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US insurer MetLife to sell Taiwan unit to Chinatrust
US insurance giant MetLife will sell its Taiwan unit to local financial conglomerate Chinatrust for $180 million, the companies said.
The deal, pending the approval...
Swiss Re : sigma study reveals that natural catastrophes and man-made disasters caused economic losses of USD 218 billion and cost insurers USD 43 billion
According to Swiss Re’s latest sigma study, worldwide economic losses from natural catastrophes and man-made disasters were USD 218 billion in 2010, more than...
Lobbying insurance firms help sway the budget
Welsh broker Moorhouse has been praised for its part in a lobbying effort by FairFuelUK prior to the budget, which saw the Government postpone...
Aon Benfield Thailand celebrates milestone 50th anniversary
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, today celebrates the 50th anniversary of its Thailand operations.
The firm’s Thailand division...
Ecclesiastical defends and wins dog walker case to protect charities
A civil damages case taken by a charity dog walker, which could have had wide-reaching implications for anyone working on a natural surface like...
Ecclesiastical joins Home & Legacy household panel
Mid and high net worth insurance specialist, Home & Legacy, has announced that specialist insurer Ecclesiastical is set to join the Company's household insurance...
Investment company sector shows unbroken dividend records
Latest figures from the Association of Investment Companies (AIC) suggest that consistent, reliable dividends continue to be a relevant strategy for a significant proportion...
Acquisition : Ageas UK acquires Castle Cover Limited
Ageas UK (formerly Fortis) acquired Castle Cover Limited for a sum of GBP 52.8 million.
The purchase is part of Ageas UK's multi-distribution strategy and...
Fitch Revises Italian Non-life Insurance Rating Outlook to Stable from Negative
Fitch Ratings-London/Milan-28 March 2011: Fitch Ratings has revised the rating outlook for the Italian non-life insurance market to stable from negative, on the grounds...
Update on AXA APH transaction
AXA welcomes today the end of the pricing period of the merger of AXA Asia Pacific Holdings.
with AMP Limited and the sale of AXA...
Liberty Syndicates new offices in French capital
Liberty Syndicates, a member of Liberty Mutual Group, has moved to a new office in Paris to accommodate the Lloyd’s underwriter’s growing team based...
Aviva handed JP Morgan the task to sell RAC
RAC has around 2,000 patrols that attend 2.8m breakdowns each year, including overseas breakdowns through its RAC Europe unit.
JP Morgan has been handed the...
Kyrgyz project wins 2011 International ReSource Award for Sustainable Watershed Management
A project to establish the sustainable management of the Chon-Aksuu River watershed in Central Asia has won the 9th Swiss Re International ReSource Award...
Fitch affirms Provinzial Nordwest Insurance Entities at IFS ‘A+’
Fitch Ratings has affirmed non-life insurer Westfaelische Provinzial Versicherung AG's (WPV) and life insurer Provinzial NordWest Lebensversicherung AG's (PNWL) Insurer Financial Strength (IFS) ratings...
U.S. : Obesity fight begins at home
US First Lady Michelle Obama's campaign against childhood obesity took a personal turn when she said she is paying more attention to a key...
XLRe Teams up with Aon Benfield
XL Re and Aon Benfield today announced that XL Re Ltd, XL’s Bermuda-domiciled reinsurance subsidiary, has teamed up with Aon Benfield to become the...
EIOPA launches Europe-wide insurance stress test
The European Insurance and Occupational Pensions Authority (EIOPA) launched today the second Europe-wide stress test for the insurance sector. The stress test is conducted...
German reinsurers post quake loss estimates
German reinsurance group Hannover Re said Wednesday that the Japanese disasters would cost it around 250 million euros ($350 million), six times less than...
Aon Hewitt ranked number one in 10 of 11 categories in the Black Book of Outsourcing
Aon Hewitt announced today it was ranked as the clear leader in HR Outsourcing (HRO), according to Datamonitor's 2010 Black Book of Outsourcing.
Datamonitor, the...
Munich Re estimates losses due to Japan’s earthquake
Munich Re provisionally estimates that its claims payments for the devastating earthquake and tsunami in Japan will total some €1.5bn (after retrocession and before...
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