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Report : AIG lowers Asian unit IPO valuation
US insurer AIG said it planned to press ahead with the Hong Kong initial public offering of its Asian unit despite a disappointing valuation...
Study : UK MOT law ignored by 2.6 Million
A study has revealed that 2.6 million drivers in Britain would consider regularly driving their cars even if they had not passed an MOT...
Acquisition : RSA acquires GCAN Insurance in Canada
RSA Insurance Group plc (RSA) announces the acquisition of GCAN Insurance Company (GCAN). GCAN is a leading Canadian mid-market, large risks & specialty commercial...
BIBA 2011 : Opportunities in Adversity
The British Insurance Brokers’ Association has announced that Opportunities in Adversity will be the theme for its 2011 conference and exhibition to be held...
Announcement : UIB to trade electronically with Lloyd’s
Lloyd’s has confirmed that insurance broker UIB is the first to successfully send a live endorsement request message through the London Market’s ACORD messaging...
Financial rating : U.K. Insurer AXA Sun Life PLC Downgraded To ‘A-‘
Standard & Poor's Ratings Services said on September 15 that it lowered its long-term counterparty credit and insurer financial strength ratings to 'A-' from...
Short news : London Underground train strike
Millions of commuters in London face travel chaos Monday as the latest 24-hour strike on the Underground train network causes major disruption to the...
Goldman Sachs says Prudential’s Asian plan is right
Prudential should sell its American business before hiving off its Asian assets, a confidential strategic review designed to appease investor concern about its inherent...
AIG : final plan to repay U.S. government
The Treasury Department and American International Group have finalized a deal aimed at restoring the troubled insurance giant to independence and repaying the massive...
Auto insurance : EU equality laws will have women drivers pay higher insurance premiums
European judges were urged today to rule that insurance companies are breaking EU law if they charge women lower premiums than men because they...
Aon / Hewitt : preliminary stockholder election results
Aon Corporation and Hewitt Associates, Inc. announced today the preliminary results of the elections received from Hewitt stockholders regarding their preferences as to the...
Appointment : Steve Ford is Arist’s senior underwriter for the Leeds area
Commercial lines underwriting specialist Arista Insurance has appointed Steve Ford as senior underwriter for the Leeds area. His appointment is a strategic one for...
Short news : Bulgaria names new health minister
Bulgaria's government named a top official from the doctors' union as its new health minister Thursday, just as the union was preparing to take...
Report : McDonald’s may drop health care
US fast food giant McDonald's may drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement, The...
Prudential and MetLife set to buy AIG units in Japan
Prudential Financial Inc. and MetLife Inc., insurers that have competed for U.S. sales for more than a century, are extending their rivalry in Japan...
Confused.com : welcomes five new brands
Confused.com has welcomed five new brands to its already comprehensive list of motor insurance providers. The price comparison site now compares polices and prices...
Report : 85% of insurance technology managers believe systems under-utilised
85% of insurance risk professionals believe they are under-utilising technology at a critical time in the preparation for Solvency II.
The finding has been...
India : insurance to be de-jargonised for market penetration
To better penetrate the insurance market in India, the Irda advised companies to de-jargonise their policies.
Speaking at 13th Insurance Summit organised by the industry...
Study : texting bans don’t increase road safety
Laws that ban texting while driving are ineffective at best and could even be counter-productive because they lead to surreptitious behavior behind the wheel,...
Lloyd’s of London : interim profit of £628m
Lloyd's interim result reflects a period of significant claims and extremely challenging investment conditions
Lloyd’s has today announced an interim profit before tax of £628...
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