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Europe to push for tougher G20 market regulation
Greek Prime Minister George Papandreou said several European leaders will press for a ban on certain arcane financial tools tied to the 2008 global...
India plans 11 billion dollar infrastructure fund, 4.4 from insurance
India aims to create an 11-billion-dollar fund to overhaul its creaking infrastructure, with 40 percent of the money sourced from abroad, a report said...
New US weekly jobless claims fall fourth week in row
New claims for US unemployment insurance benefits fell for the fourth straight week, the longest stretch since the economy entered recession more than two...
Insurance giant Dai-ichi Life annual profits more than double
Japan's second-biggest life insurer Dai-ichi Life said Friday net profit more than doubled in the fiscal year to March boosted by strong demand for...
Chinese banks and insurers sign a 23 billon dollar refinery deal in Nigeria
Nigeria and a Chinese state firm have signed a 23-billion-dollar deal to build three refineries and a petrochemical complex in Nigeria, a world's major...
Aon Benfield’s FAConnect platform delivers new capacity for Terrorism risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, has teamed up with leading reinsurers to deliver enhanced facultative capacity for US Terrorism...
ARAG wins two awards in national competition
Bristol-based legal insurance specialist ARAG won two awards last week at the prestigious Claims Technology Awards held in Manchester.
ARAG’s combined After-the-Event (ATE) Claims &...
Lawyers on the prowl after US oil spill
Armies of lawyers are turning their sights to the massive oil slick spreading across the Gulf of Mexico, eagerly seeking damages from the companies...
Insurer AIG swings back to profit in first quarter
Bailed out US insurance giant AIG posted on Friday a better than expected net profit of 1.45 billion dollars in the first quarter, a...
Airline SAS says volcano cost it more than 66 million euros
Scandinavian airline SAS said Friday it suffered at least 66 million euros in losses owing to a volcanic ash cloud from Iceland that grounded...
Aon launches industry’s first insurance policy for space investors
Aon's International Space Brokers, the largest specialist risk adviser in the sector, today announced the launch of Investment Protection Insurance, a game-changing policy for...
Insurer Zurich posts 76 percent profit jump in first quarter
Swiss insurer Zurich Financial Services on Thursday said its first quarter net profits soared 76 percent to 935 million dollars (729 million euros), despite...
Prudential delays rights issue to fund Asian insurer buyout
British insurer Prudential on Wednesday said it had decided to delay launching a rights issue aimed at helping to fund a 35.5-billion-dollar takeover of...
Baja California quake causes USD 1 billion economic loss in Mexico
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...
HSB launches green equipment breakdown product
Leading engineering specialist insurer HSB Engineering Insurance Limited has launched an equipment breakdown product which addresses the green issues faced by businesses, helping them...
New Zealand warns of ‘extreme’ terrorism risk in India, travel insurance hardly recommended
New Zealand has warned travellers of an "extreme risk" of terrorism in India highlighting New Delhi, the venue for the October Commonwealth Games, as...
Poland’s PZU draws record number of investors
Over a quarter million individual investors signed up for a pool of seven million shares in Poland's PZU insurance giant, setting a new record,...
Appointment: Evolution expands underwriting team
Commercial underwriting specialist Evolution Underwriting has announced today the appointment of James Curtin as a commercial underwriter working within the New Business team. Curtin...
FAConnect platform brings new facultative capacity for Chile earthquake risk
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, is utilizing its groundbreaking FAConnect placement platform to respond to client demand for expanded...
Steady growth of Saudi insurance sector prompts Chedid Re to set up operations in Kingdom
Chedid Re, one of the leading reinsurance brokers in the MENA region, has announced that it has established a new subsidiary in the Kingdom...
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