economy
EU eyes new rules to supervise financial giants
The European Union's executive arm proposed on Monday to give national supervisors more power to oversee financial conglomerates as part of efforts to prevent...
Europe should tax banks whatever G20 decides: commissioner
Europe should tax its banks in order to build up an emergency bail-out fund whatever other major economies decide at this weekend's G20 summit,...
Merkel, Sarkozy in joint push for market reform
France and Germany on Wednesday called for a European ban on certain high-risk market dealings such as naked short selling in a joint appeal...
Greeks protest against pensions reform
Thousands of demonstrators gathered Saturday in Greece to protest against a controversial, debt-dictated pension reform proposal that includes cuts, higher contributions and tougher retirement...
Hungary seeks to calm financial fears
Hungary's government hastened to calm fears Saturday with assurances that the country's public deficit was containable, after earlier statements that it faced similar problems...
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...
China’s Huijin to issue 80 billion yuan in bonds
The domestic investment arm of China's sovereign wealth fund has been given the green light to raise 80 billion yuan (11.7 billion dollars) through...
AIG considers action on Goldman
Insurance giant AIG may pursue Goldman Sachs on losses from six billion dollars of insurance deals similar to those that prompted recent SEC fraud...
Groupama Optima Trade Plus : Tradesman policy is first to cover part-time workers and offer them fairer premiums
In a first for the insurance sector, Groupama Insurances is offering Tradesman cover for part-time workers at a reduced per capita rating through its...
Standard & Poor’s warns Britain of possible rating downgrade
Britain's credit rating could be lowered if a new government fails to cut massive public debt, Standard & Poor's warned on Monday as rival...
Obama aide puts moral case to health insurers
Barack Obama's top health official made a tough moral case to insurance giants Wednesday: put people and patriotism before profits and drop opposition to...
Britain’s recovery from recession will be slow and difficult
Britain's recovery from recession will be slow and painful, with growth unlikely to hit one percent in 2010, a report out Monday warned.
The recovery...
Lloyd’s Chairman: Lord Levene gave a speech on French Insurance Industry
Lord Levene, Lloyd's Chairman gave few days ago (September the 15th) a speech related to the insurance industry. The dinner took place in Sir...
France and Germany out of recession
Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions...
The Global Economy: A weak recovery ahead ?
Zurich Financial Services Group’s latest issue of the Economic Outlook highlights the following topics :
Leading indicators for major economies seem to have passed...
Economy dominates risk thinking, but companies fear the unknown
According to a new report by Lloyd’s, the smecialist insurance market, business leaders feel comfortable managing internal risks, such as reputation and corporate liability,...
UK life insurers were tested with easier stress-test than banks.
According to Financial Services Authority, life insurers could survive a recession that assumed a 15 percent drop in property prices in 2009.
Home Insurance – How to choose the right cover
Naturally when money is tight as it in the present climate, it can be tempting to cut costs on insurance. Malcolm Tarling of the...
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