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The challenges and opportunities in commercial liability insurance
According to the Swiss Re’s new sigma study, Commercial liability is the next challenge for businesses and their insurers, and it becomes more and...
China Insurers 2009 premium income reach CNY 1.02 Trillion
Insurance companies in China collected CNY1.022 trillion in premiums between January and November, up 11.65% from a year earlier, the state-run Xinhua News Agency...
AIG’s Asian unit to list in 20 billion dollar IPO
Bailed-out US insurance giant AIG is planning to list its Asian unit in Hong Kong by the second quarter of 2010 in a sale...
Aviva appoints Gary Price as new marketing director
Aviva announces the appointment of Gary Price as marketing director of its UK business. Gary will be responsible for customer insight, strategy, brand, sponsorship,...
Cadbury pension fund insures £500 milion liabilities
Cadbury said on Wednesday it had insured 500 million pounds of pension liabilities in a deal allowing it to keep control of the scheme's...
ING announces rights issue take up of 97.0%
ING announced today that it has received subscriptions for 1,715,046,546 new (depositary receipts for) shares through the valid exercise of rights related to its...
US: Legislation to include six-month extensions of unemployment benefits
The US House of Representatives, tackling sky-high unemployment on the cusp of an election year, will vote Wednesday on a new jobs bill, Democratic...
Wells Fargo to buy Prudential Financial stake in brokerage venture
US banking group Wells Fargo is to buy Prudential Financial's stake in a joint brokerage venture -- Wells Fargo Advisors -- for 4.5 billion...
UK insurance market premium income down 18 per cent in 2008 with a further fall in 2009
Net worldwide premium income of the UK insurance sector fell 18 per cent in 2008 to £215.3bn according to new research today from International...
British micro-business ‘revolted’ by law on insurance
Some of Britain’s smallest businesses have been “shocked and horrified” to discover that their insurance policies may be rendered worthless by an innocent mistake,...
Insurers facing new law
The Law Commission and the Scottish Law Commission today publish a joint Report recommending clarification of the law about the information which a consumer...
UK life insurers to find simpler definitions for protection products and services
UK consumers are confused about what insurance cover they think they have compared with what they are actually covered for, according to Swiss Re’s...
European Commission approves Royal Bank of Scotland restructuring
The European Commission on Monday approved the restructuring of the state-owned Royal Bank of Scotland, rescued by Europe's biggest-ever taxpayer bailout during the financial...
Towergate appoints Amanda Blanc as Deputy Group CEO
With effect from 1st January 2010, Amanda Blanc, currently CEO of Towergate’s Retail Division, is appointed Deputy Group CEO of Towergate Partnership Ltd reporting...
AXA and AMP announce they have submitted their best and final joint proposal to AXA Asia Pacific Holdings’ committee of independent directors
AXA announces that a revised joint offer (the “Proposal”) was communicated by AMP and AXA to the AXA Asia Pacific Holdings (“AXA APH”) committee...
ING to repay Dutch State EUR 5 billion core tier 1 securities on 21 Dec
ING announced today that it has notified the Dutch State that it will exercise its option to early repurchase EUR 5 billion of the...
Europe seeks ‘social’ tax on insurers and banks worldwide
Europe on Friday urged the IMF to introduce a "social" tax on banks, insurers and markets to repay taxpayers' support during lean years with...
AXA announces a new organization to support a new stage of its development
AXA announces today several measures to improve the speed and effectiveness of the organization’s ability to produce and deliver the products and services that...
Record rise in the costs of fire damage
The cost of fire damage now stands at a record level according to research published today by the ABI. In the first half of...
CEIOPS publishes its Second bi-annual Financial Stability Report for the insurance and occupational pensions sector
CEIOPS publishes its Second bi-annual Financial Stability Report for the insurance and occupational pensions sector and considers that the risks described in CEIOPS Spring...
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