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Aviva reports sales drop with £27 billion worldwide sales
British insurance giant Aviva on Wednesday reported an 11-percent drop in worldwide sales during the first nine months of the year but claimed the...
RBS likely to sell its insurance operations (Churchill and Direct Line brands) and cut 3,700 jobs
Royal Bank of Scotland said it would be forced to sell more assets than it had expected and axe 3,700 jobs from its retail...
WEATHER WARNING of Heavy Rain in South West, South East and London
The Met Office has issued a weather warning for London, South East and South West England.
Heavy rain is expected from 1200 Tue 03 Nov...
Swiss Re returns strong profit in third quarter and announced 1,000 jobs cuts
Swiss Re, one of the world's biggest reinsurers, on Tuesday returned to strong profit in the third quarter, cautiously turning its back on losses...
Britain announces plans to break up state rescued banks RBS and Lloyds
Britain is to force state-rescued banks RBS and Lloyds Banking Group to sell assets in a massive shake-up of the banking sector but will...
European stress test to be run in the insurance sector in december 2009
CEIOPS’ Members endorsed in today’s meeting the proposal to run a EU-wide stress test in the insurance sector in December 2009.
CEIOPS will continue to...
Royal Bank of Scotland to maintain recovery plan and sell top brand Direct Line and Churchill
Part-nationalised lender Royal Bank of Scotland said it aims to stick with its recovery plan despite potential large-scale disposals ordered by European Union anti-trust...
British government in £40 billion bailout to troubled banks
Britain's government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock...
Solvency II: the principal challenge for Europe’s insurers
On an economic basis, many insurers experienced a drastic slump in their equity capital in 2008. The first signs of a recovery were only...
Moody’s downgrades ING insurance on corporate split
International ratings agency Moody's said on Wednesday it had downgraded ratings on the insurance business that Dutch group ING intends to split off under...
AON launches a new insurance cover for pandemic building closure
Companies can now insure themselves for costs incurred if their building or the vicinity is officially closed due to a pandemic. With an expected...
British supermarket Tesco to create 1,000 jobs
Britain's biggest retailer Tesco said Wednesday that it will create 1,000 jobs at a new customer services centre for its banking division in Newcastle,...
ING to sell off its insurance operations and to raise €7.5 billion euros to repay government
Dutch banking and insurance group ING said Monday it plans to restructure its business, selling off its insurance operations and raising up to 7.5...
Allianz Commercial opens a new office in Bristol to provide support to small business customers of Lloyds Banking Group
Allianz Commercial has expanded its UK branch network with the opening of a new office in Bristol that will provide dedicated support to the...
Employers and workers failing to maximise the value of company-provided life assurance
Nine out of ten businesses offer life assurance as part of their benefits package, yet over half of workers don’t think it is provided...
UK state pension, already the worst in Europe, under even greater pressure
The projected rise in the UK’s population will exacerbate the nation’s long-term pensions crisis, with the likely outcome being substantial tax rises just to...
Legal & General in talk to cherry-pick troubled assets from Lloyds Banking Group
The real estate arm of insurer Legal & General is in talks to cherry-pick troubled assets from Lloyds Banking Group in deals that could...
WEATHER WARNING of Heavy Rain for Grampian, Northern Ireland and Central, Tayside & Fife
The Met Office has issued a weather warning for Grampian, Northern Ireland and Central, Tayside & Fife
Heavy rain is expected from 0543 Fri 23...
Swiss insurer Zurich loses 51,000 British customers data
Zurich Financial Services said it had called in auditors KPMG to investigate after details of 51,000 British customers were lost at a data storage...
ABI delivers insurance advices for postal strike starting 22 October
Insurers have plans in place to ensure that customers remain insured and minimise delays and disruption, during the postal strike which starts tomorrow, 22...
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