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Combined net worth for the State Farm group increased in 2009 by $4.8 billion to end the year at $58.1 billion
The primary reason for the improvement was a $3.8 billion increase in the value of the property-casualty (P-C) companies’ unaffiliated stock portfolio (net of...
Groupama Insurances is growing talent : Specialist new role created to implement 3 year talent plan
Building on its IIP Gold accreditation, Groupama Insurances is implementing a 3 year talent plan and has appointed Jordan O'Connor in the newly created...
World Trade Center attacks : 657 million dollars deal for Ground Zero workers
More than 10,000 people who worked in the toxic chaos of New York's Ground Zero after 9/11 could receive compensation totaling 657 million dollars...
English insurer encourages children to have vegetable gardens in schools
Fifty english schools will each be given their own vegetable garden to grow as a direct result of the hugely successful ‘Dig Down South...
Taiwan aims to rule on AIG unit’s deal by June
Taiwan aims to make a decision by the end of June on the controversial sale of the local unit of American International Group (AIG)...
Dutch regulator fines Fortis Holding for market manipulation
Dutch financial markets watchdog AFM said Wednesday it had fined insurance group Fortis Holding 576,000 euros (780,000 dollars) for market manipulation and withholding share...
Chile : Swiss Re estimates that earthquake may cost up to 7 billion dollars to insurers
Reinsurance giant Swiss Re on Wednesday estimated that insurers will have to pay up to 7.0 billion dollars (5.16 billion euros) for damages arising...
US insurance giant AIG has agreed to sell its Asian arm, AIA, to British insurer Prudential for around 35 billion dollars
US insurance giant AIG has agreed to sell its Asian arm, AIA, to British insurer Prudential for around 35 billion dollars (26 billion euros,...
Fraud costs UK £30 billion with £2 billion lost in insurance fraud
The National Fraud Authority (NFA) has released the UK's first comprehensive fraud estimate which estimates that fraud costs the UK over £30 billion a...
Space insurers expected to generate more than $400 million in profit for 2009
Space insurers are expected to generate more than USD400 million in profit for 2009 provided there are no claims before the end of the...
Swiss Re edges back to profit-making
One of the world's biggest reinsurers, Swiss Re, on Thursday reported a 506-million-Swiss-franc annual net profit in 2009, edging away from a record loss...
Munich RE warns about the rising cost of climate change
Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich...
MMA announces re-launch of e-trading facility – Brober Online
Broker insurer MMA Insurance has re-launched its broker e-trading facility Broker Online and its public website: www.mma-insurance.com
The updated Broker Online facility retains the highly...
Cost of big freeze on households reached £2 billion
Millions of Britons will be forced to fork out for hefty snow-related repairs to their homes from their own pockets, according to a new...
VIDEO : Nodar Kumaritashvili, a 21-year-old slider from the republic of Georgia, died Friday after he crashed in the final curve
Fast and frightening, yes. Responsible for the death of a luger, no.
Olympic officials decided late Friday night against any major changes in the track...
US new jobless claims tumble
New claims for jobless insurance benefits in the United States tumbled in the past week, official data showed Thursday, highlighting ongoing improvement in the...
Decade of delivery for AXA Wealth’s Elite fund of funds range
AXA Wealth is marking a decade of success as the Elite fund of funds range celebrates its 10th birthday.
Launched in 1999 with three funds:...
Lloyd’s publishes its Strategy for 2010-2012
Lloyd’s, the world’s leading specialist insurance market, today released its 2010 – 2012 Strategy after a detailed review of the market’s position which involved...
Aon Corp total revenue rose 9% to $2.07 billion
Aon Corp said fourth-quarter earnings rose before special items, beating expectations, as savings from restructuring improved margins and currency gains boosted revenue.
Total revenue increased...
O2 launches travel insurance powered by Mondial Assistance
O2 today announces the next stage in the development of its financial services arm with the launch of travel insurance from O2 Money. Launching...
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