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Sony cyber security breach clean up
Sony has hired outside investigators to help clean its networks and catch the people behind a massive breach that exposed the personal data of...
Allianz : natural disasters hit profits
Germany's Allianz became on Wednesday the latest insurance giant to see its profits hit by claims related to a string of natural disasters, most...
Aon Benfield : Insurers’ catastrophe bond appetite remains healthy during Q1 2011
Aon Benfield Securities, the investment banking subsidiary of Aon Corporation, today releases its latest Insurance Linked Securities (ILS) report, which examines the key trends...
Fitch Ratings : affirms SCOR at ‘A’, outlook remains positive
Fitch Ratings has today affirmed SCOR's Long-term Issuer Default Ratings (IDRs) and Insurer Financial Strength (IFS) ratings at 'A', respectively. Fitch has simultaneously affirmed...
Allianz : new roots to market with specialised package
Allianz Commercial is pleased to announce it has secured a multi-year partnership with Farleys Insurance Brokers to provide specialised SME packages to one of...
AIR Worldwide : catastrophe risk solutions for renewable energy facilities worldwide
Catastrophe modeling firm AIR Worldwide (AIR) today announced that its Catastrophe Risk Engineering (CRE) solutions now cover industrial and renewable energy facilities worldwide. The...
Technology failure and lack of innovation join talent recruitment among top 10 risks ranked by business leaders
Business leaders across the globe identified economic risk as the greatest threat they face today, but also emphasized the need to innovate, mitigate technology...
Drifting along in drawdown could wash retirement income down the drain
The scrapping of the age 75 annuitisation rule could inadvertently encourage people to stay in drawdown for longer than is suitable and mean they...
Standard Life : pension contribution can help avoid new higher tax rate
If an individual has been hit by the new higher tax rate introduced on the 6th April, John Lawson, head of pensions policy at...
Cat bond structure prevents money loss
The catastrophe bond issued by Topiary Capital to protect Platinum Underwriters from natural catastrophe risks has been triggered by the Japanese earthquake, but investors...
Hiscox : comment on cyber crimes
Following the recent online data hack where millions of names and email addresses were stolen, Matthew Norris, e-risk and privacy expert at specialist insurer...
Moneysupermarket.com : rising insurance prices hit homes in Surrey and Scotland
Homeowners in Dorking, Surrey and in Edinburgh and Glasgow have seen the biggest rises in the cost of their home insurance premiums according to...
ABI : calls for a balanced approach on product regulation from the FSA
The ABI calls for a balanced approach by the FSA on product regulation that reflects the diversity of retail financial services markets in the...
Hiscox Bermuda : 2011 graduate scheme launched
Hiscox has launched its 2011 graduate scheme for Bermudian graduates. With the application process now underway, Hiscox is searching for two Bermudians who graduated...
Scor : acquisition of Aegon’s Transamerica Reinsurance operations
French reinsurer will pay USD 913 million for a major stake in Aegon’s Transamerica Reinsurance operations. This should allow Scor to become America’s second...
Standard Life : launches unique Managed Portfolio Strategies
Standard Life Wealth has created a set of five unique investment strategies that will form the backbone of the Standard Life Wrap Platform's new...
Fitch Affirms MutRe IFS At ‘A-‘; Outlook Stable
Fitch Ratings has affirmed MutRe S.A.'s Insurer Financial Strength (IFS) rating at 'A-'. The Outlook is Stable.
MutRe's rating continues to reflect its healthy solvency...
Piracy : ransom paid to Somali pirates for Greek owned ship
Somali pirates have freed a Greek-owned, Cyprus-flagged ship they seized in January after receiving a ransom, pirates and a piracy monitoring group said.
The pirates...
FSA : inquiry into Pru takeover bid for AIA
The Financial Services Authority has ordered an inquiry into Prudential's bid for Asian rival AIA, which collapsed last year leaving its shareholders with a...
Aon Benfield : record Q1 losses expected to drive facultative reinsurance rates during 2011
Aon Benfield today releases the latest edition of its Fac Quarterly report, which provides an analysis of trends witnessed in the facultative reinsurance market...
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