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AXA Life announces Sun Life Assurance Society plc With Profits Fund is closed to new customers
AXA Life has taken the decision to close the Sun Life Assurance Society plc (SLAS) With Profits Fund to new customers and has written...
AEGON to launch equity issue of up to EUR 1 billion
AEGON aims to raise up to EUR 1 billion through an equity issue via an accelerated bookbuild beginning today. AEGON intends to use the...
Lehman sues AIG for $9 million in CDS payments
Lehman Brothers Holdings Inc is suing American International Group for $9 million in payments the bank says it is owed from credit default swap...
Berkshire Seeks New Insurance Customers After Profit
Warren Buffett’s Berkshire Hathaway Inc. is willing to sell more insurance for natural disasters after pulling back on catastrophe coverage earlier this year when...
British Retail Consortium (BRC) urges more action on bank lending and credit insurance
A third of small and medium-sized (SME) retailers and almost a fifth of large retailers have experienced a reduction in bank lending in the...
Zurich launches new Global Protected Profits Fund
Building on the success of its existing Protected Profits Funds range, Zurich has launched a new Global Protected Profits fund aimed at cautious and...
Hannover Re renews cat bond for European windstorm risks
As part of its diversified risk management, Hannover Re has renewed its Eurus catastrophe bond issued in July 2006. The bond with a volume...
China Reinsurance planning a big investment in near term
China Reinsurance (Group) Co.,Asia's largest reinsurer, is planning an investment strategy in the near term ahead of its planned initial public offering.
China Reinsurance had...
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Rare instruments investments in rise
2009 is a time of economic uncertainty and with little faith in stocks and shares, investors are turning away from paper investments and choosing...
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