management tools which continue to...
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