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Insurance giant Prudential expects to list in Hong Kong on May
Insurance giant Prudential, which has agreed to buy the Asian arm of troubled US insurer AIG, said Friday its shares were expected to start...
New US jobless claims retreat
New claims for US unemployment insurance benefits fell back last week after a fortnight of increases, the Labour Department said Thursday.
Initial jobless claims totalled...
Energy insurers heading into deeper waters as oil exploration breaks depth records
Energy insurers will, over the next 10 years, have to deal with drilling and production platforms in ever deeper waters; more complex subsea infrastructure...
Ash cloud strands tourists in Egypt
Thousands of tourists holidaying in Egypt were stranded at airports across the country on Monday as volcanic ash emanating from Iceland swept through European...
Waterland Financial acquires MetLife’s Taiwan unit
Taiwan's Waterland Financial Holding announced Monday it will pay 112.5 million US dollars for the acquisition of US insurance giant MetLife's local unit.
Waterland, a...
US Congress passes jobless aid package
The US Congress on Thursday passed a two-month extension of unemployment benefits, overcoming Republican opposition that stalled the aid package when the programs expired...
Energy insurers must cope with rising power demand unchecked by the recession
The economic recession has barely dented global usage of electricity in the long term leaving both power generators and their insurers having to cope...
Swiss Re helps clients turn risk into profitable growth
Swiss Re announced on April 15 the launch of an enhanced version of Magnum, its automated life and health underwriting system.
This innovative solution...
Insurance association BIBA launchs “Facts about limitation of liability”
The British Insurance Brokers’ Association (BIBA) has launched a new publication to provide clarification to brokers on the issue of limitation of liability when...
New head of commercial for Sterling Insurance
Sterling Insurance Company announced on Monday Kevin Donoghue appointment to a newly created position, Head of Commercial Underwriting.
Kevin will be responsible for developing and...
Philippine tourism sector hit by European air ban
A European Commission ruling that Philippine airlines are unsafe has dealt a major blow to the tourism sector, the Southeast Asian nation's tourism minister...
Taiwan minister sorry for linking singles to mental illness
Taiwan's health minister apologised Thursday after he came under fire for suggesting single people should pay more health insurance because they have a higher...
Boeing plans 150-million-dollar charge under health-care law
US aerospace giant Boeing said Wednesday it expected to take an income-tax charge of about 150 million dollars in the 2010 first quarter as...
MMA signs up to SIRA in fight against fraud
MMA, the broker-only general insurer, has announced today that the company has signed up to the SIRA system (Syndicated Intelligence for Risk Avoidance), joining...
MMA to accelerate Commercial Lines development
Broker insurer MMA Insurance confirmed on March 25th details of the next stage of its drive into the UK’s commercial lines insurance market, building...
AT&T sets 1 billion dollars aside for health reform costs
US communications giant AT&T said on Friday it took a one billion dollar charge in the first quarter of 2010 to cover changes in...
the giant trimaran, Groupama 3, skippered by Franck Cammas, have won the highly coveted Jules Verne Trophy
Sponsored by leading European insurance and financial services group, Groupama since 1997, the giant trimaran, Groupama 3, skippered by Franck Cammas and his crew...
Ten US states to file suit against health care reform
Ten US states plan to file a lawsuit challenging the constitutionality of health care reform as soon as President Barack Obama signs it into...
Obama health plan war shifts to US Senate
President Barack Obama's Republican foes in the US Senate prepared Monday to wage political war on the last piece of his historic health care...
Aviva’s protection service gets quicker and slicker
Aviva, the UK’s largest insurer, has reduced the average time it takes to accept a protection application by 40% from 11 days to 6.5...
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