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ING to separate banking and insurance and authorize a rights issue of up to EUR 7.5 billion
The Extraordinary General Meeting (EGM) of ING Groep N.V. today voted in favour of all proposals put forward to the meeting. The EGM approved...
UK Government to meet insurers over flood-damaged in Cumbria
Damage from the floods in Cumbria and south Scotland could cost insurers more than £100m, to encourage a swift response to claims over flood-damaged...
Association of British Insurers helps policyholders who have been flooded in Cumbria and Scotland
As water begins to recede from most homes and businesses in Cumbria and Scotland following the recent flooding, it is time for lengthy drying...
Retirement reality hits hard in UK
In the UK today, there are approximately 11.8million people of retirement age. With an average death age of 79 , a typical person in...
Public health significance of H1N1 virus mutation detected in Norway
The Norwegian Institute of Public Health has informed World Health Organization of a mutation detected in three H1N1 viruses. The viruses were isolated from...
AIG board authorises to pay Robert Benmosche’s compensation
AIG, the insurer that received billions of dollars in a U.S. bailout, has been authorised by its board to pay Chief Executive Robert Benmosche's...
Munich RE acquires further shares in ERGO
Munich Re has acquired further shares in ERGO Versicherungsgruppe AG (ERGO) from Bayerische Hypo- und Vereinsbank AG (HVB) via an investment company.
This acquisition increases Munich Re’s...
U.S. federal officials press Feinberg to relax executive compensation restrictions at AIG for 2010
Federal officials have been urging pay czar Kenneth Feinberg to ease the compensation restrictions at AIG for 2010, according to the Wall Street Journal,...
WEATHER WARNING of heavy Rain for all UK regions
The Met Office has issued a weather warning for ALL UK REGIONS. Heavy rain and risk of severe weather is expected from 1433 Mon...
England could take years to recover from the devastating floods
Residents in flood-hit northwest England began returning to their homes Monday but police warned it could take years to recover from the devastation left...
Lloyds to swap £8.78 billion of bonds to exit from a costly state-backed insurance scheme
Lloyds Banking Group said it had agreed to swap 8.78 billion pounds of bonds as part of a deal aimed at funding its exit...
British firms fail to take climate risk seriously
British companies are failing to take the strategic implications of climate change seriously and are missing out on investment opportunities, a study sponsored by...
UK floods damage could cost insurers £100 million
DAMAGE from the floods in Cumbria and south Scotland could cost insurers more than £100m, the Association of British Insurers (ABI) said yesterday.
The body...
Flood-damaged parts of the UK are bracing themselves for more heavy
Flood-damaged parts of the UK are bracing themselves for more heavy rain today after two days of downpours that inundated homes, swept away bridges,...
Insurance hit from UK floods seen below 2007 level
Heavy floods that hit northern England on Friday are likely to cause far less damage than those which struck the country two years ago...
Obama health drive clears key Senate hurdle
President Barack Obama's planned overhaul of the US health care system headed Sunday for another major political battle after it cleared a key Senate...
Tesco enhances its financial services business and signs an insurance deal with Fortis
Tesco took a further step on its journey to become a force in banking by signing up U.S. group Fiserv to provide the technology...
Association of British Insurers issues advice to people who have suffered flood damage
The ABI has issued advice to people who have suffered flood damage following the recent heavy rainfall.
Household and business insurance policies cover flood...
H1N1 may cost the UK economy £72 billions
A severe H1N1 flu pandemic could cost the UK economy 72 billion pounds, scientists said on Friday, but advised against closing schools even if...
Taiwan to probe if AIG unit’s buyer violated commitment
Taiwan will probe if the buyer of the local unit of American International Group has violated a long-term investment commitment by speedily selling on...
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