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New product / XL INSURANCE :RECALL POLICY FOR THE FOOD AND BEVERAGE INDUSTRY
XL Insurance (Bermuda) Ltd (“XLIB”) today announced the launch of its new broad-form Product Contamination policy. To coincide with the launch, XLIB will...
Car Insurance : New iPhone Application for New Jersey Drivers
Palisades, New Jersey car insurance company, announced today the launch of a new iPhone application available to all Palisades customers and New...
Life Insurance / Security Mutual : Life products expand
Security Mutual Life Insurance Company of New York has added features to its two Whole Life products making them more efficient as personal financing...
International / HDI-Gerling : new branch opening in Ireland
Industrial Insurance Company HDI-Gerling has announced the creation of a new branch in Ireland, based in Dublin. The formation of the branch aims to...
Fitch Ratings : risks of low premiums for reinsurers
The reinsurance sector is vulnerable to a significant insured loss from the Atlantic storm season as their reserve capital has been used to offset...
AIG / International : hopes for favourable solution in Taiwan
One of the purchasers of AIG's Taiwan Nan Shan Life unit still hoped for a favourable solution to the $2.2 billion sale even after...
Analysis : AON Benfield’s report on global natural perils in August
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases its latest Monthly Cat Recap report, which provides an analysis of global...
UK Pension : Private sector final salary liabilities hit £1.2 trillion
Pension liabilities for UK private sector final salary pension schemes have hit the £1.2 trillion (£1,200,000,000,000) landmark as market conditions continue to deteriorate for...
Nomination / Allianz : Gary Coton new Household Claims Operations Manager
Allianz is pleased to announce the appointment of Gary Coton to household claims operations manager. Gary brings with him 17 years of...
Reinsurance : Global Competition Intensifies, Rating Outlook Stable
Fitch Ratings says today that it expects competition to intensify in the global reinsurance industry, leading to pressure on earnings, as reinsurance has proved...
ERGO in Korea’s insurance market
ERGO, Europe’s 12th-largest insurance company entered the Korean market in 2008 by buying a 65 percent stake in Daum Direct Auto Insurance Co., an...
Arista 21% growth on 2009
Commercial lines underwriting specialist Arista Insurance has recorded a 21% increase in income in the first half compared with the same period in...
Life Insurance / Study : Working Parents with Minor Children Have More Life Insurance Coverage on Dad than on Mom
A MetLife study has found that a gender gap in life insurance coverage exists between working, married men and women with children under the...
Life insurance : Three out of ten American families have no policy
Despite the fact that most American families have less to fall back on financially than when the economic downturn began, ownership of individual life...
Taiwan rejects Hong Kong group’s bid for AIG unit
Taiwanese authorities on Tuesday rejected a Hong Kong consortium's bid to buy ailing US insurance giant American International Group's Taiwan unit Nan Shan Life.
The...
Royal Bank of Scotland Insurance is to close offices and cut staff
The company is set to close 14 of its 27 offices by 2013. The places earmarked for closure include the Direct Line call centre...
Report : Buffett has eyes on British insurance business
US billionaire Warren Buffett is interested in buying Royal Bank of Scotland's insurance business Direct Line, a report said Sunday.
Spiraling claims from car...
Pension : Employers underestimate risks associated with poor defined benefit membership data
Most UK employers operating defined benefit pension schemes are underestimating the risks and failing to understand the impact of poor quality membership...
Health / Drugs : Interpol announces 10 tonnes of counterfeit medical products seized in Africa
A vast police operation coordinated by Interpol in East Africa has led to the seizure of 10 tonnes of counterfeit medical products and...
Health : Concerns as obesity surgery soars in Britain
British health campaigners warned Friday that surgery was being seen as an easy option to tackle obesity after new figures showed weight-loss...
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