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Fitch : Japanese marger won’t effect ratings
Fitch Ratings has said that there will be “limited immediate impact” on ratings after Tokio Marine Holdings Inc. (Tokio Marine) announced it's plans to...
Japan : Tokio Marine to buy Delphi Financial
Major Japanese insurer Tokio Marine Holdings said Wednesday it will buy US-based Delphi Financial Group for $2.66 million in a bid to expand its...
Aon gets GBP10 million bribery fine in U.S.
Aon Corporation will pay the US Department of Justice (DOJ) and the US Security Exchanges Commission (SEC) around USD16.3 million (GBP10.4 million) because of...
First earthquakes then floods : 2011 a tough year for NZ
Emergency workers say they are amazed no one was killed after months of rain fell in just two days causing damaging flooding in New...
Europe : winter storm Joachim causes power to go out and travel disruptions
Late last week, winter storm Joachim developed over the Atlantic and became a severe extratropical cyclone over Western Europe. With a central pressure that...
AIR Worldwide : Flash Flood from Tropical Storm Washi in Philippine Island of Mindanao
Tropical Storm Washi pummeled the northern part of the Philippine island of Mindanao late Thursday night. Heavy rainfall from Washi (locally called Sendong) lasted...
U.S. : states to chose on basic health coverage
US health officials will give the states the liberty to choose the set of medical benefits that must be offered by insurance plans participating...
Fitch : Asian insurers looking strong
Despite expensive recent natural disasters, Fitch has deemed Thailand's insurance industry 'stable' and said that the impact of the floods is only short term....
Europa : bought in GBP169 million deal
German insurance company Talanx and Japanese Meiji Yasuda partnered on Monday to buy Polish company Europa for 912 million Polish zloyts (GBP169 million pounds),...
Macedonian police bust insurance fraud ring
Macedonian police on Wednesday detained 57 people, including 17 police officiers, for involvement in traffic accident insurance fraud totalling almost EUR15 million (GBP13 million).
During...
IAG : looks at GBP443 million deal with Kurnia
Insurance Australia Group (IAG) is considering buying a stake in the general insurance unit of Malaysia's Kurnia Asia, the Star newspaper reported today.
According to...
Fitch : South Korean industry ‘stable’
While European insurers are being downgraded almost daily, Fitch has given a 'stable' outlook for the South Korean Life Insurance sector.
Fitch credited their decision...
Fitch : stable outlook for Japanese insurers
Fitch ratings has said in a new report that the outlook for the Japanese non-life insurance industry is stable. The ratings company outlines the...
Fitch : Malaysian insurance market ‘stable’
Malaysia's insurance sector is 'stable' because of sound operating profitability, steady market growth, and manageable exposure to investment risks, a new Fitch Ratings report...
OECD : Sovereign Borrowing Outlook on government needs for 2011 and 2012
The fourth OECD Sovereign Borrowing Outlook says that OECD governments face challenges in the markets for government securities.
This is a result of continued strong...
RMS : commentary on Windstorm Friedhelm
Windstorm Friedhelm is located to the west of extreme southwest Norway. The system is expected to bring strong and potentially damaging winds to southern...
US : unemployment benefit claims at 10 month low
Unemployment insurance claims in the US tumbled to the lowest point in 10 months yesterday, a positive sign for the troubled jobs market, the...
NZ Earthquake Commission : ahead of schedule
The Earthquake Commission (EQC) in New Zealand is well ahead of schedule with it's assessment of damaged property, the commission reports.
The EQC expected to...
U.S. : life insurers pay out USD 52 million
Almost 8,000 people received USD52.6 million in overdue life insurance payments, after the US Department of Financial Service's pushed insurers to match their policies...
China : hundreds of flights cancelled due to Beijing smog
Beijing authorities cancelled hundreds of flights and shut motorways on Monday as thick smog descended on the Chinese capital, reducing visibility at one of...
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