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Munich Re increases profit to €2.56bn in 2009 and raises dividend to €5.75
On the basis of preliminary calculations, Munich Re increased its consolidated profit significantly to €2.56bn in 2009 (previous year: €1.58bn). The profit for the...
US: New AIG bonuses ignited a political firestorm
A new furor erupted Wednesday as AIG revealed plans to pay 100 million dollars in bonuses a year after similar payments by the bailed-out...
Zurich Financial’s net profit up six percent in 2009
Swiss insurer Zurich Financial Services on Thursday reported a six percent increase in annual net profit in 2009 to 3.2 billion dollars (2.3 billion...
Car insurance premiums rise by 20% during 2009
Car insurance premiums soared by nearly 20% during 2009 as the UK's growing compensation culture pushed up insurers' costs, research has shown.
The cost of...
WEATHER WARNING – Feb 3, 2010: Heavy snow for all UK regions
The Met Office has issued a weather warning for all UK regions. Heavy Snow is expected from 0349 Wed 03 Feb to 2359 Wed...
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes
Reinsurers benefit in 2009 from recovering investment returns and absence of major catastrophes says Cooper Gay report - 2010 could be more challenging with...
AXA launches new direct car insurance for experienced drivers
AXA re-enters direct car insurance market with the launch of a highly competitive product and market beating benefits for experienced drivers.
AXA has today launched...
ING firmly decided to separate Banking and Insurance operations
ING announced today that it will file an appeal with the General Court of the European Union against specific elements of the European Commission’s...
Head of Mediobanca wants to lead Generali
The president of Italian investment bank Mediobanca wants to replace Antoine Bernheim at the head of Generali in April, the Italian daily La Repubblica...
Cumbria floods costs reached £200 million accord to ABI
The cost of damage caused by last November’s devastating flooding in Cumbria has now topped £200 million, according to figures released today by the...
Not enough tax contribution to keep UK insurers in the country
A more competitive and business friendly environment is needed to ensure the UK does not lose more insurance firms based here, the ABI has...
Lord Levene advised to let the finance industry to regulate itself
Bankers on Wednesday hit out against over-regulation of the finance industry, with the head of British giant Barclays warning that cutting big banks down...
Retirement age ‘should be scrapped’
People should be allowed to extend their working lives into older age, said the equalities watchdog on Monday under proposals to scrap the current...
Britain economy set to exit the recession
Britain was on Tuesday expected to discover that its record recession officially ended in the fourth quarter of 2009 but the nation's huge debt...
US: Geithner on hot seat over AIG before restive Congress
US Treasury Secretary Timothy Geithner appears this week before lawmakers angry over his part in the bailout of insurance giant AIG, with concerns mounting...
US: Obama to keep up the fight for meaningful health insurance reforms
President Barack Obama vowed Saturday to "never stop fighting" for struggling Americans in a fiery counter-attack aimed at mending Democratic morale and his frayed...
NAB to secure its takeover bid for AXA Asia Pacific Holdings
National Australia Bank (NAB) is a step closer to taking over AXA Asia Pacific Holdings Ltd. (AXA APH) after the bank's examination of the...
Lloyds to cut almost 600 jobs and to bring back its insurance business in Bristol and Edinburgh
British bank Lloyds said on Thursday it intended to cut nearly 600 jobs in another shake-up at the state-rescued group that has already axed...
FSA outlines concerns about firms’ handling of clients’ money and assets from insurance brokers
The Financial Services Authority (FSA) has sent a letter and report to the chief executive officers of major insurance brokers and investment firms which...
Lloyd’s Chairman: Lord Levene, awarded 2009 Insurance Leader of the Year
Lloyd’s Chairman, Lord Levene, has been named the 2009 Insurance Leader of the Year by the St. John’s University School of Risk Management at...
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