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South Korea : 11 bidders for $6 bn stake in Woori
A total of 11 bidders, including a group led by Woori Finance Holdings, have expressed interest in up to 57 percent of South Korea's...
New York : Fewer get health care through job
The proportion of New Yorkers with health insurance provided by their employers has plummeted, according to a new study.
At the same time, government-subsidized...
Short news : movie stars depend on insurers
When it comes to deciding which stars will sparkle in a new movie, it's not just the director's fancy, the studio's demands, the tastes...
Tower Australia’s life looks healthy
Forget about superannuation as the multi-trillion dollar growth engine of the wealth management sector. Good old life (or risk) insurance has been outpacing super...
UK floods : massive rise in Britain’s flood damage bill
Britain’s rising flood risk is further underlined, with figures published by the ABI showing that the cost of flood damage since 2000 has leapt...
European insurance sector remains stable despite economic turbulence
The European insurance sector remained stable in 2009, according to key figures released by the CEA, the European insurance and reinsurance federation.
Provisional figures for...
Swiss Re sigma study examines the impact of the financial crisis and changing regulations on insurers’ asset management
Investment performance has become the number one concern for many insurers in the wake of the financial crisis and amid a changing regulatory environment....
XL Group : comments on S&P ratings
XL Group plc commented on Standard & Poor’s (S&P) announcement that it has affirmed XL’s ratings and has revised the outlook to “Stable” from...
Haiti : 200,000 Haiti cholera cases expected
A top health expert warned on Tuesday that Haiti could face as many as 200,000 cases of cholera in the coming three months and...
Aviva / UK: Intermediary confidence grows in the current economic climate
- More advisers feel that the economy is positively affecting their business
- Intermediaries are turning to new technology to increase business profitability
- Nearly half...
Pensions : Aon Hewitt response to EC Green Paper
In its response to the European Commission's (EC) Green Paper on pensions, Aon Hewitt has made an appeal for an avoidance of new EU...
Pensions : Aon Hewitt DC Index shows rise in retirement income
Retirement prospects for UK workers continued to improve in recent weeks with an increase in projected annual retirement income. The latest Aon Hewitt DC...
Prudential clears financing in buyout of AIG units
Prudential Financial Inc. said Thursday it has completed lining up financing to fund part of its acquisition of two insurance companies from American International...
Obama foes vows quick action against health overhaul
Top US House Republican John Boehner on Thursday vowed quick action next year to try to roll back President Barack Obama's signature overhaul of...
Home insurance : Claims teams on the ground assessing the damage
As the waters subside claims experts and loss adjusters from Aviva have begun visiting homes and businesses affected by yesterday’s floods.
Emergency payments have already...
Insurance Corporation of British Columbia Selects Duck Creek Rating
Duck Creek Technologies, Inc. (Duck Creek), a provider of innovative software and services for the insurance industry, announced it has signed an agreement with...
BIBA’s Steve White, named 2010 Compliance Personality of the Year
The British Insurance Brokers’ Association’s (BIBA) Head of Compliance & Training, Steve White has won the Compliance Personality of the Year award at the...
Aon Hewitt to provide delegated consulting investment services to Biffa pension scheme
The trustees of the Biffa Pension Scheme, have appointed Aon Hewitt to provide investment advice and delegated consulting services.
Biffa, nationwide integrated waste management business,...
Evolution innovates to allow brokers to place risks on the move
Commercial underwriting specialist Evolution Underwriting has launched a value-added service for brokers allowing them to manage their customers, policies and quotations while they are...
MetLife retreats from long term care market
MetLife Inc. Chief Executive Officer Robert Henrikson said the insurer’s retreat from the long-term care market will make the company stronger because prices for...
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