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Zurich comments on the government’s response to its consultation on budget changes
Zurich commented on the Government's response to its pensions consultation on the Budget changes.
Simon Foster, Head of Corporate Life and Pensions, UK and International...
A Trio of Economic Problems Haunting Europe
There is a specter haunting Europe: a trio of economic problems that threaten the continent’s prosperity and social stability, all of which revolve around...
Fitch Affirms China’s Huaxia Life at IFS ‘A-‘; Outlook Stable
Fitch Ratings-Hong Kong-10 June 2014: Fitch Ratings has affirmed China-based Huaxia Life Insurance Company Limited's (HXLF) Insurer Financial Strength (IFS) rating at 'A-'. The...
Fitch Upgrades Lloyd’s of London to ‘AA-‘; Outlook Stable
Fitch Ratings-London-10 June 2014: Fitch Ratings has upgraded Lloyd's of London's (Lloyd's) Insurer Financial Strength (IFS) rating to 'AA-' from 'A+'.
Fitch has also upgraded...
German Life Insurers to Remain under Pressure from Investment Margins
Link to Fitch Ratings' Report: German Life Insurance Dashboard: 2014
Fitch Ratings-Frankfurt/London-11 June 2014: Fitch Ratings says in a new report that German life insurers...
Fitch Evaluating Strategic Importance of Milleniumbcp-Ageas’s Entities to Ageas Insurance
Fitch Ratings-London-10 June 2014: Fitch Ratings says it is evaluating the strategic importance of Milleniumbcp-Ageas's operating entities (MBCPA; Insurer Financial Strength (IFS) rating BBB-/Positive)...
Allianz starts 2014 with strong first quarter
Allianz Group began 2014 with a strong first quarter. At 33.96 billion euros, Allianz achieved the highest total quarterly revenues in the company’s history.
Compared...
Aviva plc First Quarter 2014 Interim Management Statement
Aviva’s overall performance in the first quarter was reassuringly calm and stable, in marked contrast to the weather and regulatory developments.
Value of new business...
AXA Wealth Q1 2014 results
AXA Wealth announces first quarter 2014 financial results, with significant growth across the business. This growth helped increase AXA Wealth’s overall assets under management...
Fidelity National Financial, Inc. to Present at 2014 Barclays Americas Select Franchise Conference
Fidelity National Financial, a leading provider of title insurance, technology and transaction services to the real estate and mortgage industries, today announced that it...
Universal Insurance Holdings, Inc. Reports First-Quarter 2014 Financial Results
Universal Insurance Holdings, Inc. (NYSE: UVE) today reported net income of $13.5 million, or $0.38 per diluted share, an increase of $0.09, for the...
AM Best re-affirms ‘Excellent’ rating for UK War Risks
The UK War Risks Club is pleased to announce the affirmation of its A- ‘Excellent’ financial strength rating with a ‘Stable’ outlook from the...
Aegon calls USD 1,050 million in perpetual capital securities
Aegon today announces that it will call for the redemption of perpetual capital securities with a coupon of 7.25% issued in 2007.
The redemption will...
Industry experts warn of looming consumer finance crisis unless industry and policy-makers take urgent action
An unprecedented grouping of leaders from across the UK financial services industry are warning of an impending consumer finance crisis unless action is taken...
XL Group plc to release First Quarter 2014 Results on Thursday, May 1, 2014
XL Group plc (“XL” or the “Company”) (NYSE: XL) today announced that it intends to release its First Quarter 2014 results after the close...
SNL Financial report : FICC woes hit i-banks in Europe & US
The banking industry does like to obsess about itself.
Perhaps in recent times, it has had every reason to do so. One of many current...
An accounting error that is expensive to Bank of America
U.S. bank misjudged products inherited from Merrill Lynch. It must submit new data to the Fed and should revise its dividend.
This is a very...
Wells Fargo credit quality offset the slowdown in real estate
U.S. bank Wells Fargo on Friday issued better than expected quarterly earnings , improving credit quality and efforts on costs offsetting the persistent slowdown...
Fraud to the credit card on the rise between 2010 and 2012
Between 2010 and 2012, credit card fraud rose 44%. The law protects consumers by ensuring the amounts stolen by banks.
More than 700,000 households were...
Lloyd’s Syndicate Assessment On Catlin’s Syndicate 2003 Revised To ‘4+’ After LSA Criteria Change; Outlook Stable
• Following a review of Catlin Underwriting Agencies – Syndicate 2003 under our revised Lloyd's Syndicate Assessment criteria, we are raising our assessment to...
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