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Hannover Re : life reinsurer company of the year
Having already been honoured on multiple occasions in the past as "Reinsurance Company of the Year", Hannover Re has now been crowned "Life Reinsurance...
AXA unit sale : Australia’s watchdog blocks bid a second time
Australia's competition regulator blocked National Australia Bank's $12 billion bid for AXA Asia Pacific for a second time, dashing NAB's efforts to cement its...
Insurance Advertisement Campaign : comparison sites struggle for effective advertisement
Admiral car insurance shows great results, but the price comparison site subsidiary Confused.com relinquished its market leader position. Confused has seen a decline...
Aon : Pricing of $1.5 Billion of Senior Unsecured Notes
Aon Corporation today announced that it has agreed to sell $1.5 billion of senior unsecured notes in an underwritten public offering. Of these notes,...
Appointment : Willis Group welcomes Martin Sullivan as Deputy Chairman and CEO of Willis Global Solutions
Martin J. Sullivan is new Deputy Chairman of Willis Group Holdings and Chairman and CEO of the new business unit Willis Global Solutions, a...
LV= : British mutual insurer sales surge
Rising car insurance prices and strong demand for specialist annuities created a surge in British mutual insurer LV= sales. LV=, formerly Liverpool Victoria, had...
AON Benfield : new application for mobile devices
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today announces the launch of an application for its proprietary facultative placement platform, FAConnect....
AXA PartnerSpace : an online portal for independent brokers
PartnerSpace is an easy to use, online portal offering independent brokers a secure forum where they can discuss business issues and ideas with AXA...
Fire Insurance : Russia may reintroduce mandatory insurance
Russia should consider reintroducing mandatory fire insurance for homes after the state had to spend millions of dollars rebuilding houses destroyed by wildfires. Unlike...
Study / U.S. : medical programs report 5 million children not insured
It is estimated that five million uninsured children in the United States were eligible for Medicaid (medical care to the poor, to children and...
IAG / New Zealand : quake losses absorbed by reinsurance arrangments
Insurance Australia Group says it is too early to determine the extent of damage after the quake in Christchurch. The insurer said it is...
HSCB / Nedbank : South Africa regulators fear foreign control
HSBC is in exclusive talks to buy a controlling stake in Nedbank, South Africa's fourth-largest bank, from insurer Old Mutual. Yet rigid controls on...
Merger : Industrial Alliance buys Golden State Mutual
Canada's fourth-biggest insurer Industrial Alliance Insurance and Financial Services Inc. said Friday it has acquired the life insurance policies of California-based Golden State Mutual...
Brokers : fighting to get fairer claims from insurers
New research has revealed that insurance brokers have to fight harder to get claims paid during the economic downturn due to the stricter policy...
Technology : Hitachi Consulting UK Delivers Consolidated Expense Processing for Swiss Re
Hitachi Consulting UK today announced that it has implemented a Cost Operations Shared Service Centre model on behalf of Swiss Re designed to provide...
Equitable Life urges government for full customer compensation
The British mutual insurer Equitable Life urges the government to fully reimburse policyholders for their losses rather than cap compensation payments. Compensation should be...
Italy : Fondiaria-Sai to sell its Gesfid Division
Fondiaria-Sai, Italy’s second largest insurance company is in exclusive talks with PKB Privatbank AG, a Swiss bank owned by the Trabaldo Togna family, to...
AIG : Taiwan bidder says still no formal rejection notice
China Strategic Holdings Ltd said on Monday that it still has not received formal notice from Taiwan authorities, who rejected a proposal to buy...
New Zealand : Earth Quake aftermath
An earth quake of a 7.1 magnitude hit New Zealand’s second biggest city keeping it running slow this Monday. Many businesses in the...
Travel Insurance : does it pay to buy one?
The question on the financial communities mind at the moment and indeed expressed by companies such as MarketWatch is as follows: Does it pay...
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