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ING reports 3.2-billion-euro exposure to Greek bonds
Dutch bank and insurance group ING reported Wednesday an exposure of 3.2 billion euros (4 billion dollars) to Greek government bonds.
This was comprised of...
German insurer Allianz reports 3.3 billion euros in Greek holdings
The German insurance giant Allianz said on Wednesday that it owned 3.3 billion euros (4.2 billion dollars) worth of Greek debt at the end...
China backs insurer Ping An’s acquisition plan
Chinese regulators have approved a plan by Shenzhen-based powerhouse Ping An Insurance to buy a stake in Shenzhen Development Bank from US private equity...
Samsung Life’s IPO draws huge response from investors
South Korea's biggest initial public offering has drawn a huge response from investors, a brokerage said Tuesday, with shares in top insurer Samsung Life...
German banks, insurers may lend Athens 1 billion euros
Deutsche Bank and insurers Allianz and Munich Re could lend Greece one billion euros (1.3 billion dollars) on the same terms as a EU-IMF...
IMF proposes global bank tax plans
The International Monetary Fund has proposed two new global taxes on banks and other financial institutions to cover the cost of future bailouts, the...
China’s Huijin to issue 80 billion yuan in bonds
The domestic investment arm of China's sovereign wealth fund has been given the green light to raise 80 billion yuan (11.7 billion dollars) through...
AIG considers action on Goldman
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud...
Australian regulator blocks NAB bid for AXA Asia Pacific
Australia's competition watchdog Monday rejected National Australia Bank's proposed 12.2 billion US dollar takeover of AXA Asia Pacific Holdings (AXA), but did not oppose...
Post-crisis finance could learn from salmon farms: report
The financial services industry could learn lessons from the plight of Chilean salmon farmers or US wildfire management, a report backed by senior bank...
Goldman Sachs holds up clean hands over AIG
US investment bank Goldman Sachs has refuted allegations that it profited improperly from the state rescue of insurance giant AIG and that it took...
Standard & Poor’s warns Britain of possible rating downgrade
Britain's credit rating could be lowered if a new government fails to cut massive public debt, Standard & Poor's warned on Monday as rival...
Swiss insurer Baloise reports profit rise
Swiss insurance group Baloise on Thursday announced an 8.9 percent increase in annual net profit in 2009, just below analysts' expectations despite strong business...
Brit Insurance announces a consolidation of share capital
Brit Insurance today announces a proposed consolidation of its share capital, whereby every four existing ordinary shares of EUR1.00 will be consolidated into a...
Friends Provident International unveils Reserve Advance enhancements
Friends Provident International (FPI) announced the enhancement to Reserve Advance, an international investment Bond for clients with a lump sum to invest for the...
AXA to delist from the NYSE to focus trading on Euronext Paris
AXA today announced its intention to voluntarily delist its American Depositary Shares (“ADS”) from the New York Stock Exchange (“NYSE”) and to voluntarily deregister...
Swiss Re transfers risk from closed block of US individual life reinsurance business to Berkshire Hathaway
Swiss Re announced today the closing of a US individual life retrocession transaction with Berkshire Hathaway. The transaction builds on Swiss Re’s tradition of...
UBI banca in talks with Aviva to sell stakes
Italy's UBI Banca is in exclusive talks with insurer Aviva to sell a minority stake in its Banca Popolare di Ancona unit, a source close...
Munich RE sees 2010 ROI below 4%
German reinsurer Munich RE Wednesday still expects return on investment for 2010 that is noticeably below 4%, its Chief Executive Nikolaus von Bomhard said.
The...
Aviva to maintains regular bonus rates
Aviva announces today details of the regular and final bonus rates. Despite the volatility of investment markets over the past two years, the vast...
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