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British insurer Aviva says ‘very low’ risk of eurozone defaults
The boss of British insurer Aviva on Tuesday said there was a "very, very low" risk that Greece, Spain or Portugal would default on...
British bank RBS says will axe 2,600 jobs, mostly in insurance division
Britain's state-rescued lender Royal Bank of Scotland announced on Monday that it plans to axe 2,600 jobs.
The bank, which is 83-percent owned by the...
Obama highlights benefits of health reform
US President Barack Obama highlighted the benefits of the newly-adopted health care reform on Saturday, saying it had already made insurance companies more accountable.
"Aside...
Rig owner sets aside 200 million dollars for US oil disaster
The owner of the rig at the center of the Gulf of Mexico oil disaster said Thursday it had set aside 200 million dollars...
Swiss Re insurance profits dampened by disaster damage
Swiss Re, one of the world's biggest reinsurers, on Thursday reported a surge in first quarter profit although its results were dampened by losses...
Insurer Allianz posts quarterly profit of 1.7 billion euros
The German insurance giant Allianz said on Wednesday that its first-quarter operating profit gained 21 percent from the same period a year earlier to...
German banks, insurers may lend Athens 1 billion euros
Deutsche Bank and insurers Allianz and Munich Re could lend Greece one billion euros (1.3 billion dollars) on the same terms as a EU-IMF...
New insurance giant Generali chief Geronzi resigns from Mediobanca
The head of the board of Italian investment bank Mediobanca Cesare Geronzi resigned late Monday just two days after taking over the helm of...
Bernheim, 85, bitter on leaving Italy’s Generali
French financier Antoine Bernheim, stepping down from the helm of Generali on Saturday, charged he was forced out of the Italian insurance giant by...
New appointments at Aon Benfield
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today announces that it has promoted Paul Kaye to Head of Actuarial and Enterprise...
Ash cloud disruption: Expert Comment on business insurance implications
Stephen Cross, CEO of Aon Global Risk Consulting, commented on yesterday the business and insurance implications of the ash cloud that has been causing...
Prudential gets approval for Hong Kong listing
London-listed insurer Prudential has been given the green light by the Hong Kong Stock Exchange to list on the city's bourse, a report said...
Frustration as South African Airways cancels post-volcano flight
Frustrated passengers were braced for a sixth unplanned night in Johannesburg on Tuesday as South African Airways (SAA) cancelled what was to be its...
New ash cloud prompts Qantas to extend flight ban
Australia's Qantas Airways extended its ban on flights to and from Europe for another 24 hours on Tuesday, as hopes of a quick resolution...
Ash cloud leaves European backpackers stuck in Australia
Hundreds of European backpackers remained stranded in Australia on Monday, many low on funds, as travel mayhem from the Iceland volcano extended right around...
Flight ban extended due to volcanic ash
A ban on flights through UK-controlled airspace will stay in place until at least 7 a.m. on Friday due to the danger posed by...
Travel chaos: volcanic ash cloud, travel insurance advice
The British Insurance Brokers’ Association (BIBA) has issued clarification and advice to travellers affected by the cloud of ash from a volcano in Iceland,...
400 killed, thousands injured in China quake
A strong earthquake and aftershocks rattled northwestern China’s Qinghai Province over the last 15 hours, killing at least 400 and injuring over 10,000, according...
XL Insurance sets up Casualty Operation for Middle Market business in Ireland
XL Insurance, the global insurance operations of XL Capital Ltd (NYSE: XL), today announced the launch of its new Dublin based underwriting operation for...
Groupama Optima Trade Plus : Tradesman policy is first to cover part-time workers and offer them fairer premiums
In a first for the insurance sector, Groupama Insurances is offering Tradesman cover for part-time workers at a reduced per capita rating through its...
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