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Axa Wealth : announces single distribution structure for enhanced IFA service and support
The AXA Wealth International distribution function is being aligned to the wider AXA Wealth structure to streamline the service and support offered to IFAs.
Earlier...
British watchdog hits Willis with record anti-bribery fine
Britain's financial watchdog on Thursday said it had fined British insurance broker Willis Limited nearly £7.0 million for failing to ensure payments to overseas...
FSA : action against directors of IFA firm for recommending unsuitable investments
The Financial Services Authority (FSA) has imposed prohibitions on Paul Banfield and Anthony Moss, former directors of Best Advice Financial Planning Limited (Best Advice),...
Fitch Ratings : affirms Fondiaria-SAI at IFS ‘BB+’
Fitch Ratings has affirmed Italian insurance company Fondiaria-SAI's (FonSAI) and its main subsidiary, Milano Assicurazioni's (Milano) Insurer Financial Strength (IFS) ratings at 'BB+' and...
Fitch Ratings : affirms Friends Life IFS at ‘A+’
Fitch Ratings has affirmed Friends Provident Life and Pensions Ltd's (FPLP), Friends Life Company Limited's (FLC) and Friends Life Assurance Society Limited's (FLAS) Insurer...
Aon : Ward Financial Group acquired
Aon Corporation announces the acquisition of the Westfield Financial Corporation and its subsidiary the Ward Financial Group from the Ohio Farmers Insurance Company.
Ward is...
S&P : Reinsurer SCR downgraded to BBB
Standard & Poor's Ratings Services has lowered its local currency long-term counterparty credit and insurer financial strength ratings on Morocco-based Société Centrale de Réassurance...
S&P : downgraded Polish insurer WARTA
Standard & Poor's Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on Polish non-life insurer Towarzystwo Ubezpieczen i Reasekuracji WARTA...
BSA : MPs’ calls on Government to foster diversity and promote mutuals welcomed
The All-Party Parliamentary Group for Building Societies and Financial Mutuals has today set out important recommendations as to how the Government should deliver its...
S&P: Swiss Re’s Mortality Catastrophe-Indexed notes issued by Vita Capital assigned preliminary ratings
Standard & Poor's Ratings Services said that it assigned preliminary ratings to the $100 million principal-at-risk variable-rate mortality catastrophe-indexed series V class D notes...
Fitch Ratings : affirms Legal and General’s IFS at ‘AA-‘
Fitch Ratings has affirmed Legal & General Assurance Society Ltd's Insurer Financial Strength (IFS) rating at 'AA-'. Fitch simultaneously affirmed Legal & General Group...
Legal and General : a growing North South divide
James Carrick, LGIM economist believes there are currently different dynamics at work with in the major European economies. It would seem that while Northern...
RMS : major upgrade to Europe Windstorm Model
Risk Management Solutions announces a comprehensive upgrade to their Europe Windstorm Model, featuring significant advances to all aspects of windstorm modelling in the region....
Moneysupermarket.com : inflation still too high despite 0.3% drop in May
The announcement by the Bank of England that inflation has fallen to 4.2 per cent is welcome news for the UK economy, however the...
Europe : all in one package for Internet, phone and TV preferred by consumers
A Eurobarometer survey show 4 out of 10 households buy an Internet, phone and TV service package from a single provider.
The survey also...
Munich Re : 2011 is a year of unprecedented losses
An exceptional accumulation of very severe natural catastrophes makes 2011 the highest-ever loss year on record, even after the first half-year. Already, the approx....
Employment, Liz Sayce, RADAR, Department for Work and Pensions, disabled,
The Government is launching a consultation into employment services for disabled people and seeking views on the recommendations put forward by RADAR Chief Executive...
Aon Benfield : UCL Hazard Centre will host a seminar to address tsunami risk
Aon Benfield reports that catastrophic losses in the first quarter and Solvency II are driving the need for insurers to boost their understanding of...
S&P : review of Irish Life Assurance
Standard & Poor's Ratings Services said that it reviewed its 'BBB-' long-term counterparty credit and insurer financial strength ratings on Irish-based insurer Irish Life...
British care homes owner says to shut, transfer patients
Southern Cross, the financially troubled owner of 752 care homes in Britain, said on Monday that it would close, but added that its 31,000...
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