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Lloyds in talks with the govt and the financial regulator over “possible alternatives” to the asset protection scheme
Lloyds said it may scale back or cancel its participation in a state-backed scheme to insure it against credit losses, as a healthier economy...
RSA Insurance Ireland to create 40 jobs in Galway
RSA Insurance Ireland Limited announced an investment of €3 million in local technology. This will creates 40 jobs at its offices in Ballybrit, Co...
Fortis and BNP Paribas Assurance to buy 50% of Italian insurer: UBI Assicurazioni
Fortis and BNP Paribas Assurance acquire a majority stake in UBI Assicurazioni, one of the leading non-life bancassurance players in Italy. UBI Assicurazioni enters...
AXA and HSBC in business insurance partnership
AXA Insurance has today announced that it has secured a 10 year partnership with HSBC to provide insurance solutions to HSBC’s small to medium...
Lloyd’s to enter the Nordic market by opening its first office in Sweden
Lloyd’s, the world’s leading specialist insurance market, today opened its first representative office in Sweden, which will act as the hub for all Nordic...
Munich RE warns about rise of piracy and advise insurance product
Back in 2007, the ransoms demanded by pirates were generally still under the US$ 1 million mark. The sums which were ultimately paid amounted...
Allfinanz innovates to optimise life insurers underwriting processes and save costs
Allfinanz, the Software company owned by Munich RE is launching a new business processing and underwriting automation solutions for life insurers in German-speaking countries
Life...
Retirement incomes in UK is half the average wage
Although the UK’s defined contribution (DC) pension funds have seen a £30 billion improvement to £485bn in the last month, UK workers still face...
Aviva Life Insurance and DBS bank to start partnership in India
Aviva Life Insurance and DBS Bank today announced a strategic partnership for bancassurance in India by which DBS Bank will offer its customers, customised...
Lloyd’s Chairman: Lord Levene gave a speech on French Insurance Industry
Lord Levene, Lloyd's Chairman gave few days ago (September the 15th) a speech related to the insurance industry. The dinner took place in Sir...
RSA Insurance Group interested in a new acquisition of £6 million
British general insurer RSA is considering acquisitions in the order of 600 million pounds ($1 billion) and may fund any deal by selling new...
Increase in failing businesses puts directors and officers in the firing line, warns Aviva
As more businesses face liquidation, directors and officers are at greater risk of being sued, says Aviva.
The Insolvency Service statistics released for the first...
Association of British Insurers worried about UK competitiveness propose solutions
80% of UK insurance executives surveyed by the ABI feel that if the Government fails to improve competitiveness, there will be a drop in...
Groupama Launches Low Cost Legal Cover for SMEs with Optima Liability
Brokers tasked with reducing costs for their SME clients can now take advantage of Optima Liability from Groupama Insurances. Launched in recognition of the...
9/11 and Insurance: The Eight Year Anniversary – Insurers Paid Out Nearly $40 Billion
The Insurance Information Institute (I.I.I.) has experts available to discuss the insurance implications of the September 11 terrorist attacks and the challenges insurers and...
Swiss RE reports climate change risks could cost developing countries up to 19% of GDP by 2030
A report from the Economics of Climate Adaptation Working Group released today indicates that climate risks could cost nations up to 19% of their...
Resolution’s next acquisition will be a general insurer
Resolution is interested in buying a general insurer. According to John Tiner, its chief executive, it is part of its ambitious plan to shake...
WHO set measures in school to reduce H1N1 influenza pandemic
WHO is today issuing advice on measures that can be undertaken in schools to reduce the impact of the H1N1 influenza pandemic. Recommendations draw...
Allianz to launch international advert campaign entitled “The Passion Behind Football”
On September 15, Allianz will launch an international campaign entitled "The Passion Behind Football". The focus will be on FC Bayern München and the...
Tesco and Fortis finalise insurance partnership and plan to create 1500 jobs in UK
Tesco Personal Finance Plc (TPF) and Fortis (UK) Ltd (Fortis) have concluded their previously announced* discussions to form a new partnership providing motor and...
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